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

Assenagon Asset Management S.A. trimmed its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 91.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Ensign Peak Advisors Inc increased its stake in Imperial Oil by 1.0% in the fourth quarter. Ensign Peak Advisors Inc now owns 9,924 shares of the energy company’s stock valued at $858,000 after acquiring an additional 100 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Imperial Oil by 23.5% during 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 last quarter. Baron Wealth Management LLC lifted its stake in Imperial Oil by 3.2% during the first quarter. Baron Wealth Management LLC now owns 4,030 shares of the energy company’s stock worth $527,000 after purchasing an additional 124 shares during the last quarter. Root Financial Partners LLC boosted its holdings 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 purchasing an additional 137 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Imperial Oil by 1.5% in the 2nd quarter. NewEdge Advisors LLC now owns 12,071 shares of the energy company’s stock valued at $959,000 after purchasing an additional 184 shares during the last quarter. 20.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IMO has been the subject of a number of research analyst reports. Zacks Research cut Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a research note on Wednesday, May 13th. Scotiabank upgraded Imperial Oil to a “hold” rating in a research report on Friday, June 26th. Finally, Imperial Capital reissued a “sell” rating on shares of Imperial Oil in a research note on Tuesday, June 23rd. Five research analysts have rated the stock with a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Imperial Oil currently has an average rating of “Reduce” and an average price target of $116.00.

Imperial Oil Stock Performance

NYSEAMERICAN:IMO opened at $113.77 on Friday. The company has a market capitalization of $55.02 billion, a PE ratio of 26.83 and a beta of 0.45. The company has a 50 day simple moving average of $123.67 and a two-hundred day simple moving average of $115.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.23. Imperial Oil Limited has a fifty-two week low of $78.87 and a fifty-two week high of $139.44.

Imperial Oil Dividend Announcement

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

Imperial Oil Company 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.