Imperial Petroleum Inc. (NASDAQ:IMPP - Get Free Report) shares were down 3.9% during trading on Monday . The company traded as low as $2.98 and last traded at $2.98. Approximately 172,150 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 230,470 shares. The stock had previously closed at $3.10.
Imperial Petroleum Stock Up 1.0%
The stock has a market cap of $93.61 million, a PE ratio of 2.55 and a beta of 1.13. The business has a 50 day moving average price of $2.96 and a 200 day moving average price of $2.79.
Imperial Petroleum (NASDAQ:IMPP - Get Free Report) last issued its earnings results on Friday, May 23rd. The company reported $0.34 EPS for the quarter. Imperial Petroleum had a return on equity of 17.55% and a net margin of 32.37%. The firm had revenue of $32.09 million for the quarter.
Institutional Trading of Imperial Petroleum
A number of hedge funds have recently modified their holdings of the stock. Wexford Capital LP raised its holdings in Imperial Petroleum by 91.7% in the 4th quarter. Wexford Capital LP now owns 598,473 shares of the company's stock worth $1,801,000 after purchasing an additional 286,272 shares during the period. Deuterium Capital Management LLC raised its holdings in shares of Imperial Petroleum by 11.5% during the first quarter. Deuterium Capital Management LLC now owns 1,553,450 shares of the company's stock valued at $3,806,000 after acquiring an additional 159,680 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Imperial Petroleum by 207.2% during the fourth quarter. Renaissance Technologies LLC now owns 166,500 shares of the company's stock valued at $501,000 after acquiring an additional 112,300 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Imperial Petroleum during the fourth quarter valued at approximately $178,000. Finally, Towerview LLC raised its holdings in shares of Imperial Petroleum by 15.3% during the first quarter. Towerview LLC now owns 415,000 shares of the company's stock valued at $1,017,000 after acquiring an additional 55,000 shares during the last quarter. Hedge funds and other institutional investors own 94.44% of the company's stock.
Imperial Petroleum Company Profile
(
Get 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.
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