Yousif Capital Management LLC Purchases New Shares in Imperial Oil Limited (NYSEAMERICAN:IMO)

Yousif Capital Management LLC purchased a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,126 shares of the energy company’s stock, valued at approximately $226,000.

A number of other institutional investors have also made changes to their positions in IMO. Group One Trading LLC raised its holdings in Imperial Oil by 29.7% during the 4th quarter. Group One Trading LLC now owns 755 shares of the energy company’s stock worth $47,000 after purchasing an additional 173 shares during the last quarter. GAMMA Investing LLC raised its holdings in Imperial Oil by 7,136.4% during the 1st quarter. GAMMA Investing LLC now owns 796 shares of the energy company’s stock worth $580,000 after purchasing an additional 785 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in Imperial Oil by 104.0% during the 1st quarter. AdvisorNet Financial Inc now owns 1,275 shares of the energy company’s stock worth $92,000 after purchasing an additional 650 shares during the last quarter. Allworth Financial LP grew its position in shares of Imperial Oil by 21.0% during the 4th quarter. Allworth Financial LP now owns 1,630 shares of the energy company’s stock worth $100,000 after buying an additional 283 shares during the period. Finally, Pacifica Partners Inc. grew its position in shares of Imperial Oil by 141.1% during the 1st quarter. Pacifica Partners Inc. now owns 2,440 shares of the energy company’s stock worth $167,000 after buying an additional 1,428 shares during the period. 20.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Scotiabank upgraded Imperial Oil to a “hold” rating in a research report on Wednesday, March 19th. The Goldman Sachs Group lowered Imperial Oil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 27th. Royal Bank Of Canada restated a “sector perform” rating and set a $101.00 target price on shares of Imperial Oil in a research report on Thursday, April 3rd. Wolfe Research upgraded Imperial Oil from a “peer perform” rating to an “outperform” rating in a research report on Monday, April 21st. Finally, Desjardins lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 3rd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $106.33.

Imperial Oil Price Performance

Shares of IMO opened at $81.03 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.22 and a current ratio of 1.48. The stock has a 50 day simple moving average of $71.54 and a 200 day simple moving average of $70.25. Imperial Oil Limited has a 52-week low of $58.76 and a 52-week high of $82.85. The firm has a market capitalization of $41.25 billion, a PE ratio of 12.11 and a beta of 0.87.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Wednesday, June 4th will be paid a $0.523 dividend. This is a boost from Imperial Oil’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $2.09 annualized dividend and a yield of 2.58%. Imperial Oil’s payout ratio is presently 31.87%.

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.