2,957 Shares in Imperial Oil Limited (NYSEAMERICAN:IMO) Bought by Aprio Wealth Management LLC

Aprio Wealth Management LLC bought a new stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,957 shares of the energy company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also bought and sold shares of IMO. RFP Financial Group LLC bought a new stake in shares of Imperial Oil during the 2nd quarter valued at $25,000. Hexagon Capital Partners LLC lifted its holdings in Imperial Oil by 84.0% during the first 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. Headlands Technologies LLC bought a new position in shares of Imperial Oil in the first quarter worth approximately $46,000. Cubist Systematic Strategies LLC increased its stake in shares of Imperial Oil by 43.8% in the second quarter. Cubist Systematic Strategies LLC now owns 2,300 shares of the energy company’s stock worth $157,000 after purchasing an additional 700 shares in the last quarter. Finally, CWM LLC raised its position in shares of Imperial Oil by 8.7% during the 2nd quarter. CWM LLC now owns 2,319 shares of the energy company’s stock valued at $158,000 after purchasing an additional 185 shares during the period. 20.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Scotiabank reaffirmed a “sector perform” rating and issued a $110.00 target price on shares of Imperial Oil in a report on Wednesday, September 25th. Wolfe Research initiated coverage on Imperial Oil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $108.00 price objective for the company. Finally, StockNews.com cut Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Imperial Oil presently has an average rating of “Hold” and a consensus target price of $99.50.

Imperial Oil Trading Down 2.4 %

NYSEAMERICAN:IMO opened at $77.29 on Wednesday. Imperial Oil Limited has a 12 month low of $52.97 and a 12 month high of $79.29. The stock has a market capitalization of $40.84 billion, a P/E ratio of 12.11 and a beta of 1.45. The company has a current ratio of 1.40, a quick ratio of 1.16 and a debt-to-equity ratio of 0.17.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings data on Friday, August 2nd. The energy company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.11. Imperial Oil had a return on equity of 22.73% and a net margin of 10.05%. The business had revenue of $9.78 billion for the quarter, compared to analysts’ expectations of $10.50 billion. On average, equities analysts predict that Imperial Oil Limited will post 6.2 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Wednesday, September 4th were given a dividend of $0.4336 per share. The ex-dividend date was Wednesday, September 4th. This represents a $1.73 annualized dividend and a yield of 2.24%. Imperial Oil’s dividend payout ratio (DPR) is currently 27.90%.

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.