MQS Management LLC purchased a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO – Free Report) (TSE:IMO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,753 shares of the energy company’s stock, valued at approximately $497,000.
Other hedge funds have also modified their holdings of the company. Westside Investment Management Inc. grew its stake in shares of Imperial Oil by 100.0% during the third quarter. Westside Investment Management Inc. now owns 426 shares of the energy company’s stock valued at $38,000 after purchasing an additional 213 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Imperial Oil by 64.8% during the third quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock valued at $40,000 after acquiring an additional 169 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Imperial Oil by 737.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock valued at $46,000 after acquiring an additional 450 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Imperial Oil during the third quarter valued at $54,000. Finally, Assetmark Inc. lifted its stake in shares of Imperial Oil by 209.5% during the fourth quarter. Assetmark Inc. now owns 653 shares of the energy company’s stock valued at $56,000 after acquiring an additional 442 shares during the period. 20.74% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have recently issued reports on IMO. TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. Royal Bank Of Canada lowered Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research note on Monday, February 23rd. Finally, Zacks Research raised Imperial Oil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $116.00.
Imperial Oil Trading Down 0.5%
NYSEAMERICAN IMO opened at $133.19 on Friday. The firm has a market cap of $64.41 billion, a P/E ratio of 31.41 and a beta of 0.48. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.02. The stock’s 50-day moving average is $128.74 and its 200-day moving average is $110.35. Imperial Oil Limited has a one year low of $70.61 and a one year high of $139.44.
Imperial Oil Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 4th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.6%. Imperial Oil’s dividend payout ratio (DPR) is currently 38.69%.
Imperial Oil 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.
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