Signaturefd LLC Grows Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Signaturefd LLC grew its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,648 shares of the energy company’s stock after acquiring an additional 150 shares during the quarter. Signaturefd LLC’s holdings in Imperial Oil were worth $471,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in IMO. Atria Investments Inc acquired a new stake in shares of Imperial Oil in the 3rd quarter valued at about $228,000. Empowered Funds LLC boosted its position in shares of Imperial Oil by 3.1% in the 3rd quarter. Empowered Funds LLC now owns 13,986 shares of the energy company’s stock valued at $985,000 after purchasing an additional 420 shares during the period. Swiss National Bank boosted its position in shares of Imperial Oil by 0.8% in the 3rd quarter. Swiss National Bank now owns 567,176 shares of the energy company’s stock valued at $39,967,000 after purchasing an additional 4,400 shares during the period. Caprock Group LLC boosted its position in shares of Imperial Oil by 50.7% in the 3rd quarter. Caprock Group LLC now owns 11,626 shares of the energy company’s stock valued at $824,000 after purchasing an additional 3,909 shares during the period. Finally, Intech Investment Management LLC lifted its position in Imperial Oil by 96.6% during the 3rd quarter. Intech Investment Management LLC now owns 20,515 shares of the energy company’s stock worth $1,445,000 after acquiring an additional 10,080 shares during the period. 20.74% of the stock is owned by institutional investors and hedge funds.

Imperial Oil Trading Up 1.3 %

Shares of IMO stock opened at $71.26 on Friday. The company has a 50 day moving average of $68.27. Imperial Oil Limited has a twelve month low of $60.95 and a twelve month high of $80.17. The stock has a market cap of $36.27 billion, a P/E ratio of 10.81 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.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be paid a $0.4972 dividend. The ex-dividend date is Wednesday, March 5th. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. This represents a $1.99 dividend on an annualized basis and a dividend yield of 2.79%. Imperial Oil’s payout ratio is 25.80%.

Analyst Ratings Changes

Several brokerages have weighed in on IMO. JPMorgan Chase & Co. downgraded Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. Wolfe Research downgraded Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $109.00.

About Imperial Oil

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.