Wexford Capital LP Acquires 286,272 Shares of Imperial Petroleum Inc. (NASDAQ:IMPP)

Wexford Capital LP lifted its position in shares of Imperial Petroleum Inc. (NASDAQ:IMPP - Free Report) by 91.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 598,473 shares of the company's stock after buying an additional 286,272 shares during the period. Wexford Capital LP owned about 2.01% of Imperial Petroleum worth $1,801,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of Imperial Petroleum by 36.2% during the 4th quarter. Bank of America Corp DE now owns 55,785 shares of the company's stock valued at $168,000 after buying an additional 14,822 shares in the last quarter. Walleye Capital LLC purchased a new position in shares of Imperial Petroleum during the 4th quarter valued at about $75,000. PEAK6 LLC purchased a new position in shares of Imperial Petroleum during the 4th quarter valued at about $104,000. Marshall Wace LLP purchased a new position in shares of Imperial Petroleum during the 4th quarter valued at about $178,000. Finally, Renaissance Technologies LLC lifted its position 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 purchasing an additional 112,300 shares during the last quarter. 94.44% of the stock is owned by hedge funds and other institutional investors.

Imperial Petroleum Stock Performance

Shares of IMPP stock opened at $2.51 on Monday. Imperial Petroleum Inc. has a fifty-two week low of $2.12 and a fifty-two week high of $4.59. The stock has a 50 day moving average price of $2.50 and a two-hundred day moving average price of $2.83. The company has a market capitalization of $74.83 million, a P/E ratio of 1.76 and a beta of 1.07.

Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.12 earnings per share (EPS) for the quarter. Imperial Petroleum had a return on equity of 17.50% and a net margin of 34.01%. The firm had revenue of $26.21 million for the quarter.

Imperial Petroleum Company Profile

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.

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