2,941 Shares in Imperial Oil Limited (NYSEAMERICAN:IMO) Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. bought a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,941 shares of the energy company’s stock, valued at approximately $207,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. TD Asset Management Inc boosted its holdings in shares of Imperial Oil by 201.0% in the first quarter. TD Asset Management Inc now owns 3,384,060 shares of the energy company’s stock worth $233,640,000 after buying an additional 2,259,766 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Imperial Oil by 10,896.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 867,174 shares of the energy company’s stock worth $59,135,000 after purchasing an additional 859,288 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Imperial Oil in the second quarter valued at $40,729,000. Capital World Investors boosted its position in shares of Imperial Oil by 134.0% in the first quarter. Capital World Investors now owns 747,929 shares of the energy company’s stock worth $51,588,000 after buying an additional 428,252 shares during the period. Finally, SIR Capital Management L.P. purchased a new position in shares of Imperial Oil during the second quarter valued at $11,405,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on IMO shares. StockNews.com downgraded shares of Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Wolfe Research began coverage on shares of Imperial Oil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $108.00 price target on the stock. Finally, Scotiabank restated a “sector perform” rating and issued a $110.00 target price on shares of Imperial Oil in a research note on Wednesday, September 25th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Imperial Oil has a consensus rating of “Hold” and a consensus price target of $101.00.

Imperial Oil Price Performance

Shares of Imperial Oil stock opened at $70.57 on Wednesday. The firm has a market capitalization of $37.29 billion, a price-to-earnings ratio of 10.52 and a beta of 1.44. Imperial Oil Limited has a 52-week low of $52.97 and a 52-week high of $80.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.40.

Imperial Oil Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be paid a $0.4304 dividend. This represents a $1.72 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio 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.