Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Purchased by Gold Investment Management Ltd.

Gold Investment Management Ltd. lifted its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,365 shares of the energy company’s stock after acquiring an additional 819 shares during the quarter. Gold Investment Management Ltd.’s holdings in Imperial Oil were worth $1,888,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. AdvisorNet Financial Inc grew its stake in Imperial Oil by 52.6% during the 4th quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company’s stock valued at $30,000 after acquiring an additional 180 shares in the last quarter. Hexagon Capital Partners LLC raised its position in Imperial Oil by 84.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock valued at $34,000 after purchasing an additional 225 shares during the last quarter. Clarius Group LLC lifted its position in shares of Imperial Oil by 6.0% during the fourth quarter. Clarius Group LLC now owns 7,104 shares of the energy company’s stock worth $406,000 after purchasing an additional 402 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in Imperial Oil by 3.3% in the fourth quarter. Natixis Advisors L.P. now owns 12,894 shares of the energy company’s stock valued at $737,000 after acquiring an additional 409 shares during the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of Imperial Oil by 8.6% during the 4th quarter. CoreCap Advisors LLC now owns 5,322 shares of the energy company’s stock valued at $304,000 after acquiring an additional 420 shares during the last quarter. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on IMO. Raymond James raised shares of Imperial Oil to a “hold” rating in a research note on Tuesday, May 28th. StockNews.com lowered shares of Imperial Oil from a “buy” rating to a “hold” rating in a report on Monday, July 1st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $85.33.

Imperial Oil Stock Up 2.0 %

IMO traded up $1.34 during trading on Wednesday, hitting $69.02. The company’s stock had a trading volume of 251,334 shares, compared to its average volume of 393,612. Imperial Oil Limited has a one year low of $48.26 and a one year high of $74.58. The company has a market capitalization of $36.98 billion, a PE ratio of 10.82 and a beta of 1.47. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings results on Friday, April 26th. The energy company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.10. Imperial Oil had a net margin of 9.46% and a return on equity of 20.76%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $11.61 billion. As a group, equities analysts forecast that Imperial Oil Limited will post 6.29 EPS for the current year.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were paid a dividend of $0.4377 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.54%. Imperial Oil’s payout ratio is currently 27.59%.

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.