Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Acquired by Syon Capital LLC

Syon Capital LLC increased its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 36.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,070 shares of the energy company’s stock after acquiring an additional 3,761 shares during the period. Syon Capital LLC’s holdings in Imperial Oil were worth $805,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. NewEdge Wealth LLC lifted its holdings in shares of Imperial Oil by 67.0% in the fourth quarter. NewEdge Wealth LLC now owns 29,218 shares of the energy company’s stock valued at $1,671,000 after buying an additional 11,717 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Imperial Oil by 137.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,842 shares of the energy company’s stock valued at $5,086,000 after purchasing an additional 51,449 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Imperial Oil during the third quarter valued at $269,000. Envestnet Asset Management Inc. lifted its holdings in shares of Imperial Oil by 44.0% during the third quarter. Envestnet Asset Management Inc. now owns 95,817 shares of the energy company’s stock valued at $5,901,000 after purchasing an additional 29,258 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in shares of Imperial Oil during the fourth quarter valued at $1,745,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Trading Down 0.8 %

Shares of NYSEAMERICAN IMO traded down $0.57 during mid-day trading on Friday, hitting $70.70. 632,840 shares of the company traded hands, compared to its average volume of 417,520. Imperial Oil Limited has a 1 year low of $44.46 and a 1 year high of $74.58. The company has a market cap of $37.88 billion, a price-to-earnings ratio of 11.29 and a beta of 1.48. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 0.18.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its earnings results on Friday, February 2nd. The energy company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.55 by $0.26. Imperial Oil had a return on equity of 20.92% and a net margin of 9.59%. The business had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $12.29 billion. Sell-side analysts predict that Imperial Oil Limited will post 6.07 EPS for the current year.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.4473 dividend. This is an increase from Imperial Oil’s previous quarterly dividend of $0.36. This represents a $1.79 annualized dividend and a yield of 2.53%. The ex-dividend date was Friday, March 1st. Imperial Oil’s dividend payout ratio is currently 28.05%.

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.