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

Syon Capital LLC boosted its stake in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 36.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,070 shares of the energy company’s stock after buying an additional 3,761 shares during the period. Syon Capital LLC’s holdings in Imperial Oil were worth $805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. AdvisorNet Financial Inc grew its position in Imperial Oil by 52.6% in the 4th 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. Sigma Planning Corp grew its position in Imperial Oil by 3.0% in the 3rd quarter. Sigma Planning Corp now owns 8,450 shares of the energy company’s stock valued at $520,000 after acquiring an additional 246 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Imperial Oil by 3.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,313 shares of the energy company’s stock worth $635,000 after buying an additional 324 shares in the last quarter. Clarius Group LLC grew its position in shares of Imperial Oil by 6.0% during the fourth quarter. Clarius Group LLC now owns 7,104 shares of the energy company’s stock worth $406,000 after buying an additional 402 shares in the last quarter. Finally, CoreCap Advisors LLC grew its position in shares of Imperial Oil by 8.6% during the fourth quarter. CoreCap Advisors LLC now owns 5,322 shares of the energy company’s stock worth $304,000 after buying an additional 420 shares in the last quarter. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Imperial Oil Stock Performance

Shares of Imperial Oil stock traded down $0.57 on Friday, reaching $70.70. 632,840 shares of the company were exchanged, compared to its average volume of 417,520. Imperial Oil Limited has a 1-year low of $44.46 and a 1-year high of $74.58. The company has a market cap of $37.88 billion, a PE ratio of 11.29 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 (NYSEAMERICAN:IMO) (TSE:IMO) last posted its earnings results on Friday, February 2nd. The energy company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.26. The firm had revenue of $9.63 billion during the quarter, compared to analysts’ expectations of $12.29 billion. Imperial Oil had a return on equity of 20.92% and a net margin of 9.59%. On average, equities research analysts forecast that Imperial Oil Limited will post 6.07 EPS for the current fiscal year.

Imperial Oil Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.4473 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.79 dividend on an annualized basis and a yield of 2.53%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.36. Imperial Oil’s dividend payout ratio (DPR) is 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.