Gold Investment Management Ltd. Increases Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Gold Investment Management Ltd. lifted its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,365 shares of the energy company’s stock after purchasing an additional 819 shares during the quarter. Gold Investment Management Ltd.’s holdings in Imperial Oil were worth $1,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. AdvisorNet Financial Inc raised its position in shares of Imperial Oil by 52.6% during the 4th quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company’s stock worth $30,000 after acquiring an additional 180 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in 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 purchasing an additional 225 shares in the last quarter. Clarius Group LLC grew its position in shares of Imperial Oil by 6.0% in the fourth quarter. Clarius Group LLC now owns 7,104 shares of the energy company’s stock valued at $406,000 after purchasing an additional 402 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of Imperial Oil by 3.3% in the fourth quarter. Natixis Advisors L.P. now owns 12,894 shares of the energy company’s stock valued at $737,000 after buying an additional 409 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its position in shares of Imperial Oil by 8.6% in the fourth quarter. CoreCap Advisors LLC now owns 5,322 shares of the energy company’s stock worth $304,000 after acquiring an additional 420 shares during the last quarter. 20.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IMO shares. StockNews.com cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a research report on Monday, July 1st. Raymond James raised Imperial Oil to a “hold” rating in a research report on Tuesday, May 28th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Imperial Oil currently has an average rating of “Hold” and an average target price of $85.33.

Imperial Oil Trading Up 2.0 %

Shares of NYSEAMERICAN IMO traded up $1.34 during trading hours on Wednesday, hitting $69.02. The stock had a trading volume of 251,334 shares, compared to its average volume of 393,612. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.34. Imperial Oil Limited has a 52 week low of $48.26 and a 52 week high of $74.58. The stock has a market cap of $36.98 billion, a price-to-earnings ratio of 10.82 and a beta of 1.47.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its quarterly earnings results on Friday, April 26th. The energy company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.10. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Imperial Oil had a return on equity of 20.76% and a net margin of 9.46%. On average, research analysts predict that Imperial Oil Limited will post 6.29 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were paid a $0.4377 dividend. This represents a $1.75 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Monday, June 3rd. Imperial Oil’s dividend payout ratio is 27.59%.

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.