Purpose Unlimited Inc. Buys New Position in Imperial Oil Limited $IMO

Purpose Unlimited Inc. purchased a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 11,598 shares of the energy company’s stock, valued at approximately $1,002,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Root Financial Partners LLC grew its position in 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 acquiring an additional 137 shares in the last quarter. McMillan Office Inc. purchased a new stake in shares of Imperial Oil during the fourth quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. lifted 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 purchasing an additional 450 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 purchasing an additional 101 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Imperial Oil in the third quarter valued at $54,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Performance

Shares of IMO stock opened at $112.55 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average of $126.22 and a two-hundred day moving average of $113.91. Imperial Oil Limited has a 52 week low of $77.20 and a 52 week high of $139.44. The company has a market cap of $54.43 billion, a P/E ratio of 26.54 and a beta of 0.43.

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 4th will be given a dividend of $0.87 per share. The ex-dividend date is Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a yield of 3.1%. Imperial Oil’s payout ratio is currently 38.24%.

Analyst Ratings Changes

IMO has been the subject of a number of recent analyst reports. TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a report on Wednesday, May 13th. Royal Bank Of Canada lowered shares of Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a report on Monday, February 23rd. Finally, Zacks Research cut shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Four research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $116.00.

Imperial Oil Company Profile

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.