Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 11.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 197,264 shares of the energy company’s stock after buying an additional 19,731 shares during the quarter. Wellington Management Group LLP’s holdings in Imperial Oil were worth $11,292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Syon Capital LLC increased its position in Imperial Oil by 36.5% during the 4th quarter. Syon Capital LLC now owns 14,070 shares of the energy company’s stock worth $805,000 after purchasing an additional 3,761 shares in the last quarter. Point72 Asset Management L.P. increased its position in Imperial Oil by 35.6% during the 4th quarter. Point72 Asset Management L.P. now owns 1,120,229 shares of the energy company’s stock worth $63,913,000 after purchasing an additional 293,910 shares in the last quarter. Nebula Research & Development LLC purchased a new stake in Imperial Oil during the 4th quarter worth about $802,000. Quadrature Capital Ltd purchased a new stake in Imperial Oil during the 4th quarter worth about $5,124,000. Finally, Crossmark Global Holdings Inc. increased its position in Imperial Oil by 8.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 17,214 shares of the energy company’s stock worth $984,000 after purchasing an additional 1,399 shares in the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

Wall Street Analysts Forecast Growth

IMO has been the subject of several recent analyst reports. Raymond James upgraded Imperial Oil to a “hold” rating in a report on Tuesday, May 28th. StockNews.com cut Imperial Oil from a “buy” rating to a “hold” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $85.33.

Imperial Oil Price Performance

Shares of IMO stock opened at $67.97 on Thursday. The firm has a market cap of $36.42 billion, a price-to-earnings ratio of 10.65 and a beta of 1.45. Imperial Oil Limited has a 1-year low of $48.26 and a 1-year high of $74.58. The company has a quick ratio of 1.04, a current ratio of 1.34 and a debt-to-equity ratio of 0.17.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings data on Friday, April 26th. The energy company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.10. Imperial Oil had a return on equity of 20.76% and a net margin of 9.46%. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $11.61 billion. On average, research analysts forecast that Imperial Oil Limited will post 6.29 EPS for the current fiscal year.

Imperial Oil Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.4377 per share. This represents a $1.75 annualized dividend and a yield of 2.58%. The ex-dividend date is Monday, June 3rd. Imperial Oil’s payout ratio is currently 27.59%.

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.