662 Shares in Imperial Oil Limited (NYSEAMERICAN:IMO) Bought by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. purchased a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 662 shares of the energy company’s stock, valued at approximately $41,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in shares of Imperial Oil by 3.7% in the third quarter. FMR LLC now owns 36,933,627 shares of the energy company’s stock valued at $2,598,604,000 after purchasing an additional 1,331,235 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Imperial Oil by 8.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,420,002 shares of the energy company’s stock worth $311,175,000 after buying an additional 341,689 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Imperial Oil by 9.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,107,250 shares of the energy company’s stock valued at $148,235,000 after buying an additional 187,158 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Imperial Oil by 9.1% during the third quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company’s stock valued at $59,502,000 after acquiring an additional 70,357 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Imperial Oil by 13.3% during the third quarter. National Bank of Canada FI now owns 751,038 shares of the energy company’s stock worth $52,885,000 after acquiring an additional 87,914 shares during the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.

Imperial Oil Price Performance

Shares of IMO stock opened at $71.07 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.44 and a quick ratio of 1.23. The company has a market capitalization of $36.18 billion, a P/E ratio of 10.78 and a beta of 1.44. Imperial Oil Limited has a 12-month low of $58.02 and a 12-month high of $80.17.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.4972 per share. This represents a $1.99 dividend on an annualized basis and a dividend yield of 2.80%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, March 5th. Imperial Oil’s payout ratio is 25.80%.

Analyst Ratings Changes

Several analysts recently issued reports on IMO shares. Wolfe Research cut shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. lowered shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $109.00.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.