Gold Investment Management Ltd. Has $1.95 Million Stock Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Gold Investment Management Ltd. lifted its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,718 shares of the energy company’s stock after purchasing an additional 537 shares during the period. Gold Investment Management Ltd.’s holdings in Imperial Oil were worth $1,948,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of IMO. Olympiad Research LP bought a new stake in shares of Imperial Oil in the third quarter valued at approximately $388,000. Radnor Capital Management LLC bought a new position in Imperial Oil in the 3rd quarter worth $314,000. Stephens Inc. AR increased its stake in shares of Imperial Oil by 9.0% in the 3rd quarter. Stephens Inc. AR now owns 14,521 shares of the energy company’s stock worth $1,023,000 after acquiring an additional 1,196 shares in the last quarter. First Trust Direct Indexing L.P. bought a new stake in Imperial Oil during the 3rd quarter valued at about $207,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Imperial Oil by 1.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 30,782 shares of the energy company’s stock valued at $2,162,000 after acquiring an additional 505 shares during the last quarter. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Down 0.9 %

Imperial Oil stock traded down $0.70 during mid-day trading on Friday, hitting $73.28. 11,645 shares of the company’s stock traded hands, compared to its average volume of 399,074. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.40 and a quick ratio of 1.16. The company has a market capitalization of $38.72 billion, a P/E ratio of 11.03 and a beta of 1.44. Imperial Oil Limited has a one year low of $52.97 and a one year high of $80.17.

Imperial Oil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be given a dividend of $0.4304 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.35%. Imperial Oil’s dividend payout ratio is presently 26.53%.

Wall Street Analyst Weigh In

IMO has been the topic of several analyst reports. Wolfe Research started coverage on shares of Imperial Oil in a report on Thursday, July 18th. They set an “outperform” rating and a $108.00 price target on the stock. StockNews.com downgraded shares of Imperial Oil from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $110.00 price target on shares of Imperial Oil in a report on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Imperial Oil presently has an average rating of “Hold” and an average price target of $109.00.

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.