Jefferies Financial Group Inc. Has $12.05 Million Stock Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Key Points

• Jefferies Financial Group Inc. reduced its holdings in Imperial Oil by 16.7%, owning 166,583 shares valued at approximately $12 million after selling 33,470 shares in the first quarter.
• Multiple hedge funds increased their stakes in Imperial Oil, with Mackenzie Financial Corp raising its stake by 54.7% and LPL Financial LLC by 68.6% during the same period.
• Imperial Oil declared a quarterly dividend of $0.523, up from its previous dividend of $0.50, reflecting a 2.5% dividend yield and an annualized payout of $2.09.

Jefferies Financial Group Inc. trimmed its position in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 16.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 166,583 shares of the energy company's stock after selling 33,470 shares during the period. Jefferies Financial Group Inc.'s holdings in Imperial Oil were worth $12,045,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Group One Trading LLC grew its stake in Imperial Oil by 29.7% during the fourth quarter. Group One Trading LLC now owns 755 shares of the energy company's stock worth $47,000 after buying an additional 173 shares during the last quarter. Gold Investment Management Ltd. lifted its position in shares of Imperial Oil by 0.6% during the first quarter. Gold Investment Management Ltd. now owns 28,082 shares of the energy company's stock worth $2,029,000 after purchasing an additional 178 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Imperial Oil by 2.0% during the first quarter. Stephens Inc. AR now owns 14,861 shares of the energy company's stock worth $1,075,000 after purchasing an additional 290 shares in the last quarter. Wayfinding Financial LLC acquired a new position in shares of Imperial Oil during the first quarter worth approximately $26,000. Finally, Lord Abbett & CO. LLC lifted its position in shares of Imperial Oil by 1.5% during the fourth quarter. Lord Abbett & CO. LLC now owns 27,000 shares of the energy company's stock worth $1,664,000 after purchasing an additional 400 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Imperial Oil Trading Up 0.6%

NYSEAMERICAN IMO traded up $0.54 during trading hours on Monday, hitting $83.86. The company's stock had a trading volume of 99,522 shares, compared to its average volume of 460,656. The stock has a fifty day moving average of $79.47 and a 200 day moving average of $71.49. Imperial Oil Limited has a twelve month low of $58.76 and a twelve month high of $86.26. The firm has a market capitalization of $42.69 billion, a P/E ratio of 12.92 and a beta of 0.92. The company has a quick ratio of 1.22, a current ratio of 1.48 and a debt-to-equity ratio of 0.16.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on IMO. Wolfe Research lowered shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 23rd. Tudor Pickering lowered shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Raymond James Financial lowered shares of Imperial Oil from a "moderate buy" rating to a "hold" rating in a report on Thursday, July 3rd. Finally, Desjardins lowered shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 3rd. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $105.50.

Imperial Oil Company 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.