Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp lifted its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 1.6% during the third quarter, Holdings Channel reports. The firm owned 100,050 shares of the energy company’s stock after acquiring an additional 1,543 shares during the quarter. Stifel Financial Corp’s holdings in Imperial Oil were worth $7,049,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. RFP Financial Group LLC acquired a new stake in Imperial Oil during the 2nd quarter worth approximately $25,000. BNP Paribas Financial Markets purchased a new stake in shares of Imperial Oil during the third quarter worth approximately $28,000. Grove Bank & Trust lifted its holdings in shares of Imperial Oil by 438.0% during the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock worth $38,000 after purchasing an additional 438 shares during the period. Allworth Financial LP grew its position in Imperial Oil by 21.0% in the 3rd quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock valued at $95,000 after buying an additional 234 shares during the last quarter. Finally, Oakworth Capital Inc. acquired a new position in Imperial Oil in the 3rd quarter valued at $101,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Analyst Upgrades and Downgrades

IMO has been the subject of several recent analyst reports. StockNews.com cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Scotiabank reaffirmed a “sector perform” rating and issued a $110.00 target price on shares of Imperial Oil in a report on Wednesday, September 25th.

Imperial Oil Stock Down 1.2 %

Shares of NYSEAMERICAN:IMO opened at $67.45 on Friday. The stock has a market capitalization of $34.57 billion, a PE ratio of 10.05 and a beta of 1.42. The company has a current ratio of 1.44, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Imperial Oil Limited has a fifty-two week low of $54.58 and a fifty-two week high of $80.17.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.4304 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio is currently 26.38%.

About Imperial Oil

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.