30,515 Shares in Imperial Oil Limited (NYSEAMERICAN:IMO) Acquired by Cerity Partners LLC

Cerity Partners LLC bought a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the 4th quarter, HoldingsChannel.com reports. The fund bought 30,515 shares of the energy company’s stock, valued at approximately $1,745,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. AdvisorNet Financial Inc increased its stake in Imperial Oil by 52.6% during the fourth quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company’s stock worth $30,000 after acquiring an additional 180 shares during the last quarter. HighTower Advisors LLC increased its stake in Imperial Oil by 2.6% during the first quarter. HighTower Advisors LLC now owns 9,154 shares of the energy company’s stock worth $464,000 after acquiring an additional 236 shares during the last quarter. Sigma Planning Corp increased its stake in Imperial Oil by 3.0% during the third quarter. Sigma Planning Corp now owns 8,450 shares of the energy company’s stock worth $520,000 after acquiring an additional 246 shares during the last quarter. AXA S.A. boosted its position in shares of Imperial Oil by 5.0% during the first quarter. AXA S.A. now owns 5,684 shares of the energy company’s stock worth $289,000 after buying an additional 269 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Imperial Oil by 3.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,313 shares of the energy company’s stock worth $635,000 after buying an additional 324 shares during the period. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Stock Performance

IMO opened at $69.52 on Friday. Imperial Oil Limited has a 52 week low of $44.46 and a 52 week high of $74.58. The firm has a market cap of $37.25 billion, a PE ratio of 11.02 and a beta of 1.48. 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 (NYSEAMERICAN:IMO) (TSE:IMO) last released its quarterly 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. Imperial Oil had a return on equity of 20.92% and a net margin of 9.59%. The business had revenue of $9.63 billion during the quarter, compared to analyst estimates of $12.29 billion. On average, equities analysts forecast that Imperial Oil Limited will post 6.07 EPS for the current year.

Imperial Oil Increases Dividend

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