3,141 Shares in Imperial Oil Limited (NYSEAMERICAN:IMO) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,141 shares of the energy company’s stock, valued at approximately $193,000.

Several other large investors have also bought and sold shares of the company. Point72 Europe London LLP lifted its holdings in shares of Imperial Oil by 131.2% during the third quarter. Point72 Europe London LLP now owns 356,972 shares of the energy company’s stock valued at $25,134,000 after purchasing an additional 202,590 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Imperial Oil during the 4th quarter valued at about $7,982,000. Erste Asset Management GmbH bought a new stake in shares of Imperial Oil in the third quarter worth approximately $8,917,000. National Bank of Canada FI raised its holdings in shares of Imperial Oil by 13.3% during the third quarter. National Bank of Canada FI now owns 751,038 shares of the energy company’s stock valued at $52,885,000 after purchasing an additional 87,914 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in Imperial Oil during the third quarter valued at approximately $5,332,000. 20.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IMO has been the subject of a number of research analyst reports. Wolfe Research downgraded shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. The Goldman Sachs Group downgraded shares of Imperial Oil from a “neutral” rating to a “sell” rating in a report on Thursday. Finally, Scotiabank raised shares of Imperial Oil to a “hold” rating in a report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $109.00.

Imperial Oil Stock Down 2.0 %

Shares of IMO opened at $70.84 on Friday. The stock has a 50-day moving average of $69.30. The stock has a market capitalization of $36.06 billion, a PE ratio of 10.75 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. Imperial Oil Limited has a 52 week low of $60.95 and a 52 week high of $80.17.

Imperial Oil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th will be given a $0.4972 dividend. This is a positive change 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 2.81%. The ex-dividend date of this dividend is Wednesday, March 5th. Imperial Oil’s dividend payout ratio is presently 25.80%.

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.