10,000 Shares in Imperial Oil Limited $IMO Purchased by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,000 shares of the energy company’s stock, valued at approximately $863,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Westside Investment Management Inc. raised its stake in Imperial Oil by 100.0% during the third quarter. Westside Investment Management Inc. now owns 426 shares of the energy company’s stock worth $38,000 after acquiring an additional 213 shares during the period. Smartleaf Asset Management LLC raised its stake in Imperial Oil by 64.8% during the third quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock worth $40,000 after acquiring an additional 169 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Imperial Oil by 737.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock worth $46,000 after acquiring an additional 450 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in Imperial Oil during the third quarter worth about $54,000. Finally, Assetmark Inc. raised its stake in Imperial Oil by 209.5% during the fourth quarter. Assetmark Inc. now owns 653 shares of the energy company’s stock worth $56,000 after acquiring an additional 442 shares during the period. Institutional investors and hedge funds own 20.74% of the company’s stock.

Imperial Oil Price Performance

NYSEAMERICAN IMO opened at $122.69 on Friday. Imperial Oil Limited has a 52 week low of $70.87 and a 52 week high of $139.44. The company has a current ratio of 1.23, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. The stock has a market cap of $59.33 billion, a price-to-earnings ratio of 28.94 and a beta of 0.48. The company has a 50-day moving average price of $129.13 and a two-hundred day moving average price of $111.53.

Imperial Oil Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, June 4th. This represents a $3.48 annualized dividend and a yield of 2.8%. Imperial Oil’s dividend payout ratio is 38.69%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IMO shares. TD Securities reiterated a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. Zacks Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Finally, Royal Bank Of Canada cut shares of Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 target price for the company. in a research report on Monday, February 23rd. One 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 stock. Based on data from MarketBeat, Imperial Oil presently has an average rating of “Reduce” and a consensus price target of $116.00.

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.