Imperial Oil Limited $IMO Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,693,690 shares of the energy company’s stock after purchasing an additional 78,321 shares during the period. Geode Capital Management LLC owned 0.35% of Imperial Oil worth $149,067,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Imperial Oil by 5.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,599 shares of the energy company’s stock valued at $236,000 after acquiring an additional 127 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Imperial Oil by 64.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock valued at $40,000 after acquiring an additional 169 shares during the period. NewEdge Advisors LLC increased its position in shares of Imperial Oil by 1.5% in the 2nd quarter. NewEdge Advisors LLC now owns 12,071 shares of the energy company’s stock valued at $959,000 after acquiring an additional 184 shares during the period. Kathmere Capital Management LLC increased its position in shares of Imperial Oil by 2.9% in the 4th quarter. Kathmere Capital Management LLC now owns 6,563 shares of the energy company’s stock valued at $566,000 after acquiring an additional 186 shares during the period. Finally, Vise Technologies Inc. increased its position in shares of Imperial Oil by 1.3% in the 3rd quarter. Vise Technologies Inc. now owns 15,742 shares of the energy company’s stock valued at $1,428,000 after acquiring an additional 207 shares during the period. 20.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Securities reissued a “sell” rating on shares of Imperial Oil in a research report on Wednesday, May 13th. Royal Bank Of Canada downgraded Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 target price on the stock. in a research report on Monday, February 23rd. Finally, Zacks Research raised Imperial Oil from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $116.00.

Imperial Oil Stock Performance

NYSEAMERICAN IMO opened at $126.90 on Friday. The stock has a market capitalization of $61.37 billion, a price-to-earnings ratio of 29.93 and a beta of 0.43. Imperial Oil Limited has a twelve month low of $72.46 and a twelve month high of $139.44. The company has a current ratio of 1.23, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average of $128.77 and a 200 day moving average of $112.47.

Imperial Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 4th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a yield of 2.7%. Imperial Oil’s dividend payout ratio is presently 38.69%.

Imperial Oil Company Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.