Imperial Oil Limited (NYSEAMERICAN:IMO) Position Boosted by Raymond James & Associates

Raymond James & Associates lifted its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 45.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,667 shares of the energy company’s stock after purchasing an additional 9,271 shares during the quarter. Raymond James & Associates’ holdings in Imperial Oil were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC purchased a new position in Imperial Oil during the first quarter valued at approximately $241,000. Natixis Advisors L.P. grew its position in Imperial Oil by 3.8% during the first quarter. Natixis Advisors L.P. now owns 24,345 shares of the energy company’s stock valued at $1,176,000 after purchasing an additional 895 shares in the last quarter. BlackRock Inc. grew its position in Imperial Oil by 3.7% during the first quarter. BlackRock Inc. now owns 316,626 shares of the energy company’s stock valued at $15,299,000 after purchasing an additional 11,431 shares in the last quarter. Yousif Capital Management LLC purchased a new position in Imperial Oil during the first quarter valued at approximately $533,000. Finally, Canada Pension Plan Investment Board purchased a new position in Imperial Oil during the first quarter valued at approximately $799,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Price Performance

IMO stock opened at $69.25 on Thursday. 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 company has a market capitalization of $37.11 billion, a price-to-earnings ratio of 10.97 and a beta of 1.48. Imperial Oil Limited has a 12 month low of $44.46 and a 12 month high of $74.58.

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

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a $0.4473 dividend. This represents a $1.79 annualized dividend and a yield of 2.58%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. Imperial Oil’s payout ratio is currently 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.