Envestnet Asset Management Inc. Acquires 10,299 Shares of Imperial Oil Limited $IMO

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Envestnet Asset Management Inc. has increased its stake in Imperial Oil Limited by 13.9%, purchasing an additional 10,299 shares to bring its total holdings to 84,287 shares valued at approximately $7.65 million. Imperial Oil recently raised its quarterly dividend to $0.87 per share, resulting in an annualized dividend of $3.48 and a 2.9% yield. Despite this, equity analysts maintain a consensus “Reduce” rating for Imperial Oil, with a target price of $115.00.

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