Aviva PLC Purchases 102,956 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Aviva PLC boosted its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 1,563.0% in the 4th quarter, Holdings Channel reports. The firm owned 109,543 shares of the energy company’s stock after buying an additional 102,956 shares during the quarter. Aviva PLC’s holdings in Imperial Oil were worth $6,738,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets bought a new position in shares of Imperial Oil in the third quarter worth about $28,000. Integrated Wealth Concepts LLC increased its position in shares of Imperial Oil by 4.5% during the third quarter. Integrated Wealth Concepts LLC now owns 9,640 shares of the energy company’s stock worth $679,000 after acquiring an additional 416 shares during the period. Stifel Financial Corp boosted its holdings in shares of Imperial Oil by 1.6% in the third quarter. Stifel Financial Corp now owns 100,050 shares of the energy company’s stock valued at $7,049,000 after purchasing an additional 1,543 shares during the period. Wellington Management Group LLP grew its stake in Imperial Oil by 104.0% in the third quarter. Wellington Management Group LLP now owns 60,736 shares of the energy company’s stock worth $4,278,000 after purchasing an additional 30,965 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in Imperial Oil by 17.5% during the 3rd quarter. XTX Topco Ltd now owns 8,269 shares of the energy company’s stock worth $583,000 after purchasing an additional 1,230 shares during the period. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Down 2.7 %

NYSEAMERICAN:IMO opened at $60.22 on Wednesday. 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 stock has a market capitalization of $30.65 billion, a P/E ratio of 9.14 and a beta of 1.44. The company’s 50-day simple moving average is $69.02 and its 200-day simple moving average is $70.20. Imperial Oil Limited has a fifty-two week low of $59.35 and a fifty-two week high of $80.17.

Imperial Oil Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th were issued a $0.4972 dividend. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.43. This represents a $1.99 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Wednesday, March 5th. Imperial Oil’s payout ratio is currently 25.80%.

Analysts Set New Price Targets

IMO has been the subject of several research reports. JPMorgan Chase & Co. cut 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 report on Friday, January 3rd. The Goldman Sachs Group cut shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 27th. Royal Bank of Canada reissued a “sector perform” rating and set a $101.00 price objective on shares of Imperial Oil in a report on Thursday, April 3rd. Finally, Scotiabank upgraded Imperial Oil to a “hold” rating in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, Imperial Oil presently has a consensus rating of “Hold” and a consensus price target of $106.33.

Imperial Oil Company 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.