Hexagon Capital Partners LLC Grows Stock Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Hexagon Capital Partners LLC boosted its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 84.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 493 shares of the energy company’s stock after buying an additional 225 shares during the period. Hexagon Capital Partners LLC’s holdings in Imperial Oil were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. AdvisorNet Financial Inc increased 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 valued at $30,000 after purchasing an additional 180 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Imperial Oil in the 4th quarter worth about $44,000. Assetmark Inc. lifted its stake in Imperial Oil by 938.5% in the fourth quarter. Assetmark Inc. now owns 810 shares of the energy company’s stock worth $46,000 after purchasing an additional 732 shares during the last quarter. CWM LLC boosted its position in shares of Imperial Oil by 156.8% during the fourth quarter. CWM LLC now owns 2,011 shares of the energy company’s stock valued at $115,000 after buying an additional 1,228 shares during the period. Finally, Kathmere Capital Management LLC bought a new position in shares of Imperial Oil during the first quarter valued at approximately $251,000. 20.74% of the stock is owned by institutional investors.

Imperial Oil Stock Down 1.3 %

Shares of IMO stock opened at $67.33 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.34. The firm has a market cap of $36.08 billion, a PE ratio of 10.70 and a beta of 1.47. Imperial Oil Limited has a 12-month low of $48.26 and a 12-month high of $74.58.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings results on Friday, April 26th. The energy company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.10. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $11.61 billion. Imperial Oil had a return on equity of 20.76% and a net margin of 9.46%. As a group, research analysts forecast that Imperial Oil Limited will post 6.29 earnings per share for the current 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 dividend of $0.4377 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.75 annualized dividend and a yield of 2.60%. Imperial Oil’s payout ratio is presently 27.59%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IMO shares. StockNews.com downgraded Imperial Oil from a “buy” rating to a “hold” rating in a research report on Monday. Raymond James upgraded shares of Imperial Oil to a “hold” rating in a research note on Tuesday, May 28th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $85.33.

About Imperial Oil

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.