Twinbeech Capital LP acquired a new position in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,724 shares of the energy company's stock, valued at approximately $845,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Signaturefd LLC increased its stake in shares of Imperial Oil by 2.0% in the 4th quarter. Signaturefd LLC now owns 7,648 shares of the energy company's stock worth $471,000 after purchasing an additional 150 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Imperial Oil by 4.3% in the 4th quarter. Sequoia Financial Advisors LLC now owns 3,916 shares of the energy company's stock worth $241,000 after purchasing an additional 163 shares in the last quarter. Group One Trading LLC increased its stake in shares of Imperial Oil by 29.7% in the 4th quarter. Group One Trading LLC now owns 755 shares of the energy company's stock worth $47,000 after purchasing an additional 173 shares in the last quarter. Gold Investment Management Ltd. boosted its holdings in Imperial Oil by 0.7% in the 4th quarter. Gold Investment Management Ltd. now owns 27,904 shares of the energy company's stock worth $1,719,000 after buying an additional 186 shares during the period. Finally, OLD National Bancorp IN boosted its holdings in Imperial Oil by 5.0% in the 4th quarter. OLD National Bancorp IN now owns 3,920 shares of the energy company's stock worth $241,000 after buying an additional 187 shares during the period. 20.74% of the stock is currently owned by hedge funds and other institutional investors.
Imperial Oil Price Performance
Shares of IMO traded up $0.32 during midday trading on Tuesday, hitting $72.01. 88,768 shares of the company traded hands, compared to its average volume of 450,092. The firm has a 50 day moving average of $68.45 and a 200-day moving average of $69.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34. The stock has a market cap of $36.66 billion, a price-to-earnings ratio of 10.91 and a beta of 1.44. Imperial Oil Limited has a 52 week low of $58.76 and a 52 week high of $80.17.
Imperial Oil Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.523 per share. This represents a $2.09 annualized dividend and a dividend yield of 2.90%. This is a boost from Imperial Oil's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, June 4th. Imperial Oil's dividend payout ratio is currently 25.80%.
Analyst Ratings Changes
IMO has been the subject of several recent analyst reports. Raymond James reaffirmed an "outperform" rating on shares of Imperial Oil in a report on Monday, May 5th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $101.00 target price on shares of Imperial Oil in a report on Thursday, April 3rd. Scotiabank raised shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Wolfe Research raised shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a report on Monday, April 21st. Finally, The Goldman Sachs Group downgraded shares of Imperial Oil from a "neutral" rating to a "sell" rating in a report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $106.33.
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About Imperial Oil
(
Free Report)
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.
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