MQS Management LLC Makes New Investment in Imperial Oil Limited $IMO

MQS Management LLC purchased a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,753 shares of the energy company’s stock, valued at approximately $497,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Argent Trust Co acquired a new position in Imperial Oil during the 3rd quarter worth approximately $2,308,000. MAI Capital Management boosted its stake in shares of Imperial Oil by 2,776.1% during the 3rd quarter. MAI Capital Management now owns 10,929 shares of the energy company’s stock valued at $992,000 after buying an additional 10,549 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Imperial Oil by 13.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 84,287 shares of the energy company’s stock valued at $7,648,000 after buying an additional 10,299 shares during the last quarter. Swiss Life Asset Management Ltd boosted its stake in shares of Imperial Oil by 88.4% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 36,253 shares of the energy company’s stock valued at $3,290,000 after buying an additional 17,011 shares during the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Imperial Oil during the 3rd quarter valued at approximately $1,852,000. 20.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IMO. Zacks Research upgraded Imperial Oil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada lowered Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 price target on the stock. in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $116.00.

Imperial Oil Stock Performance

IMO opened at $133.19 on Friday. The stock has a market cap of $64.41 billion, a PE ratio of 31.41 and a beta of 0.48. The company has a current ratio of 1.23, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a 1 year low of $70.61 and a 1 year high of $139.44. The stock’s 50 day simple moving average is $128.74 and its 200-day simple moving average is $110.35.

Imperial Oil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 4th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, June 4th. Imperial Oil’s dividend payout ratio is 38.69%.

About Imperial Oil

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.