Aigen Investment Management LP Purchases Shares of 19,601 Imperial Oil Limited (NYSEAMERICAN:IMO)

Aigen Investment Management LP acquired a new position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the fourth quarter, Holdings Channel.com reports. The firm acquired 19,601 shares of the energy company’s stock, valued at approximately $1,208,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in shares of Imperial Oil in the third quarter worth $28,000. Winch Advisory Services LLC acquired a new stake in shares of Imperial Oil in the fourth quarter worth $26,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Imperial Oil in the fourth quarter worth $41,000. Allworth Financial LP increased its stake in shares of Imperial Oil by 21.0% in the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock worth $100,000 after acquiring an additional 283 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Imperial Oil during the third quarter valued at $137,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Stock Performance

IMO stock opened at $64.20 on Thursday. 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 firm has a market capitalization of $32.68 billion, a price-to-earnings ratio of 9.74 and a beta of 1.44. Imperial Oil Limited has a one year low of $60.95 and a one year high of $80.17. The firm’s fifty day moving average price is $67.25.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 5th will be issued a dividend of $0.4972 per share. This represents a $1.99 annualized dividend and a yield of 3.10%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, March 5th. Imperial Oil’s dividend payout ratio (DPR) is presently 25.80%.

Analysts Set New Price Targets

Several research firms recently commented on IMO. JPMorgan Chase & Co. lowered shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. Wolfe Research lowered shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report 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. Based on data from MarketBeat, the company presently 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.