Imperial Petroleum Inc. (NASDAQ:IMPP) Stock Holdings Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its holdings in Imperial Petroleum Inc. (NASDAQ:IMPP - Free Report) by 207.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 166,500 shares of the company's stock after purchasing an additional 112,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.56% of Imperial Petroleum worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Towerview LLC increased its position 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. Hedge funds and other institutional investors own 94.44% of the company's stock.

Imperial Petroleum Price Performance

Imperial Petroleum stock traded down $0.05 during midday trading on Tuesday, hitting $2.61. 74,865 shares of the company were exchanged, compared to its average volume of 255,106. The company has a market cap of $77.81 million, a PE ratio of 1.83 and a beta of 1.07. Imperial Petroleum Inc. has a fifty-two week low of $2.12 and a fifty-two week high of $4.59. The company's fifty day moving average price is $2.46 and its 200-day moving average price is $2.89.

Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.12 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 during 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.