Imperial Oil Limited $IMO Shares Purchased by IFG Advisory LLC

IFG Advisory LLC increased its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,359 shares of the energy company’s stock after purchasing an additional 136 shares during the quarter. IFG Advisory LLC’s holdings in Imperial Oil were worth $2,572,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mesirow Financial Investment Management Inc. acquired a new position in Imperial Oil during the second quarter worth $216,000. Atria Investments Inc raised its holdings in Imperial Oil by 34.8% during the second quarter. Atria Investments Inc now owns 5,986 shares of the energy company’s stock worth $476,000 after purchasing an additional 1,545 shares during the last quarter. Transcend Capital Advisors LLC acquired a new position in Imperial Oil during the second quarter worth $309,000. Bessemer Group Inc. raised its holdings in Imperial Oil by 32.0% during the second quarter. Bessemer Group Inc. now owns 31,278 shares of the energy company’s stock worth $2,482,000 after purchasing an additional 7,588 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in Imperial Oil by 3.9% during the second quarter. Ashton Thomas Private Wealth LLC now owns 49,385 shares of the energy company’s stock worth $3,951,000 after purchasing an additional 1,833 shares during the last quarter. 20.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IMO. Royal Bank Of Canada raised their price target on Imperial Oil from $108.00 to $115.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 25th. Wolfe Research downgraded Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Imperial Oil in a research report on Monday, August 4th. TD Securities downgraded Imperial Oil from a “hold” rating to a “sell” rating in a research report on Tuesday, September 30th. Finally, Cibc World Mkts downgraded Imperial Oil from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $115.00.

Imperial Oil Price Performance

Shares of NYSEAMERICAN:IMO opened at $88.21 on Friday. The company has a market cap of $43.83 billion, a P/E ratio of 13.59 and a beta of 0.83. The company has a quick ratio of 1.34, a current ratio of 1.58 and a debt-to-equity ratio of 0.16. Imperial Oil Limited has a 52 week low of $58.76 and a 52 week high of $96.09. The business has a fifty day simple moving average of $90.03 and a 200-day simple moving average of $81.51.

Imperial Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Wednesday, December 3rd will be issued a $0.72 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $2.88 dividend on an annualized basis and a yield of 3.3%. Imperial Oil’s dividend payout ratio (DPR) is presently 31.87%.

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.