Ritholtz Wealth Management Has $2.75 Million Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Ritholtz Wealth Management boosted its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,082 shares of the energy company’s stock after buying an additional 1,523 shares during the quarter. Ritholtz Wealth Management’s holdings in Imperial Oil were worth $2,750,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Seven Eight Capital LP bought a new position in Imperial Oil in the third quarter valued at about $269,000. Envestnet Asset Management Inc. raised its position in Imperial Oil by 44.0% in the third quarter. Envestnet Asset Management Inc. now owns 95,817 shares of the energy company’s stock valued at $5,901,000 after purchasing an additional 29,258 shares during the last quarter. Toronto Dominion Bank raised its position in Imperial Oil by 11.6% in the third quarter. Toronto Dominion Bank now owns 1,243,078 shares of the energy company’s stock valued at $76,561,000 after purchasing an additional 128,940 shares during the last quarter. Legal & General Group Plc raised its position in Imperial Oil by 1.7% in the third quarter. Legal & General Group Plc now owns 1,067,486 shares of the energy company’s stock valued at $66,051,000 after purchasing an additional 17,874 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new position in Imperial Oil in the third quarter valued at about $2,092,000. 20.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded Imperial Oil from an “underweight” rating to a “neutral” rating in a research report on Friday, December 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Imperial Oil currently has an average rating of “Hold” and a consensus price target of $85.33.

Imperial Oil Trading Up 0.7 %

Imperial Oil stock traded up $0.48 during mid-day trading on Thursday, reaching $69.13. The stock had a trading volume of 351,087 shares, compared to its average volume of 425,940. The stock has a market capitalization of $37.04 billion, a PE ratio of 10.96 and a beta of 1.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.96 and a current ratio of 1.26. Imperial Oil Limited has a fifty-two week low of $44.46 and a fifty-two week high of $69.50.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its quarterly earnings data on Friday, February 2nd. The energy company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.26. Imperial Oil had a return on equity of 20.92% and a net margin of 9.59%. The company had revenue of $9.63 billion for the quarter, compared to analyst estimates of $12.29 billion. As a group, equities analysts anticipate that Imperial Oil Limited will post 5.69 earnings per share for the current fiscal year.

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be issued a dividend of $0.4473 per share. The ex-dividend date is Friday, March 1st. This is a boost from Imperial Oil’s previous quarterly dividend of $0.36. This represents a $1.79 annualized dividend and a yield of 2.59%. Imperial Oil’s dividend payout ratio is currently 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 for, 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.