Intech Investment Management LLC Increases Stake in Imperial Oil Limited $IMO

Intech Investment Management LLC boosted its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 5.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 82,983 shares of the energy company’s stock after purchasing an additional 4,392 shares during the quarter. Intech Investment Management LLC’s holdings in Imperial Oil were worth $7,179,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IMO. Westside Investment Management Inc. grew its position in Imperial Oil by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 426 shares of the energy company’s stock valued at $38,000 after purchasing an additional 213 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Imperial Oil by 64.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock valued at $40,000 after purchasing an additional 169 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Imperial Oil by 737.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock valued at $46,000 after purchasing an additional 450 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Imperial Oil during the 3rd quarter valued at about $54,000. Finally, Assetmark Inc. grew its position in Imperial Oil by 209.5% during the 4th quarter. Assetmark Inc. now owns 653 shares of the energy company’s stock valued at $56,000 after purchasing an additional 442 shares during the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.

Imperial Oil Trading Down 3.2%

Shares of IMO opened at $118.72 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. Imperial Oil Limited has a 1 year low of $70.87 and a 1 year high of $139.44. The company has a 50 day simple moving average of $128.99 and a two-hundred day simple moving average of $111.58. The firm has a market cap of $57.41 billion, a P/E ratio of 28.00 and a beta of 0.48.

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, June 4th. Imperial Oil’s dividend payout ratio (DPR) is 38.69%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Royal Bank Of Canada downgraded shares of Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a research report on Monday, February 23rd. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. Finally, Zacks Research upgraded 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 assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Imperial Oil has a consensus rating of “Reduce” and a consensus 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.