DRW Securities LLC Makes New Investment in Imperial Oil Limited $IMO

Key Points

• DRW Securities LLC has purchased 40,700 shares of Imperial Oil Limited, valued at approximately $2,943,000, marking a new investment in the company.
• Imperial Oil has announced an increase in its quarterly dividend from $0.52 to $0.72 per share, representing an annualized yield of 3.2%.
• Wall Street analysts have mixed ratings on Imperial Oil, with one "Buy," five "Hold," and three "Sell" ratings, and an average price target of $105.50.

DRW Securities LLC purchased a new stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 40,700 shares of the energy company's stock, valued at approximately $2,943,000.

A number of other large investors also recently made changes to their positions in IMO. Group One Trading LLC increased its holdings in Imperial Oil by 29.7% during the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company's stock worth $47,000 after buying an additional 173 shares during the last quarter. Gold Investment Management Ltd. boosted its position in Imperial Oil by 0.6% during the first quarter. Gold Investment Management Ltd. now owns 28,082 shares of the energy company's stock worth $2,029,000 after purchasing an additional 178 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Imperial Oil by 88.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the energy company's stock worth $39,000 after purchasing an additional 255 shares during the period. Stephens Inc. AR boosted its position in Imperial Oil by 2.0% during the first quarter. Stephens Inc. AR now owns 14,861 shares of the energy company's stock worth $1,075,000 after purchasing an additional 290 shares during the period. Finally, Wayfinding Financial LLC bought a new position in Imperial Oil during the first quarter worth about $26,000. 20.74% of the stock is owned by institutional investors.

Imperial Oil Trading Down 0.2%

Shares of NYSEAMERICAN:IMO traded down $0.19 during trading on Thursday, reaching $87.46. The company's stock had a trading volume of 402,406 shares, compared to its average volume of 447,978. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. Imperial Oil Limited has a 12 month low of $58.76 and a 12 month high of $91.17. The firm's 50 day simple moving average is $83.95 and its two-hundred day simple moving average is $74.78. The stock has a market capitalization of $44.31 billion, a PE ratio of 13.48 and a beta of 0.94.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Thursday, September 4th will be paid a $0.72 dividend. The ex-dividend date is Thursday, September 4th. This represents a $2.88 dividend on an annualized basis and a yield of 3.3%. This is an increase from Imperial Oil's previous quarterly dividend of $0.52. Imperial Oil's payout ratio is currently 31.87%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IMO shares. Wolfe Research lowered shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 23rd. BMO Capital Markets reiterated an "outperform" rating on shares of Imperial Oil in a research report on Monday, August 4th. Desjardins lowered shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. Raymond James Financial downgraded shares of Imperial Oil from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 3rd. Finally, Tudor Pickering downgraded shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $105.50.

Imperial Oil 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.