Signaturefd LLC Has $528,000 Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Signaturefd LLC raised its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 10.4% during the third quarter, HoldingsChannel.com reports. The firm owned 7,498 shares of the energy company’s stock after acquiring an additional 706 shares during the quarter. Signaturefd LLC’s holdings in Imperial Oil were worth $528,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. RFP Financial Group LLC bought a new stake in shares of Imperial Oil in the 2nd quarter valued at about $25,000. Hexagon Capital Partners LLC increased its stake in shares of Imperial Oil by 84.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock valued at $34,000 after acquiring an additional 225 shares during the last quarter. Grove Bank & Trust increased its stake in shares of Imperial Oil by 438.0% in the 3rd quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock valued at $38,000 after acquiring an additional 438 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Imperial Oil in the 1st quarter valued at about $46,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Imperial Oil in the 3rd quarter valued at about $101,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on IMO shares. StockNews.com cut Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Wolfe Research assumed coverage on Imperial Oil in a research note on Thursday, July 18th. They set an “outperform” rating and a $108.00 target price for the company. Finally, Scotiabank reissued a “sector perform” rating and set a $110.00 target price on shares of Imperial Oil in a research note on Wednesday, September 25th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $99.50.

Imperial Oil Price Performance

NYSEAMERICAN IMO opened at $76.13 on Friday. The company has a market capitalization of $40.23 billion, a PE ratio of 10.85 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.40 and a quick ratio of 1.16. Imperial Oil Limited has a 12 month low of $52.97 and a 12 month high of $80.17.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its quarterly earnings data on Friday, August 2nd. The energy company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.43 by $0.11. The company had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $10.50 billion. Imperial Oil had a return on equity of 22.73% and a net margin of 10.05%. As a group, equities analysts expect that Imperial Oil Limited will post 6.14 earnings per share for the current year.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Wednesday, September 4th were issued a $0.4336 dividend. This represents a $1.73 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Wednesday, September 4th. Imperial Oil’s payout ratio is presently 25.21%.

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.