IFG Advisory LLC Has $2.33 Million Stock Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Key Points

• IFG Advisory LLC increased its stake in Imperial Oil Limited by 16.6%, owning 32,223 shares after purchasing an additional 4,581 shares, valued at approximately $2,330,000.
• Imperial Oil recently announced a quarterly dividend of $0.523 per share, marking an increase from its prior dividend of $0.50, and reflecting an annualized yield of 2.5%.
• Several analysts have downgraded Imperial Oil's stock ratings, with current consensus indicating a rating of "Hold" and an average target price of $105.50.

IFG Advisory LLC raised its stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 16.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,223 shares of the energy company's stock after acquiring an additional 4,581 shares during the quarter. IFG Advisory LLC's holdings in Imperial Oil were worth $2,330,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new stake in shares of Imperial Oil in the first quarter worth about $26,000. Group One Trading LLC raised its stake in Imperial Oil by 29.7% during the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company's stock valued at $47,000 after buying an additional 173 shares in the last quarter. Continuum Advisory LLC acquired a new stake in Imperial Oil during the first quarter valued at approximately $71,000. AdvisorNet Financial Inc raised its stake in Imperial Oil by 104.0% during the first quarter. AdvisorNet Financial Inc now owns 1,275 shares of the energy company's stock valued at $92,000 after buying an additional 650 shares in the last quarter. Finally, Pacifica Partners Inc. grew its stake in Imperial Oil by 141.1% during the 1st quarter. Pacifica Partners Inc. now owns 2,440 shares of the energy company's stock worth $167,000 after buying an additional 1,428 shares during the last quarter. 20.74% of the stock is owned by institutional investors and hedge funds.

Imperial Oil Trading Up 0.4%

IMO stock traded up $0.34 during trading on Thursday, hitting $85.87. The company had a trading volume of 31,963 shares, compared to its average volume of 459,316. The firm has a 50-day moving average price of $80.25 and a 200-day moving average price of $71.83. The stock has a market cap of $43.71 billion, a price-to-earnings ratio of 13.22 and a beta of 0.92. Imperial Oil Limited has a 12 month low of $58.76 and a 12 month high of $86.91. The company has a quick ratio of 1.22, a current ratio of 1.58 and a debt-to-equity ratio of 0.16.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IMO. Tudor Pickering lowered Imperial Oil from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Wolfe Research lowered Imperial Oil from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 23rd. BMO Capital Markets reissued an "outperform" rating on shares of Imperial Oil in a research note on Monday. Desjardins lowered Imperial Oil from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 3rd. Finally, Raymond James Financial lowered Imperial Oil from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 3rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Imperial Oil has an average rating of "Hold" and an average price target of $105.50.

About Imperial Oil

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.