Yousif Capital Management LLC Buys New Shares in Imperial Oil Limited (NYSEAMERICAN:IMO)

Yousif Capital Management LLC purchased a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,126 shares of the energy company's stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Signaturefd LLC increased its holdings in Imperial Oil by 2.0% in the 4th quarter. Signaturefd LLC now owns 7,648 shares of the energy company's stock valued at $471,000 after buying an additional 150 shares during the period. Sequoia Financial Advisors LLC grew its holdings 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 during the last quarter. Group One Trading LLC grew its holdings 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 during the last quarter. Gold Investment Management Ltd. grew its holdings in shares of 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 purchasing an additional 186 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Imperial Oil by 21.0% in the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock worth $100,000 after purchasing an additional 283 shares during the last quarter. Institutional investors own 20.74% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. 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. Raymond James Financial reiterated an "outperform" rating on shares of Imperial Oil in a research report on Monday, May 5th. Desjardins downgraded shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. Wolfe Research upgraded shares of Imperial Oil from a "peer perform" rating to an "outperform" rating in a research 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 research report on Thursday, March 27th. Three equities research 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's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $106.33.

Imperial Oil Trading Down 0.1%

Shares of NYSEAMERICAN:IMO traded down $0.09 during mid-day trading on Friday, reaching $81.03. The stock had a trading volume of 774,993 shares, compared to its average volume of 455,795. The firm has a market cap of $41.25 billion, a PE ratio of 12.11 and a beta of 0.87. The firm has a 50 day simple moving average of $71.54 and a two-hundred day simple moving average of $70.21. The company has a current ratio of 1.48, a quick ratio of 1.22 and a debt-to-equity ratio of 0.16. Imperial Oil Limited has a twelve month low of $58.76 and a twelve month high of $82.85.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.523 per share. This is a boost from Imperial Oil's previous quarterly dividend of $0.50. This represents a $2.09 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Wednesday, June 4th. Imperial Oil's dividend payout ratio (DPR) is currently 31.87%.

Imperial Oil Company Profile

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.