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

Bridgewater Associates LP lifted its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 522.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,126 shares of the energy company’s stock after acquiring an additional 168,831 shares during the period. Bridgewater Associates LP’s holdings in Imperial Oil were worth $14,166,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC acquired a new stake in shares of Imperial Oil during the second quarter worth $3,064,000. Fiera Capital Corp boosted its stake in Imperial Oil by 262.5% during the 2nd quarter. Fiera Capital Corp now owns 95,455 shares of the energy company’s stock valued at $6,511,000 after purchasing an additional 69,121 shares during the period. Ritholtz Wealth Management grew its position in Imperial Oil by 17.4% in the 3rd quarter. Ritholtz Wealth Management now owns 59,726 shares of the energy company’s stock worth $4,208,000 after purchasing an additional 8,858 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Imperial Oil by 855.2% in the third quarter. Assenagon Asset Management S.A. now owns 35,981 shares of the energy company’s stock valued at $2,534,000 after purchasing an additional 32,214 shares during the period. Finally, M&G Plc bought a new stake in shares of Imperial Oil during the second quarter valued at approximately $627,000. 20.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com lowered Imperial Oil from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Scotiabank reissued a “sector perform” rating and issued a $110.00 price target on shares of Imperial Oil in a research note on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $109.00.

Imperial Oil Stock Down 0.6 %

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

Imperial Oil Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be given a $0.4304 dividend. 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 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.