Imperial Oil Limited $IMO Shares Purchased by Barometer Capital Management Inc.

Barometer Capital Management Inc. grew its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 14.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 65,870 shares of the energy company’s stock after acquiring an additional 8,470 shares during the period. Imperial Oil comprises approximately 3.5% of Barometer Capital Management Inc.’s portfolio, making the stock its 7th largest position. Barometer Capital Management Inc.’s holdings in Imperial Oil were worth $8,617,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. J. Safra Sarasin Holding AG acquired a new stake in shares of Imperial Oil during the fourth quarter worth $2,301,000. Ashton Thomas Private Wealth LLC increased its holdings in Imperial Oil by 72.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 41,858 shares of the energy company’s stock worth $3,625,000 after buying an additional 17,643 shares during the last quarter. UBS Group AG increased its stake in shares of Imperial Oil by 21.6% during the 4th quarter. UBS Group AG now owns 1,709,910 shares of the energy company’s stock worth $147,582,000 after purchasing an additional 303,286 shares during the last quarter. Triasima Portfolio Management inc. lifted its position in shares of Imperial Oil by 17.6% in the fourth quarter. Triasima Portfolio Management inc. now owns 83,975 shares of the energy company’s stock valued at $7,264,000 after buying an additional 12,570 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Imperial Oil by 30.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,539 shares of the energy company’s stock valued at $13,282,000 after purchasing an additional 36,267 shares during the last quarter. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Stock Up 1.2%

Shares of NYSEAMERICAN IMO opened at $124.22 on Wednesday. Imperial Oil Limited has a 12-month low of $81.71 and a 12-month high of $139.44. 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 firm has a market cap of $60.07 billion, a PE ratio of 29.30 and a beta of 0.45. The company’s fifty day simple moving average is $121.68 and its 200 day simple moving average is $118.44.

Imperial Oil Dividend Announcement

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

Analyst Ratings Changes

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

Imperial Oil Company 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.