Signaturefd LLC Boosts Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Signaturefd LLC boosted its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 11.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,987 shares of the energy company’s stock after purchasing an additional 604 shares during the quarter. Signaturefd LLC’s holdings in Imperial Oil were worth $342,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Imperial Oil by 137.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 88,842 shares of the energy company’s stock valued at $5,086,000 after buying an additional 51,449 shares during the period. NewEdge Wealth LLC grew its position in Imperial Oil by 67.0% in the fourth quarter. NewEdge Wealth LLC now owns 29,218 shares of the energy company’s stock valued at $1,671,000 after acquiring an additional 11,717 shares in the last quarter. Clarius Group LLC grew its position in Imperial Oil by 6.0% in the fourth quarter. Clarius Group LLC now owns 7,104 shares of the energy company’s stock valued at $406,000 after acquiring an additional 402 shares in the last quarter. Cerity Partners LLC acquired a new stake in Imperial Oil in the fourth quarter valued at approximately $1,745,000. Finally, AdvisorNet Financial Inc grew its position in Imperial Oil by 52.6% in the fourth quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company’s stock valued at $30,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Stock Up 0.9 %

Shares of NYSEAMERICAN:IMO opened at $71.27 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.96. Imperial Oil Limited has a 52-week low of $44.46 and a 52-week high of $74.58. The company has a market capitalization of $38.19 billion, a price-to-earnings ratio of 11.19 and a beta of 1.48.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings data on Friday, February 2nd. The energy company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.26. Imperial Oil had a net margin of 9.59% and a return on equity of 20.92%. The company had revenue of $9.63 billion during the quarter, compared to the consensus estimate of $12.29 billion. Research analysts anticipate that Imperial Oil Limited will post 6.07 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a dividend of $0.4473 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.79 dividend on an annualized basis and a dividend yield of 2.51%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.36. Imperial Oil’s dividend payout ratio (DPR) is presently 28.05%.

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.