Vanguard Personalized Indexing Management LLC Grows Stake in Imperial Oil Limited $IMO

Vanguard Personalized Indexing Management LLC boosted its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 12.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,304 shares of the energy company’s stock after purchasing an additional 2,410 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Imperial Oil were worth $1,693,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC purchased a new position in Imperial Oil in the 1st quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. increased its position in Imperial Oil by 88.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the energy company’s stock worth $39,000 after buying an additional 255 shares in the last quarter. Continuum Advisory LLC purchased a new position in Imperial Oil during the first quarter worth $71,000. Banque Transatlantique SA purchased a new position in Imperial Oil during the first quarter worth $87,000. Finally, Focus Partners Wealth purchased a new position in Imperial Oil during the first quarter worth $200,000. 20.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IMO. Raymond James Financial downgraded Imperial Oil from a “moderate buy” rating to a “hold” rating in a research report on Thursday, July 3rd. TD Securities downgraded Imperial Oil from a “hold” rating to a “sell” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada raised their price target on Imperial Oil from $108.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 25th. BMO Capital Markets reissued an “outperform” rating on shares of Imperial Oil in a research report on Monday, August 4th. Finally, Zacks Research cut Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $115.00.

Imperial Oil Price Performance

IMO stock opened at $84.68 on Friday. Imperial Oil Limited has a 52-week low of $58.76 and a 52-week high of $96.09. The stock’s fifty day simple moving average is $88.90 and its 200-day simple moving average is $79.53. The company has a quick ratio of 1.34, a current ratio of 1.58 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $42.50 billion, a price-to-earnings ratio of 13.05 and a beta of 0.83.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Thursday, September 4th were issued a $0.72 dividend. The ex-dividend date was Thursday, September 4th. This is an increase from Imperial Oil’s previous quarterly dividend of $0.52. This represents a $2.88 dividend on an annualized basis and a yield of 3.4%. Imperial Oil’s payout ratio is 31.87%.

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.