Quantinno Capital Management LP Grows Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Quantinno Capital Management LP lifted its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 1.0% during the 4th quarter, HoldingsChannel reports. The firm owned 65,518 shares of the energy company’s stock after buying an additional 666 shares during the period. Quantinno Capital Management LP’s holdings in Imperial Oil were worth $4,036,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in shares of Imperial Oil by 16.9% during the 4th quarter. FMR LLC now owns 43,162,088 shares of the energy company’s stock valued at $2,659,965,000 after buying an additional 6,228,461 shares in the last quarter. TD Asset Management Inc. raised its position in Imperial Oil by 2.2% during the fourth quarter. TD Asset Management Inc. now owns 4,825,945 shares of the energy company’s stock valued at $297,268,000 after purchasing an additional 105,970 shares in the last quarter. Bank of America Corp DE raised its position in Imperial Oil by 1.1% during the fourth quarter. Bank of America Corp DE now owns 2,398,899 shares of the energy company’s stock valued at $147,772,000 after purchasing an additional 26,891 shares in the last quarter. Geode Capital Management LLC lifted its stake in Imperial Oil by 29.0% during the fourth quarter. Geode Capital Management LLC now owns 1,086,840 shares of the energy company’s stock worth $67,634,000 after purchasing an additional 244,176 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Imperial Oil by 29.0% in the 4th quarter. JPMorgan Chase & Co. now owns 945,002 shares of the energy company’s stock worth $58,212,000 after purchasing an additional 212,707 shares in the last quarter. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Trading Up 0.2%

NYSEAMERICAN:IMO opened at $72.50 on Monday. The firm has a market capitalization of $36.91 billion, a P/E ratio of 11.00 and a beta of 1.44. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $68.04 and a 200 day moving average of $69.81. Imperial Oil Limited has a 52 week low of $58.76 and a 52 week high of $80.17.

Imperial Oil Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.523 per share. This represents a $2.09 annualized dividend and a dividend yield of 2.89%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, June 4th. Imperial Oil’s dividend payout ratio is 25.80%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wolfe Research raised Imperial Oil from a “peer perform” rating to an “outperform” rating in a report on Monday, April 21st. Royal Bank of Canada reissued a “sector perform” rating and set a $101.00 price target on shares of Imperial Oil in a research note on Thursday, April 3rd. Scotiabank raised shares of Imperial Oil to a “hold” rating in a research note on Wednesday, March 19th. Raymond James reaffirmed an “outperform” rating on shares of Imperial Oil in a report on Monday, May 5th. Finally, The Goldman Sachs Group downgraded shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research note on Thursday, March 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.