Caprock Group LLC Purchases New Position in Imperial Oil Limited $IMO

Caprock Group LLC acquired a new position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,400 shares of the energy company’s stock, valued at approximately $1,852,000.

Several other large investors have also bought and sold shares of IMO. AQR Capital Management LLC raised its position in shares of Imperial Oil by 5.0% in the 1st quarter. AQR Capital Management LLC now owns 34,218 shares of the energy company’s stock worth $2,475,000 after acquiring an additional 1,627 shares in the last quarter. NewEdge Advisors LLC grew its stake in Imperial Oil by 54.7% in the first quarter. NewEdge Advisors LLC now owns 11,887 shares of the energy company’s stock worth $860,000 after purchasing an additional 4,201 shares during the period. Focus Partners Wealth bought a new position in Imperial Oil in the first quarter worth $200,000. Vanguard Personalized Indexing Management LLC raised its holdings in Imperial Oil by 12.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,304 shares of the energy company’s stock worth $1,693,000 after purchasing an additional 2,410 shares in the last quarter. Finally, Generali Asset Management SPA SGR lifted its position in Imperial Oil by 27.0% during the second quarter. Generali Asset Management SPA SGR now owns 22,579 shares of the energy company’s stock valued at $1,795,000 after buying an additional 4,800 shares during the period. 20.74% of the stock is owned by institutional investors.

Imperial Oil Trading Up 2.9%

Shares of NYSEAMERICAN:IMO opened at $119.76 on Friday. The stock’s fifty day moving average price is $96.18 and its 200-day moving average price is $92.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.17. The company has a market cap of $57.91 billion, a P/E ratio of 26.15 and a beta of 0.70. Imperial Oil Limited has a 1 year low of $58.76 and a 1 year high of $120.02.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Thursday, March 5th will be issued a $0.87 dividend. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.72. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Thursday, March 5th. Imperial Oil’s dividend payout ratio is currently 31.26%.

Analyst Ratings Changes

A number of research firms have recently weighed in on IMO. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Imperial Oil in a research report on Wednesday, November 5th. Raymond James Financial lowered shares of Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. TD Securities restated a “sell” rating on shares of Imperial Oil in a research note on Tuesday, November 4th. Finally, BMO Capital Markets cut Imperial Oil from an “outperform” rating to a “market perform” rating in a research note on Monday, December 15th. Six analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $115.00.

About Imperial Oil

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.