Versor Investments LP Invests $1.21 Million in Imperial Oil Limited $IMO

Versor Investments LP bought a new position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the fourth quarter, Holdings Channel.com reports. The firm bought 13,999 shares of the energy company’s stock, valued at approximately $1,209,000.

A number of other large investors also recently modified their holdings of IMO. Westside Investment Management Inc. lifted its position in shares of 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 purchasing an additional 213 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of 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 buying an additional 169 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 buying an additional 450 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Imperial Oil during the third quarter worth approximately $54,000. Finally, Assetmark Inc. raised its stake in shares of 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 buying an additional 442 shares during the last quarter. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Stock Up 2.6%

Shares of NYSEAMERICAN:IMO opened at $130.23 on Tuesday. Imperial Oil Limited has a 52 week low of $70.29 and a 52 week high of $134.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.23. The company has a market capitalization of $62.98 billion, a PE ratio of 30.71 and a beta of 0.48. The company has a 50 day moving average price of $125.95 and a two-hundred day moving average price of $107.70.

Imperial Oil Dividend Announcement

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 paid 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 dividend payout ratio is presently 38.69%.

Analysts Set New Price Targets

IMO has been the subject of a number of recent research reports. TD Securities reissued a “sell” rating on shares of Imperial Oil in a research note on Monday, February 23rd. 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 downgraded shares of Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 price target for the company. in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price 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.