Duality Advisers LP Makes New Investment in Imperial Oil Limited (NYSEAMERICAN:IMO)

Duality Advisers LP purchased a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the fourth quarter, Holdings Channel reports. The fund purchased 11,384 shares of the energy company’s stock, valued at approximately $651,000.

Other hedge funds have also modified their holdings of the company. NewEdge Wealth LLC raised its stake in shares of 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. Zurcher Kantonalbank Zurich Cantonalbank increased 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 last quarter. Seven Eight Capital LP purchased a new position in Imperial Oil in the third quarter valued at $269,000. Envestnet Asset Management Inc. increased its holdings 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 buying an additional 29,258 shares during the last quarter. Finally, Cerity Partners LLC purchased a new position in Imperial Oil in the fourth quarter valued at $1,745,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Price Performance

NYSEAMERICAN:IMO opened at $70.63 on Thursday. The firm has a market capitalization of $37.85 billion, a P/E ratio of 11.17 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 12 month low of $44.46 and a 12 month high of $74.58.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its earnings results on Friday, February 2nd. The energy company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.55 by $0.26. The firm had revenue of $9.63 billion for the quarter, compared to analyst estimates of $12.29 billion. Imperial Oil had a return on equity of 20.92% and a net margin of 9.59%. As a group, equities research analysts predict that Imperial Oil Limited will post 6.07 EPS for the current year.

Imperial Oil Increases Dividend

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