Raymond James & Associates Raises Stake in Imperial Oil Limited (NYSEAMERICAN:IMO)

Raymond James & Associates grew its stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 45.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,667 shares of the energy company’s stock after purchasing an additional 9,271 shares during the period. Raymond James & Associates’ holdings in Imperial Oil were worth $1,697,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SNC purchased a new stake in shares of Imperial Oil during the 3rd quarter worth $35,000. Allworth Financial LP boosted its position in shares of Imperial Oil by 176.6% in the 3rd quarter. Allworth Financial LP now owns 888 shares of the energy company’s stock worth $55,000 after buying an additional 567 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Imperial Oil by 229.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,724 shares of the energy company’s stock worth $84,000 after buying an additional 1,200 shares in the last quarter. State of Wyoming boosted its position in shares of Imperial Oil by 21.7% in the 2nd quarter. State of Wyoming now owns 2,900 shares of the energy company’s stock worth $148,000 after buying an additional 517 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Imperial Oil in the 3rd quarter worth about $203,000. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Imperial Oil Trading Down 0.5 %

Imperial Oil stock opened at $69.25 on Thursday. Imperial Oil Limited has a 52 week low of $44.46 and a 52 week high of $74.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.26. The stock has a market capitalization of $37.11 billion, a P/E ratio of 10.97 and a beta of 1.48.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its quarterly earnings data on Friday, February 2nd. The energy company reported $1.81 EPS for the quarter, topping 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 business had revenue of $9.63 billion for the quarter, compared to analyst estimates of $12.29 billion. As a group, sell-side analysts predict that Imperial Oil Limited will post 6.07 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.4473 dividend. This is an increase from Imperial Oil’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. This represents a $1.79 annualized dividend and a yield of 2.58%. Imperial Oil’s payout ratio is presently 28.05%.

Imperial Oil 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.