Imperial Oil Limited (NYSEAMERICAN:IMO) Short Interest Update

Imperial Oil Limited (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 17,330,000 shares, an increase of 6.1% from the March 15th total of 16,340,000 shares. Approximately 10.6% of the shares of the company are short sold. Based on an average daily volume of 424,600 shares, the days-to-cover ratio is presently 40.8 days.

Institutional Investors Weigh In On Imperial Oil

Several institutional investors and hedge funds have recently bought and sold shares of the business. AdvisorNet Financial Inc lifted its stake in shares of Imperial Oil by 52.6% in the 4th quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company's stock valued at $30,000 after purchasing an additional 180 shares during the period. BNP Paribas Arbitrage SNC purchased a new position in shares of Imperial Oil in the 3rd quarter valued at approximately $35,000. Jones Financial Companies Lllp purchased a new position in shares of Imperial Oil in the 4th quarter valued at approximately $44,000. Assetmark Inc. lifted its stake in shares of Imperial Oil by 938.5% in the 4th quarter. Assetmark Inc. now owns 810 shares of the energy company's stock valued at $46,000 after purchasing an additional 732 shares during the period. Finally, Allworth Financial LP raised its stake in Imperial Oil by 176.6% during the third quarter. Allworth Financial LP now owns 888 shares of the energy company's stock valued at $55,000 after buying an additional 567 shares during the last quarter. Hedge funds and other institutional investors own 20.74% of the company's stock.

Imperial Oil Price Performance

Imperial Oil stock traded up $1.03 during midday trading on Tuesday, hitting $69.61. 367,420 shares of the company's stock were exchanged, compared to its average volume of 427,610. Imperial Oil has a 52-week low of $44.46 and a 52-week high of $74.58. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. The stock has a market cap of $37.30 billion, a price-to-earnings ratio of 11.03 and a beta of 1.48.

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last posted its quarterly earnings data on Friday, February 2nd. The energy company reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.55 by $0.26. Imperial Oil had a return on equity of 20.92% and a net margin of 9.59%. The firm had revenue of $9.63 billion during the quarter, compared to analysts' expectations of $12.29 billion. On average, research analysts forecast that Imperial Oil will post 6.07 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a dividend of $0.4473 per share. This represents a $1.79 annualized dividend and a yield of 2.57%. This is a positive change from Imperial Oil's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, March 1st. Imperial Oil's dividend payout ratio (DPR) is presently 28.05%.

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.