Yousif Capital Management LLC Purchases Shares of 3,126 Imperial Oil Limited (NYSEAMERICAN:IMO)

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

Other large investors have also added to or reduced their stakes in the company. Group One Trading LLC lifted its position in shares of Imperial Oil by 29.7% during the 4th quarter. Group One Trading LLC now owns 755 shares of the energy company's stock valued at $47,000 after buying an additional 173 shares during the last quarter. AdvisorNet Financial Inc raised its stake in Imperial Oil by 104.0% in the 1st quarter. AdvisorNet Financial Inc now owns 1,275 shares of the energy company's stock valued at $92,000 after acquiring an additional 650 shares during the period. Allworth Financial LP raised its stake in Imperial Oil by 21.0% in the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock valued at $100,000 after acquiring an additional 283 shares during the period. Pacifica Partners Inc. lifted its holdings in Imperial Oil by 141.1% during the first quarter. Pacifica Partners Inc. now owns 2,440 shares of the energy company's stock valued at $167,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Natixis bought a new position in Imperial Oil during the fourth quarter worth about $190,000. Hedge funds and other institutional investors own 20.74% of the company's stock.

Analyst Upgrades and Downgrades

IMO has been the topic of several recent research reports. Scotiabank upgraded Imperial Oil to a "hold" rating in a research report on Wednesday, March 19th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $101.00 price objective on shares of Imperial Oil in a research note on Thursday, April 3rd. Desjardins downgraded Imperial Oil from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 3rd. Raymond James Financial reaffirmed an "outperform" rating on shares of Imperial Oil in a report on Monday, May 5th. 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. Three 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 stock. Based on data from MarketBeat.com, Imperial Oil presently has a consensus rating of "Hold" and a consensus price target of $106.33.

Imperial Oil Price Performance

Shares of IMO stock traded up $1.33 on Wednesday, reaching $80.08. The company's stock had a trading volume of 539,997 shares, compared to its average volume of 455,877. The company has a market capitalization of $40.76 billion, a P/E ratio of 11.97 and a beta of 0.87. Imperial Oil Limited has a 12-month low of $58.76 and a 12-month high of $82.85. The stock's 50 day simple moving average is $72.24 and its 200-day simple moving average is $70.25. The company has a quick ratio of 1.22, a current ratio of 1.48 and a debt-to-equity ratio of 0.16.

Imperial Oil Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 4th will be issued a $0.523 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $2.09 annualized dividend and a dividend yield of 2.61%. This is a boost from Imperial Oil's previous quarterly dividend of $0.50. Imperial Oil's dividend payout ratio (DPR) is presently 31.87%.

Imperial Oil 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.