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

Geode Capital Management LLC boosted its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 4.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,693,690 shares of the energy company’s stock after buying an additional 78,321 shares during the quarter. Geode Capital Management LLC’s holdings in Imperial Oil were worth $149,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IMO. AQR Capital Management LLC lifted its stake in Imperial Oil by 5.0% in the 1st quarter. AQR Capital Management LLC now owns 34,218 shares of the energy company’s stock valued at $2,475,000 after buying an additional 1,627 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Imperial Oil by 54.7% in the 1st quarter. NewEdge Advisors LLC now owns 11,887 shares of the energy company’s stock valued at $860,000 after buying an additional 4,201 shares in the last quarter. Focus Partners Wealth purchased a new position in Imperial Oil in the 1st quarter valued at about $200,000. Cetera Investment Advisers lifted its stake in Imperial Oil by 6.8% in the 2nd quarter. Cetera Investment Advisers now owns 4,569 shares of the energy company’s stock valued at $363,000 after buying an additional 291 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Imperial Oil by 4.7% in the 2nd quarter. Invesco Ltd. now owns 354,865 shares of the energy company’s stock valued at $28,205,000 after buying an additional 15,834 shares in the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.

Imperial Oil Trading Up 0.5%

IMO opened at $126.90 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.02. The company’s 50 day simple moving average is $128.77 and its two-hundred day simple moving average is $112.47. Imperial Oil Limited has a 1-year low of $72.46 and a 1-year high of $139.44. The firm has a market capitalization of $61.37 billion, a price-to-earnings ratio of 29.93 and a beta of 0.43.

Imperial Oil Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on IMO shares. TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. Royal Bank Of Canada lowered shares of Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research note on Monday, February 23rd. Finally, Zacks Research raised shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Imperial Oil currently has a consensus rating of “Reduce” and an average price target of $116.00.

About Imperial Oil

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.