Baader Bank Aktiengesellschaft Purchases Shares of 6,507 Imperial Oil Limited $IMO

Baader Bank Aktiengesellschaft acquired a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,507 shares of the energy company’s stock, valued at approximately $852,000.

Several other large investors also recently made changes to their positions in IMO. Root Financial Partners LLC lifted its stake in shares of Imperial Oil by 87.8% in the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock valued at $25,000 after buying an additional 137 shares in the last quarter. McMillan Office Inc. acquired a new position in shares of Imperial Oil during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC increased its position in shares of Imperial Oil by 23.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the energy company’s stock worth $46,000 after acquiring an additional 101 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Imperial Oil by 737.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock worth $46,000 after acquiring an additional 450 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new stake in shares of Imperial Oil in the 3rd quarter worth about $54,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Stock Up 1.2%

IMO opened at $124.22 on Wednesday. The company has a 50 day moving average of $121.68 and a 200 day moving average of $118.44. The company has a market cap of $60.07 billion, a PE ratio of 29.30 and a beta of 0.45. Imperial Oil Limited has a 12 month low of $81.71 and a 12 month high of $139.44. The company has a current ratio of 1.23, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17.

Imperial Oil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Thursday, June 4th were issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, June 4th. Imperial Oil’s dividend payout ratio is currently 38.24%.

Analyst Ratings Changes

A number of equities analysts have issued reports on IMO shares. Scotiabank reaffirmed a “sector perform” rating on shares of Imperial Oil in a report on Friday. Imperial Capital reiterated a “sell” rating on shares of Imperial Oil in a report on Tuesday, June 23rd. TD Securities reissued a “sell” rating on shares of Imperial Oil in a research report on Wednesday, May 13th. Zacks Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Desjardins raised shares of Imperial Oil to a “hold” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $116.00.

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.