Citigroup Inc. Grows Stock Position in Imperial Oil Limited $IMO

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Citigroup Inc. increased its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) by 107.1% during the third quarter, now owning 282,428 shares valued at $25.6 million. Despite this, Imperial Oil has received a “Strong Sell” consensus rating from analysts, with a target price of $116.00. The company recently increased its quarterly dividend to $0.87 per share, offering a 3.0% yield.

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