Atria Investments Inc Takes Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Atria Investments Inc purchased a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,232 shares of the energy company’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds also recently made changes to their positions in IMO. RFP Financial Group LLC acquired a new stake in Imperial Oil in the second quarter valued at $25,000. Grove Bank & Trust increased its stake in shares of Imperial Oil by 438.0% in the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock valued at $38,000 after buying an additional 438 shares during the period. Hexagon Capital Partners LLC raised its position in shares of Imperial Oil by 45.6% during the second quarter. Hexagon Capital Partners LLC now owns 718 shares of the energy company’s stock worth $49,000 after acquiring an additional 225 shares during the last quarter. Allworth Financial LP raised its position in shares of Imperial Oil by 21.0% during the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock worth $95,000 after acquiring an additional 234 shares during the last quarter. Finally, Oakworth Capital Inc. bought a new stake in Imperial Oil in the third quarter valued at approximately $101,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on IMO shares. StockNews.com lowered shares of Imperial Oil from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Scotiabank reissued a “sector perform” rating and set a $110.00 target price on shares of Imperial Oil in a research note on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Imperial Oil currently has a consensus rating of “Hold” and a consensus target price of $109.00.

Imperial Oil Trading Up 0.1 %

Shares of IMO stock opened at $77.13 on Friday. Imperial Oil Limited has a fifty-two week low of $52.97 and a fifty-two week high of $80.17. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $39.94 billion, a price-to-earnings ratio of 11.49 and a beta of 1.44.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be paid a $0.4304 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.23%. Imperial Oil’s dividend payout ratio is currently 26.53%.

Imperial Oil 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.