Baader Bank Aktiengesellschaft Purchases New Position in Imperial Oil Limited $IMO

Baader Bank Aktiengesellschaft bought a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) in the first quarter, HoldingsChannel reports. The firm bought 6,507 shares of the energy company’s stock, valued at approximately $852,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC raised its stake in Imperial Oil by 87.8% during the fourth quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock valued at $25,000 after buying an additional 137 shares during the last quarter. McMillan Office Inc. purchased a new stake in shares of Imperial Oil in the fourth quarter worth $26,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Imperial Oil by 737.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock worth $46,000 after acquiring an additional 450 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Imperial Oil by 23.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the energy company’s stock valued at $46,000 after acquiring an additional 101 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Imperial Oil in the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Analyst Upgrades and Downgrades

IMO has been the subject of a number of analyst reports. Zacks Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Scotiabank reiterated a “sector perform” rating on shares of Imperial Oil in a research note on Friday. Imperial Capital reiterated a “sell” rating on shares of Imperial Oil in a report on Tuesday, June 23rd. Desjardins raised shares of Imperial Oil to a “hold” rating in a research report on Thursday, July 16th. Finally, TD Securities restated a “sell” rating on shares of Imperial Oil in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $116.00.

Imperial Oil Price Performance

NYSEAMERICAN IMO opened at $124.22 on Wednesday. Imperial Oil Limited has a 52 week low of $81.71 and a 52 week high of $139.44. The firm has a market capitalization of $60.07 billion, a P/E ratio of 29.30 and a beta of 0.45. The company has a quick ratio of 1.02, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $121.68 and a 200-day moving average price of $118.44.

Imperial Oil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Thursday, June 4th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, June 4th. Imperial Oil’s dividend payout ratio is presently 38.24%.

Imperial Oil 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.