Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP raised its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 522.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 201,126 shares of the energy company’s stock after acquiring an additional 168,831 shares during the quarter. Bridgewater Associates LP’s holdings in Imperial Oil were worth $14,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IMO. Mercer Global Advisors Inc. ADV grew its stake in Imperial Oil by 5.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,266 shares of the energy company’s stock worth $223,000 after acquiring an additional 158 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Imperial Oil by 5.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,308 shares of the energy company’s stock valued at $237,000 after purchasing an additional 163 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Imperial Oil by 5.0% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,753 shares of the energy company’s stock worth $265,000 after buying an additional 178 shares during the last quarter. CWM LLC increased its position in Imperial Oil by 8.7% during the second quarter. CWM LLC now owns 2,319 shares of the energy company’s stock worth $158,000 after purchasing an additional 185 shares during the last quarter. Finally, OLD National Bancorp IN raised its position in shares of Imperial Oil by 5.6% in the 2nd quarter. OLD National Bancorp IN now owns 3,831 shares of the energy company’s stock worth $261,000 after buying an additional 204 shares during the period. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on IMO. Scotiabank restated a “sector perform” rating and issued a $110.00 price target on shares of Imperial Oil in a report on Wednesday, September 25th. StockNews.com lowered shares of Imperial Oil from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Imperial Oil currently has an average rating of “Hold” and a consensus target price of $109.00.

Imperial Oil Stock Down 0.6 %

Shares of IMO opened at $73.20 on Thursday. The company has a market capitalization of $37.91 billion, a price-to-earnings ratio of 10.91 and a beta of 1.44. The company has a current ratio of 1.44, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a 52-week low of $52.97 and a 52-week high of $80.17.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.4304 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 2.35%. Imperial Oil’s dividend payout ratio (DPR) is 26.53%.

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.