MFF Capital Investments Ltd Acquires 16,000 Shares of Imperial Oil Limited $IMO

MFF Capital Investments Ltd acquired a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO – Free Report) (TSE:IMO) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 16,000 shares of the energy company’s stock, valued at approximately $1,969,000. Imperial Oil accounts for about 0.1% of MFF Capital Investments Ltd’s investment portfolio, making the stock its 24th largest position.

Other institutional investors also recently bought and sold shares of the company. Compound Planning Inc. raised its holdings in shares of Imperial Oil by 3.5% in the first quarter. Compound Planning Inc. now owns 2,597 shares of the energy company’s stock valued at $340,000 after buying an additional 88 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Imperial Oil by 1.6% during the first quarter. D.A. Davidson & CO. now owns 5,913 shares of the energy company’s stock worth $774,000 after buying an additional 91 shares during the last quarter. Generali Asset Management SPA SGR grew its holdings in shares of Imperial Oil by 3.8% during the third quarter. Generali Asset Management SPA SGR now owns 2,810 shares of the energy company’s stock worth $346,000 after buying an additional 103 shares during the last quarter. Lido Advisors LLC grew its holdings in shares of Imperial Oil by 3.3% during the third quarter. Lido Advisors LLC now owns 4,543 shares of the energy company’s stock worth $559,000 after buying an additional 144 shares during the last quarter. Finally, Baker Ellis Asset Management LLC increased its position in Imperial Oil by 3.4% in the 3rd quarter. Baker Ellis Asset Management LLC now owns 4,600 shares of the energy company’s stock valued at $566,000 after acquiring an additional 150 shares during the period. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Stock Down 0.2%

IMO stock opened at $123.28 on Wednesday. Imperial Oil Limited has a one year low of $83.27 and a one year high of $139.44. The stock has a market capitalization of $58.19 billion, a PE ratio of 12.68 and a beta of 0.55. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.12 and a current ratio of 1.30. The company has a fifty day moving average of $128.71 and a 200-day moving average of $124.67.

Imperial Oil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 1st. Investors of record on Thursday, December 3rd will be issued a dividend of C$0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, December 3rd. Imperial Oil’s dividend payout ratio is currently 38.09%.

Wall Street Analysts Forecast Growth

Several research firms have commented on IMO. Raymond James Financial reaffirmed an “underperform” rating on shares of Imperial Oil in a research note on Wednesday, September 16th. Desjardins raised Imperial Oil to a “hold” rating in a research report on Thursday, July 16th. UBS Group reiterated a “buy” rating on shares of Imperial Oil in a research note on Monday, September 14th. Scotiabank reissued a “sector perform” rating on shares of Imperial Oil in a report on Monday, October 19th. Finally, Zacks Research upgraded Imperial Oil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Imperial Oil currently has a consensus rating of “Reduce” and a consensus price target of $116.00.

Read Our Latest Stock Analysis on IMO

Imperial Oil Profile

(Free Report)

Imperial Oil is an integrated energy company based in Calgary, Alberta, with operations spanning oil and natural gas production, refining, and the marketing of fuels and other petroleum products. Founded in 1880, it is one of Canada’s longest-standing petroleum companies and is majority-owned by Exxon Mobil. The company produces oil and natural gas from conventional resources and oil sands, including operations at Cold Lake and Kearl, as well as its participation in the Syncrude project. Its downstream business refines crude oil into transportation fuels and other products, which it sells in Canada primarily through the Esso and Mobil brands.

See Also

Want to see what other hedge funds are holding IMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Imperial Oil Limited (NYSEAMERICAN:IMO – Free Report) (TSE:IMO).

Institutional Ownership by Quarter for Imperial Oil (NYSEAMERICAN:IMO)

Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with MarketBeat.com's FREE daily email newsletter.