Westerkirk Capital Inc. Invests $852,000 in Imperial Oil Limited $IMO

Westerkirk Capital Inc. purchased a new stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,720 shares of the energy company’s stock, valued at approximately $852,000.

A number of other large investors have also recently modified their holdings of the company. IMG Wealth Management Inc. purchased a new position in shares of Imperial Oil during the second quarter valued at $28,000. MAI Capital Management increased its position in Imperial Oil by 2,275.0% during the 2nd quarter. MAI Capital Management now owns 380 shares of the energy company’s stock valued at $30,000 after purchasing an additional 364 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Imperial Oil by 88.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 543 shares of the energy company’s stock worth $39,000 after purchasing an additional 255 shares during the period. Banque Transatlantique SA bought a new position in shares of Imperial Oil during the first quarter valued at approximately $87,000. Finally, Lingohr Asset Management GmbH bought a new position in shares of Imperial Oil during the second quarter valued at approximately $204,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Wall Street Analyst Weigh In

IMO has been the subject of a number of analyst reports. Zacks Research lowered Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Cibc World Mkts lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. Royal Bank Of Canada restated a “sector perform” rating on shares of Imperial Oil in a research note on Wednesday, November 5th. Finally, TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $115.00.

Imperial Oil Stock Performance

Shares of IMO stock opened at $94.94 on Wednesday. Imperial Oil Limited has a 12-month low of $58.76 and a 12-month high of $101.01. The business’s fifty day simple moving average is $92.38 and its 200-day simple moving average is $85.99. The company has a current ratio of 1.58, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. The company has a market cap of $47.17 billion, a PE ratio of 14.63 and a beta of 0.83.

Imperial Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Wednesday, December 3rd will be paid a $0.72 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $2.88 dividend on an annualized basis and a yield of 3.0%. Imperial Oil’s dividend payout ratio (DPR) is 31.87%.

Imperial Oil Company 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.