NewEdge Wealth LLC Buys 11,717 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

NewEdge Wealth LLC increased its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 67.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,218 shares of the energy company's stock after buying an additional 11,717 shares during the quarter. NewEdge Wealth LLC's holdings in Imperial Oil were worth $1,671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc increased its stake in 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 buying an additional 180 shares during the last quarter. BNP Paribas Arbitrage SNC purchased a new stake in shares of Imperial Oil during the third quarter valued at approximately $35,000. Allworth Financial LP lifted its holdings in Imperial Oil by 176.6% during the third quarter. Allworth Financial LP now owns 888 shares of the energy company's stock worth $55,000 after acquiring an additional 567 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Imperial Oil by 229.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,724 shares of the energy company's stock worth $84,000 after purchasing an additional 1,200 shares during the last quarter. Finally, State of Wyoming boosted its position in Imperial Oil by 21.7% in the second quarter. State of Wyoming now owns 2,900 shares of the energy company's stock worth $148,000 after purchasing an additional 517 shares during the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.

Imperial Oil Stock Down 1.9 %

Shares of Imperial Oil stock traded down $1.35 on Monday, reaching $68.58. 351,346 shares of the company traded hands, compared to its average volume of 428,316. The company has a quick ratio of 0.96, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. Imperial Oil Limited has a 52 week low of $44.46 and a 52 week high of $74.58. The company has a market capitalization of $36.75 billion, a P/E ratio of 10.93 and a beta of 1.48.

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last posted its quarterly earnings results on Friday, February 2nd. The energy company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.26. Imperial Oil had a return on equity of 20.92% and a net margin of 9.59%. The company had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $12.29 billion. As a group, equities analysts predict that Imperial Oil Limited will post 6.07 EPS for the current year.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a dividend of $0.4473 per share. This is a boost from Imperial Oil's previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. This represents a $1.79 dividend on an annualized basis and a yield of 2.61%. Imperial Oil's dividend payout ratio is 28.05%.

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.