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

Key Points

• Ashton Thomas Private Wealth LLC raised its stake in Imperial Oil by 72.9% in Q4, buying 17,643 shares to hold 41,858 shares worth about $3.63 million.
• Imperial Oil raised its quarterly dividend to $0.87 (annualized $3.48), up from $0.72, implying a yield of roughly 2.8% and a payout ratio near 38.7%.
• Analysts have a consensus rating of Reduce with a $116 target, with coverage split as 1 Strong Buy, 3 Hold and 5 Sell.

Ashton Thomas Private Wealth LLC boosted its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 72.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,858 shares of the energy company's stock after buying an additional 17,643 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Imperial Oil were worth $3,625,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Westside Investment Management Inc. raised its holdings in shares of Imperial Oil by 100.0% in the 3rd 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 in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Imperial Oil by 64.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company's stock valued at $40,000 after purchasing an additional 169 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Imperial Oil by 737.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company's stock valued at $46,000 after purchasing an additional 450 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Imperial Oil in the 3rd quarter valued at $54,000. Finally, Assetmark Inc. raised its holdings in shares of Imperial Oil by 209.5% in the 4th quarter. Assetmark Inc. now owns 653 shares of the energy company's stock valued at $56,000 after purchasing an additional 442 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Trading Up 1.2%

NYSEAMERICAN IMO opened at $125.89 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.27 and a quick ratio of 0.94. The firm's fifty day moving average price is $124.19 and its 200 day moving average price is $105.27. The company has a market capitalization of $60.88 billion, a price-to-earnings ratio of 27.49 and a beta of 0.58. Imperial Oil Limited has a 12 month low of $66.46 and a 12 month high of $133.37.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Thursday, March 5th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, March 5th. This is an increase from Imperial Oil's previous quarterly dividend of $0.72. Imperial Oil's payout ratio is 38.69%.

Analyst Ratings Changes

IMO has been the topic of a number of analyst reports. Royal Bank Of Canada lowered shares of Imperial Oil from a "sector perform" rating to an "underperform" rating and set a $116.00 price objective on the stock. in a report on Monday, February 23rd. TD Securities restated a "sell" rating on shares of Imperial Oil in a report on Monday, February 23rd. Finally, Zacks Research upgraded shares of Imperial Oil from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $116.00.

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.

Want to see what other hedge funds are holding IMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.