Wexford Capital LP Buys 286,272 Shares of Imperial Petroleum Inc. (NASDAQ:IMPP)

Wexford Capital LP grew its stake in Imperial Petroleum Inc. (NASDAQ:IMPP) by 91.7% during the 4th quarter, HoldingsChannel reports. The fund owned 598,473 shares of the company’s stock after purchasing an additional 286,272 shares during the quarter. Wexford Capital LP’s holdings in Imperial Petroleum were worth $1,801,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IMPP. Deuterium Capital Management LLC raised its stake in shares of Imperial Petroleum by 43.6% in the fourth quarter. Deuterium Capital Management LLC now owns 1,393,770 shares of the company’s stock worth $4,195,000 after purchasing an additional 423,183 shares during the last quarter. Towerview LLC increased its position in Imperial Petroleum by 51.6% during the fourth quarter. Towerview LLC now owns 360,000 shares of the company’s stock valued at $1,084,000 after acquiring an additional 122,510 shares during the last quarter. Renaissance Technologies LLC increased its position in Imperial Petroleum by 207.2% during the fourth quarter. Renaissance Technologies LLC now owns 166,500 shares of the company’s stock valued at $501,000 after acquiring an additional 112,300 shares during the last quarter. Marshall Wace LLP purchased a new stake in Imperial Petroleum during the fourth quarter valued at $178,000. Finally, PEAK6 LLC purchased a new stake in Imperial Petroleum during the fourth quarter valued at $104,000. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Imperial Petroleum Stock Performance

Imperial Petroleum stock opened at $2.51 on Monday. The stock has a market cap of $74.83 million, a PE ratio of 1.76 and a beta of 1.07. Imperial Petroleum Inc. has a one year low of $2.12 and a one year high of $4.59. The stock has a fifty day moving average of $2.50 and a 200 day moving average of $2.83.

Imperial Petroleum (NASDAQ:IMPP) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.12 EPS for the quarter. The business had revenue of $26.21 million during the quarter. Imperial Petroleum had a return on equity of 17.50% and a net margin of 34.01%.

Imperial Petroleum Profile

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.