Imperial Oil Limited (NYSEAMERICAN:IMO) Short Interest Up 6.1% in March

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 17,330,000 shares, an increase of 6.1% from the March 15th total of 16,340,000 shares. Based on an average daily volume of 424,600 shares, the short-interest ratio is presently 40.8 days. Currently, 10.6% of the company’s shares are short sold.

Imperial Oil Stock Down 0.5 %

Shares of Imperial Oil stock opened at $69.25 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.26. Imperial Oil has a one year low of $44.46 and a one year high of $74.58. The company has a market capitalization of $37.11 billion, a price-to-earnings ratio of 10.97 and a beta of 1.48.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its quarterly earnings data on Friday, February 2nd. The energy company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.26. The firm had revenue of $9.63 billion for the quarter, compared to analysts’ expectations of $12.29 billion. Imperial Oil had a net margin of 9.59% and a return on equity of 20.92%. On average, research analysts predict that Imperial Oil will post 6.07 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.4473 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.36. This represents a $1.79 annualized dividend and a yield of 2.58%. Imperial Oil’s dividend payout ratio is 28.05%.

Hedge Funds Weigh In On Imperial Oil

A number of institutional investors have recently bought and sold shares of IMO. AdvisorNet Financial Inc increased its stake in shares of Imperial Oil by 52.6% in 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. HighTower Advisors LLC boosted its position in shares of Imperial Oil by 2.6% in the 1st quarter. HighTower Advisors LLC now owns 9,154 shares of the energy company’s stock worth $464,000 after purchasing an additional 236 shares in the last quarter. Sigma Planning Corp grew its stake in shares of Imperial Oil by 3.0% in the 3rd quarter. Sigma Planning Corp now owns 8,450 shares of the energy company’s stock worth $520,000 after buying an additional 246 shares during the last quarter. AXA S.A. increased its position in Imperial Oil by 5.0% during the 1st quarter. AXA S.A. now owns 5,684 shares of the energy company’s stock valued at $289,000 after buying an additional 269 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Imperial Oil by 3.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,313 shares of the energy company’s stock worth $635,000 after acquiring an additional 324 shares during the last quarter. 20.74% of the stock is owned by institutional investors.

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.