Assenagon Asset Management S.A. Has $384,000 Holdings in Imperial Oil Limited $IMO

Assenagon Asset Management S.A. trimmed its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 91.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,944 shares of the energy company’s stock after selling 33,625 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Imperial Oil were worth $384,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of IMO. Root Financial Partners LLC increased its stake in shares of Imperial Oil by 87.8% in the 4th quarter. Root Financial Partners LLC now owns 293 shares of the energy company’s stock valued at $25,000 after acquiring an additional 137 shares in the last quarter. McMillan Office Inc. bought a new position in Imperial Oil during the fourth quarter worth $26,000. Northwestern Mutual Wealth Management Co. boosted its stake in 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 acquiring an additional 450 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Imperial Oil by 23.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 531 shares of the energy company’s stock worth $46,000 after purchasing an additional 101 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Imperial Oil during the third quarter valued at about $54,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on IMO shares. Zacks Research cut shares of Imperial Oil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Imperial Capital reiterated a “sell” rating on shares of Imperial Oil in a report on Tuesday, June 23rd. TD Securities reissued a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. Finally, Scotiabank raised Imperial Oil to a “hold” rating in a research report on Friday, June 26th. Five research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $116.00.

Imperial Oil Stock Performance

IMO stock opened at $113.77 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The firm has a market cap of $55.02 billion, a PE ratio of 26.83 and a beta of 0.45. The business has a 50 day moving average of $123.67 and a 200-day moving average of $115.30. Imperial Oil Limited has a 12-month low of $78.87 and a 12-month high of $139.44.

Imperial Oil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Thursday, June 4th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, June 4th. Imperial Oil’s dividend payout ratio is 38.24%.

Imperial Oil Profile

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.