Klein Pavlis & Peasley Financial Inc. Invests $797,000 in Imperial Oil Limited $IMO

Klein Pavlis & Peasley Financial Inc. bought a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the third quarter, HoldingsChannel.com reports. The fund bought 8,781 shares of the energy company’s stock, valued at approximately $797,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IMO. IMG Wealth Management Inc. acquired a new position in Imperial Oil during the second quarter worth approximately $28,000. MAI Capital Management boosted its stake in shares of Imperial Oil by 2,275.0% during the 2nd quarter. MAI Capital Management now owns 380 shares of the energy company’s stock worth $30,000 after acquiring an additional 364 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Imperial Oil by 9.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,472 shares of the energy company’s stock worth $196,000 after acquiring an additional 206 shares during the period. Focus Partners Wealth acquired a new position in shares of Imperial Oil during the 1st quarter worth approximately $200,000. Finally, Captrust Financial Advisors bought a new stake in Imperial Oil in the 2nd quarter valued at $207,000. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Trading Up 1.8%

IMO stock opened at $97.98 on Friday. 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 company’s 50-day simple moving average is $92.33 and its 200 day simple moving average is $88.97. Imperial Oil Limited has a 52 week low of $58.76 and a 52 week high of $101.01. The company has a market capitalization of $47.38 billion, a PE ratio of 17.65 and a beta of 0.70.

Imperial Oil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 1st. Shareholders of record on Wednesday, December 3rd were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Wednesday, December 3rd. Imperial Oil’s dividend payout ratio is presently 31.26%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IMO. Raymond James Financial cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Monday, December 8th. TD Securities restated a “sell” rating on shares of Imperial Oil in a research note on Tuesday, November 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Imperial Oil in a report on Wednesday, November 5th. Cibc World Mkts lowered shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 14th. Finally, BMO Capital Markets downgraded shares of Imperial Oil from an “outperform” rating to a “market perform” rating in a research report on Monday, December 15th. Six investment analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $115.00.

Imperial Oil Company Profile

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.