111 Capital Takes $529,000 Position in Imperial Oil Limited $IMO

111 Capital acquired a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the fourth quarter, Holdings Channel.com reports. The firm acquired 6,129 shares of the energy company’s stock, valued at approximately $529,000.

Other large investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC lifted its holdings in Imperial Oil by 87.8% in the 4th quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock valued at $25,000 after purchasing an additional 137 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in Imperial Oil by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 426 shares of the energy company’s stock valued at $38,000 after purchasing an additional 213 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Imperial Oil by 64.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock valued at $40,000 after purchasing an additional 169 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Imperial Oil by 737.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock valued at $46,000 after purchasing an additional 450 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in Imperial Oil in the 3rd quarter valued at $54,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on IMO. TD Securities restated a “sell” rating on shares of Imperial Oil in a report on Wednesday, May 13th. Zacks Research upgraded Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Royal Bank Of Canada lowered Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 price target on the stock. in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Imperial Oil presently has an average rating of “Reduce” and an average price target of $116.00.

Imperial Oil Stock Down 4.1%

Shares of NYSEAMERICAN:IMO opened at $121.72 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.02. The firm has a market capitalization of $58.86 billion, a PE ratio of 28.71 and a beta of 0.43. The firm’s 50-day moving average is $128.60 and its two-hundred day moving average is $112.54. Imperial Oil Limited has a 1 year low of $73.15 and a 1 year high of $139.44.

Imperial Oil Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Thursday, June 4th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.9%. Imperial Oil’s payout ratio is currently 38.24%.

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.