Ashton Thomas Private Wealth LLC Decreases Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Ashton Thomas Private Wealth LLC decreased its position in Imperial Oil Limited (NYSEAMERICAN:IMOFree Report) (TSE:IMO) by 44.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,819 shares of the energy company’s stock after selling 7,107 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Imperial Oil were worth $610,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AdvisorNet Financial Inc boosted its holdings 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 purchasing an additional 180 shares during the period. Hexagon Capital Partners LLC boosted its stake in Imperial Oil by 84.0% during the first quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock valued at $34,000 after buying an additional 225 shares during the period. Jones Financial Companies Lllp purchased a new position in Imperial Oil during the fourth quarter worth about $44,000. Assetmark Inc. increased its stake in Imperial Oil by 938.5% in the 4th quarter. Assetmark Inc. now owns 810 shares of the energy company’s stock worth $46,000 after acquiring an additional 732 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Imperial Oil by 156.8% in the 4th quarter. CWM LLC now owns 2,011 shares of the energy company’s stock valued at $115,000 after acquiring an additional 1,228 shares in the last quarter. 20.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Get Our Latest Analysis on IMO

Imperial Oil Trading Down 1.2 %

IMO opened at $68.77 on Friday. The stock has a market capitalization of $36.85 billion, a PE ratio of 10.91 and a beta of 1.47. Imperial Oil Limited has a 12 month low of $48.26 and a 12 month high of $74.58. 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:IMOGet Free Report) (TSE:IMO) last announced its quarterly earnings results on Friday, April 26th. The energy company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.10. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $11.61 billion. Imperial Oil had a return on equity of 20.76% and a net margin of 9.46%. On average, equities analysts forecast that Imperial Oil Limited will post 6.29 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were given a dividend of $0.4377 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.75 annualized dividend and a yield of 2.55%. Imperial Oil’s payout ratio is currently 27.59%.

About Imperial Oil

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Imperial Oil (NYSEAMERICAN:IMO)

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