4,194 Shares in Imperial Oil Limited (NYSEAMERICAN:IMO) Purchased by Stevens Capital Management LP

Stevens Capital Management LP purchased a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the fourth quarter, Holdings Channel.com reports. The firm purchased 4,194 shares of the energy company’s stock, valued at approximately $258,000.

A number of other hedge funds have also recently bought and sold shares of the business. LPL Financial LLC raised its holdings in Imperial Oil by 3.5% in the fourth quarter. LPL Financial LLC now owns 47,255 shares of the energy company’s stock valued at $2,911,000 after acquiring an additional 1,617 shares in the last quarter. Guardian Partners Inc. acquired a new stake in shares of Imperial Oil in the 4th quarter valued at about $10,890,000. American Century Companies Inc. raised its stake in shares of Imperial Oil by 5.5% in the 4th quarter. American Century Companies Inc. now owns 82,555 shares of the energy company’s stock valued at $5,088,000 after purchasing an additional 4,297 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Imperial Oil during the fourth quarter worth about $193,000. Finally, Maryland State Retirement & Pension System grew its stake in Imperial Oil by 5.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 58,426 shares of the energy company’s stock worth $3,599,000 after purchasing an additional 3,271 shares in the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Stock Up 2.2 %

IMO opened at $72.79 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock’s 50-day simple moving average is $68.66. Imperial Oil Limited has a fifty-two week low of $60.95 and a fifty-two week high of $80.17. The firm has a market capitalization of $37.05 billion, a price-to-earnings ratio of 11.05 and a beta of 1.44.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be issued a $0.4972 dividend. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, March 5th. This represents a $1.99 annualized dividend and a dividend yield of 2.73%. Imperial Oil’s dividend payout ratio (DPR) is 25.80%.

Analysts Set New Price Targets

IMO has been the topic of several research reports. JPMorgan Chase & Co. cut Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. Wolfe Research lowered Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, Imperial Oil presently has an average rating of “Hold” and an average target price of $109.00.

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.