Signaturefd LLC Raises Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Signaturefd LLC grew its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 4.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,792 shares of the energy company’s stock after acquiring an additional 284 shares during the period. Signaturefd LLC’s holdings in Imperial Oil were worth $464,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. RFP Financial Group LLC bought a new position in shares of Imperial Oil in the 2nd quarter worth about $25,000. Hexagon Capital Partners LLC increased its stake in shares of 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 purchasing an additional 225 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Imperial Oil during the fourth quarter valued at approximately $44,000. Assetmark Inc. boosted its position in shares of 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 purchasing an additional 732 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Imperial Oil in the 1st quarter worth approximately $46,000. Institutional investors own 20.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on IMO shares. Scotiabank lowered their price objective on Imperial Oil from $111.00 to $110.00 and set a “sector outperform” rating for the company in a research note on Friday, July 12th. StockNews.com lowered Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday. Wolfe Research began coverage on shares of Imperial Oil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $108.00 price target on the stock. Finally, Raymond James upgraded shares of Imperial Oil to a “hold” rating in a research note on Tuesday, May 28th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Imperial Oil presently has an average rating of “Hold” and an average price target of $99.50.

Imperial Oil Price Performance

Shares of NYSEAMERICAN:IMO opened at $75.23 on Friday. The stock has a market capitalization of $40.31 billion, a price-to-earnings ratio of 11.79 and a beta of 1.47. Imperial Oil Limited has a 52-week low of $52.97 and a 52-week high of $77.70. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.34.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its quarterly earnings data on Friday, August 2nd. The energy company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.11. Imperial Oil had a net margin of 9.46% and a return on equity of 20.76%. The company had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $10.50 billion. Equities analysts anticipate that Imperial Oil Limited will post 6.22 earnings per share for the current year.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 4th will be given a dividend of $0.4336 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 2.31%. Imperial Oil’s payout ratio is currently 27.59%.

About Imperial Oil

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.