Barclays PLC raised its position in Imperial Petroleum Inc. (NASDAQ:IMPP – Get Rating) by 16,005.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,562 shares of the company's stock after acquiring an additional 250,000 shares during the quarter. Barclays PLC owned 0.18% of Imperial Petroleum worth $82,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. bought a new stake in Imperial Petroleum in the second quarter valued at $42,000. Advisory Services Network LLC bought a new position in Imperial Petroleum during the second quarter valued at about $37,000. Finally, Millennium Management LLC acquired a new position in shares of Imperial Petroleum in the 2nd quarter worth approximately $25,000. Institutional investors and hedge funds own 3.01% of the company's stock.
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Shares of NASDAQ IMPP opened at $0.24 on Tuesday. The stock's fifty day simple moving average is $0.27 and its 200 day simple moving average is $0.34. The company has a quick ratio of 5.34, a current ratio of 5.72 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $34.50 million, a price-to-earnings ratio of 1.73 and a beta of 1.12. Imperial Petroleum Inc. has a 52-week low of $0.23 and a 52-week high of $9.70.
Imperial Petroleum Profile
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Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oils. As of March 29, 2022, the company owned four medium range refined petroleum product tankers and one Aframax crude oil tanker with a total capacity of 305,804 deadweight tons.
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