Wexford Capital LP raised its stake in Imperial Petroleum Inc. (NASDAQ:IMPP - Free Report) by 91.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 598,473 shares of the company's stock after buying an additional 286,272 shares during the quarter. Wexford Capital LP owned 2.01% of Imperial Petroleum worth $1,801,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in Imperial Petroleum by 207.2% in the fourth quarter. Renaissance Technologies LLC now owns 166,500 shares of the company's stock valued at $501,000 after buying an additional 112,300 shares during the period. Deuterium Capital Management LLC lifted its stake in Imperial Petroleum by 43.6% in the fourth quarter. Deuterium Capital Management LLC now owns 1,393,770 shares of the company's stock valued at $4,195,000 after buying an additional 423,183 shares during the period. Towerview LLC increased its holdings in shares of Imperial Petroleum by 51.6% in the fourth quarter. Towerview LLC now owns 360,000 shares of the company's stock worth $1,084,000 after acquiring an additional 122,510 shares in the last quarter. PEAK6 LLC bought a new stake in shares of Imperial Petroleum in the fourth quarter worth about $104,000. Finally, Walleye Capital LLC bought a new stake in shares of Imperial Petroleum in the fourth quarter worth about $75,000. Institutional investors and hedge funds own 94.44% of the company's stock.
Imperial Petroleum Price Performance
Shares of Imperial Petroleum stock traded up $0.30 during trading hours on Friday, hitting $2.78. The company's stock had a trading volume of 716,202 shares, compared to its average volume of 225,707. Imperial Petroleum Inc. has a 12 month low of $2.12 and a 12 month high of $4.55. The stock has a 50 day moving average of $2.51 and a 200 day moving average of $2.80. The company has a market capitalization of $82.88 million, a PE ratio of 1.94 and a beta of 1.07.
Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last posted its quarterly earnings data on Friday, May 23rd. The company reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $32.09 million during the quarter. Imperial Petroleum had a return on equity of 17.50% and a net margin of 34.01%.
Imperial Petroleum Profile
(
Free Report)
Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.
Featured Articles
Before you consider Imperial Petroleum, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Imperial Petroleum wasn't on the list.
While Imperial Petroleum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
