Imperial Oil Limited $IMO Shares Bought by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in Imperial Oil by 12.4%, acquiring an additional 5,231 shares, bringing its total holdings to 47,552 shares valued at approximately $3.46 million.
• Imperial Oil announced a quarterly dividend increase to $0.72 per share, up from $0.52, representing a 3.3% dividend yield.
• Equity analysts have mixed views on Imperial Oil, with ratings ranging from Strong Buy to Sell, and a consensus price target set at $105.50.

Ashton Thomas Private Wealth LLC raised its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 12.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,552 shares of the energy company's stock after purchasing an additional 5,231 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Imperial Oil were worth $3,463,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Group One Trading LLC grew its position in Imperial Oil by 29.7% in the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company's stock worth $47,000 after acquiring an additional 173 shares in the last quarter. Gold Investment Management Ltd. increased its position in shares of 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 acquiring an additional 178 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Imperial Oil by 88.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the energy company's stock valued at $39,000 after purchasing an additional 255 shares in the last quarter. Stephens Inc. AR increased its holdings in Imperial Oil by 2.0% during the first quarter. Stephens Inc. AR now owns 14,861 shares of the energy company's stock valued at $1,075,000 after buying an additional 290 shares during the period. Finally, Wayfinding Financial LLC purchased a new position in Imperial Oil during the first quarter valued at approximately $26,000. 20.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wolfe Research lowered shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a report on Wednesday, July 23rd. Desjardins lowered shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 3rd. Zacks Research raised shares of Imperial Oil from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Raymond James Financial cut Imperial Oil from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, Tudor Pickering cut Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Imperial Oil presently has an average rating of "Hold" and an average price target of $105.50.

Imperial Oil Trading Down 1.0%

IMO stock traded down $0.93 during trading on Friday, reaching $90.92. 316,736 shares of the stock traded hands, compared to its average volume of 447,055. The business's 50 day moving average price is $84.99 and its 200-day moving average price is $75.74. Imperial Oil Limited has a 52-week low of $58.76 and a 52-week high of $92.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.58 and a quick ratio of 1.34. The firm has a market capitalization of $45.64 billion, a PE ratio of 14.01 and a beta of 0.94.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.72 per share. This is a boost from Imperial Oil's previous quarterly dividend of $0.52. This represents a $2.88 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Thursday, September 4th. Imperial Oil's payout ratio is presently 31.56%.

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.