Gold Investment Management Ltd. Purchases 178 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Gold Investment Management Ltd. grew its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,082 shares of the energy company’s stock after purchasing an additional 178 shares during the quarter. Gold Investment Management Ltd.’s holdings in Imperial Oil were worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of IMO. Group One Trading LLC lifted its holdings in shares of Imperial Oil by 29.7% in the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company’s stock worth $47,000 after buying an additional 173 shares in the last quarter. Continuum Advisory LLC purchased a new position in shares of Imperial Oil in the first quarter worth $71,000. AdvisorNet Financial Inc lifted its holdings in shares of Imperial Oil by 104.0% in the first quarter. AdvisorNet Financial Inc now owns 1,275 shares of the energy company’s stock worth $92,000 after buying an additional 650 shares in the last quarter. Pacifica Partners Inc. lifted its holdings in shares of Imperial Oil by 141.1% in the first quarter. Pacifica Partners Inc. now owns 2,440 shares of the energy company’s stock worth $167,000 after buying an additional 1,428 shares in the last quarter. Finally, Natixis purchased a new position in shares of Imperial Oil in the fourth quarter worth $190,000. 20.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IMO. Wolfe Research raised shares of Imperial Oil from a “peer perform” rating to an “outperform” rating in a report on Monday, April 21st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $101.00 target price on shares of Imperial Oil in a report on Thursday, April 3rd. The Goldman Sachs Group downgraded shares of Imperial Oil from a “neutral” rating to a “sell” rating in a report on Thursday, March 27th. Desjardins downgraded shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 3rd. Finally, Scotiabank raised shares of Imperial Oil to a “hold” rating in a research note on Wednesday, March 19th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Imperial Oil currently has a consensus rating of “Hold” and a consensus price target of $106.33.

Imperial Oil Price Performance

Imperial Oil stock opened at $79.35 on Friday. The company has a market cap of $40.39 billion, a price-to-earnings ratio of 11.86 and a beta of 0.87. The firm’s fifty day moving average is $73.26 and its 200 day moving average is $70.31. The company has a quick ratio of 1.22, a current ratio of 1.48 and a debt-to-equity ratio of 0.16. Imperial Oil Limited has a 52-week low of $58.76 and a 52-week high of $82.85.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Wednesday, June 4th will be paid a dividend of $0.523 per share. This is an increase from Imperial Oil’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, June 4th. This represents a $2.09 dividend on an annualized basis and a yield of 2.64%. Imperial Oil’s dividend payout ratio is presently 31.87%.

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.