4,194 Shares in Imperial Oil Limited (NYSEAMERICAN:IMO) Purchased by Stevens Capital Management LP

Stevens Capital Management LP bought a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,194 shares of the energy company’s stock, valued at approximately $258,000.

Several other hedge funds also recently modified their holdings of IMO. FMR LLC grew its position 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 boosted its stake 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 during the last quarter. Geode Capital Management LLC grew its holdings in Imperial Oil by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company’s stock valued at $59,502,000 after buying an additional 70,357 shares during the period. National Bank of Canada FI increased its stake in shares of Imperial Oil by 13.3% during the 3rd quarter. National Bank of Canada FI now owns 751,038 shares of the energy company’s stock valued at $52,885,000 after acquiring an additional 87,914 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Imperial Oil by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 548,554 shares of the energy company’s stock worth $38,630,000 after acquiring an additional 16,555 shares during the period. 20.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Imperial Oil Stock Performance

IMO opened at $72.79 on Tuesday. Imperial Oil Limited has a 1 year low of $60.95 and a 1 year high of $80.17. The business’s 50 day simple moving average is $68.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. The firm has a market cap of $37.05 billion, a P/E ratio of 11.05 and a beta of 1.44.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 5th will be paid a $0.4972 dividend. This represents a $1.99 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, March 5th. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. Imperial Oil’s dividend payout ratio (DPR) is currently 25.80%.

Imperial Oil Profile

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.