American Century Companies Inc. Has $7.87 Million Holdings in Imperial Oil Limited $IMO

American Century Companies Inc. raised its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 24.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,998 shares of the energy company’s stock after buying an additional 19,171 shares during the period. American Century Companies Inc.’s holdings in Imperial Oil were worth $7,865,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of IMO. IMG Wealth Management Inc. acquired a new position in shares of Imperial Oil in the 2nd quarter worth approximately $28,000. MAI Capital Management raised its position in Imperial Oil by 2,275.0% in the 2nd quarter. MAI Capital Management now owns 380 shares of the energy company’s stock valued at $30,000 after purchasing an additional 364 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Imperial Oil by 88.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the energy company’s stock worth $39,000 after purchasing an additional 255 shares in the last quarter. Banque Transatlantique SA bought a new stake in shares of Imperial Oil during the first quarter worth $87,000. Finally, Lingohr Asset Management GmbH acquired a new stake in shares of Imperial Oil in the second quarter valued at $204,000. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Performance

Shares of Imperial Oil stock opened at $92.40 on Friday. The firm has a fifty day moving average of $92.42 and a two-hundred day moving average of $86.26. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.17 and a current ratio of 1.47. The stock has a market capitalization of $45.42 billion, a price-to-earnings ratio of 16.65 and a beta of 0.70. Imperial Oil Limited has a 52 week low of $58.76 and a 52 week high of $101.01.

Imperial Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Wednesday, December 3rd will be paid a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $2.88 annualized dividend and a yield of 3.1%. Imperial Oil’s dividend payout ratio is presently 31.26%.

Analysts Set New Price Targets

Several research analysts recently issued reports on IMO shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Imperial Oil in a research report on Wednesday, November 5th. Zacks Research downgraded shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research report on Tuesday, November 4th. Finally, Cibc World Mkts cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Imperial Oil has an average rating of “Reduce” and a consensus price target of $115.00.

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.