Versor Investments LP Invests $225,000 in Imperial Oil Limited (NYSEAMERICAN:IMO)

Versor Investments LP acquired a new stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the 3rd quarter, Holdings Channel reports. The fund acquired 3,199 shares of the energy company’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new stake in shares of Imperial Oil during the second quarter valued at $3,064,000. US Bancorp DE raised its holdings in shares of Imperial Oil by 91.6% during the first quarter. US Bancorp DE now owns 20,210 shares of the energy company’s stock valued at $1,397,000 after purchasing an additional 9,660 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Imperial Oil during the first quarter valued at approximately $720,000. Fiera Capital Corp boosted its holdings in Imperial Oil by 262.5% in the second quarter. Fiera Capital Corp now owns 95,455 shares of the energy company’s stock worth $6,511,000 after purchasing an additional 69,121 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Imperial Oil by 1,250.9% in the 1st quarter. Bessemer Group Inc. now owns 7,849 shares of the energy company’s stock worth $542,000 after purchasing an additional 7,268 shares during the period. 20.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Scotiabank restated a “sector perform” rating and set a $110.00 price target on shares of Imperial Oil in a research note on Wednesday, September 25th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $109.00.

Imperial Oil Stock Performance

NYSEAMERICAN:IMO opened at $73.98 on Friday. Imperial Oil Limited has a one year low of $52.97 and a one year high of $80.17. The firm has a market capitalization of $38.31 billion, a PE ratio of 11.03 and a beta of 1.44. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 0.17.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be paid a $0.4304 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is currently 26.53%.

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.