Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC raised its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 96.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,515 shares of the energy company’s stock after acquiring an additional 10,080 shares during the quarter. Intech Investment Management LLC’s holdings in Imperial Oil were worth $1,445,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IMO. Virtu Financial LLC acquired a new stake in Imperial Oil in the first quarter valued at approximately $395,000. Burney Co. grew its position in shares of Imperial Oil by 3.4% during the first quarter. Burney Co. now owns 27,862 shares of the energy company’s stock worth $1,926,000 after buying an additional 908 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Imperial Oil by 8.8% during the first quarter. EverSource Wealth Advisors LLC now owns 3,145 shares of the energy company’s stock worth $216,000 after buying an additional 255 shares in the last quarter. Baker Ellis Asset Management LLC acquired a new stake in shares of Imperial Oil during the second quarter worth approximately $423,000. Finally, CWM LLC grew its position in shares of Imperial Oil by 8.7% during the second quarter. CWM LLC now owns 2,319 shares of the energy company’s stock worth $158,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Stock Down 1.8 %

Imperial Oil stock opened at $75.72 on Tuesday. The firm has a market capitalization of $39.21 billion, a price-to-earnings ratio of 11.28 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.44 and a quick ratio of 1.23. Imperial Oil Limited has a 12 month low of $52.97 and a 12 month high of $80.17.

Imperial Oil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be issued a $0.4304 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio is presently 26.53%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IMO shares. StockNews.com downgraded shares of Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Scotiabank reissued a “sector perform” rating and set a $110.00 price target on shares of Imperial Oil in a research report on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $109.00.

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.