Jefferies Financial Group Inc. Acquires 22,644 Shares of Imperial Oil Limited $IMO

Jefferies Financial Group Inc. grew its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 178.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,331 shares of the energy company’s stock after acquiring an additional 22,644 shares during the period. Jefferies Financial Group Inc.’s holdings in Imperial Oil were worth $3,054,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IMO. EverSource Wealth Advisors LLC grew its stake in shares of Imperial Oil by 5.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,599 shares of the energy company’s stock worth $236,000 after buying an additional 127 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Imperial Oil by 0.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 21,470 shares of the energy company’s stock worth $1,949,000 after buying an additional 166 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Imperial Oil by 64.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock worth $40,000 after buying an additional 169 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Imperial Oil by 1.5% in the 2nd quarter. NewEdge Advisors LLC now owns 12,071 shares of the energy company’s stock worth $959,000 after buying an additional 184 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its stake in shares of Imperial Oil by 2.9% in the 4th quarter. Kathmere Capital Management LLC now owns 6,563 shares of the energy company’s stock worth $566,000 after buying an additional 186 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on IMO shares. TD Securities reissued a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. Zacks Research raised 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 price objective for the company. in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $116.00.

Imperial Oil Price Performance

Imperial Oil stock opened at $129.01 on Wednesday. The firm has a 50-day moving average price of $129.15 and a 200-day moving average price of $111.09. The firm has a market capitalization of $62.39 billion, a PE ratio of 30.43 and a beta of 0.48. The company has a current ratio of 1.23, a quick ratio of 1.02 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a 12-month low of $70.87 and a 12-month high of $139.44.

Imperial Oil Dividend Announcement

The business also recently disclosed 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. This represents a $3.48 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, June 4th. Imperial Oil’s payout ratio is 38.69%.

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.