Radnor Capital Management LLC Invests $314,000 in Imperial Oil Limited (NYSEAMERICAN:IMO)

Radnor Capital Management LLC acquired a new position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,456 shares of the energy company’s stock, valued at approximately $314,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IMO. RFP Financial Group LLC purchased a new stake in shares of Imperial Oil in the second quarter worth $25,000. Grove Bank & Trust increased its stake in shares of Imperial Oil by 438.0% in the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock worth $38,000 after purchasing an additional 438 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Imperial Oil in the first quarter worth $46,000. Hexagon Capital Partners LLC increased its stake in shares of Imperial Oil by 45.6% in the second quarter. Hexagon Capital Partners LLC now owns 718 shares of the energy company’s stock worth $49,000 after purchasing an additional 225 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Imperial Oil by 21.0% during the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock valued at $95,000 after acquiring an additional 234 shares in the last quarter. 20.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IMO. Scotiabank reaffirmed a “sector perform” rating and set a $110.00 target price on shares of Imperial Oil in a research note on Wednesday, September 25th. Wolfe Research began coverage on shares of 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, StockNews.com cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Imperial Oil presently has an average rating of “Hold” and a consensus price target of $109.00.

Imperial Oil Price Performance

Shares of NYSEAMERICAN:IMO opened at $73.98 on Friday. Imperial Oil Limited has a 52 week low of $52.97 and a 52 week high of $80.17. The firm has a market capitalization of $39.09 billion, a price-to-earnings ratio of 11.03 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be paid a $0.4304 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.33%. Imperial Oil’s payout ratio is currently 26.53%.

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.