Ashton Thomas Private Wealth LLC Acquires 422 Shares of Imperial Oil Limited (NYSEAMERICAN:IMO)

Ashton Thomas Private Wealth LLC lifted its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 5.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,561 shares of the energy company’s stock after buying an additional 422 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Imperial Oil were worth $603,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of IMO. Manning & Napier Advisors LLC acquired a new position in shares of Imperial Oil during the 2nd quarter worth approximately $3,064,000. US Bancorp DE increased its holdings in shares of Imperial Oil by 91.6% in the first quarter. US Bancorp DE now owns 20,210 shares of the energy company’s stock valued at $1,397,000 after purchasing an additional 9,660 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Imperial Oil in the first quarter valued at about $720,000. Fiera Capital Corp lifted its stake in shares of Imperial Oil by 262.5% during the 2nd quarter. Fiera Capital Corp now owns 95,455 shares of the energy company’s stock worth $6,511,000 after buying an additional 69,121 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Imperial Oil by 1,250.9% during the 1st quarter. Bessemer Group Inc. now owns 7,849 shares of the energy company’s stock worth $542,000 after buying an additional 7,268 shares during the period. Institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Performance

Shares of NYSEAMERICAN:IMO opened at $74.62 on Friday. Imperial Oil Limited has a 12 month low of $52.97 and a 12 month 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 $38.64 billion, a PE ratio of 11.12 and a beta of 1.44.

Imperial Oil Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.4304 per share. This represents a $1.72 annualized dividend and a yield of 2.31%. The ex-dividend date is Tuesday, December 3rd. Imperial Oil’s payout ratio is presently 26.53%.

Wall Street Analyst Weigh In

IMO has been the subject of several research reports. StockNews.com downgraded shares of Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. Wolfe Research began coverage on Imperial Oil in a research note on Thursday, July 18th. They issued an “outperform” rating and a $108.00 price target for the company. Finally, Scotiabank reiterated a “sector perform” rating and set a $110.00 price objective on shares of Imperial Oil in a research report on Wednesday, September 25th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $109.00.

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.