Imperial Oil Limited (NYSEAMERICAN:IMO) Stock Holdings Lessened by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMOFree Report) (TSE:IMO) by 22.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,378 shares of the energy company’s stock after selling 959 shares during the period. Assenagon Asset Management S.A.’s holdings in Imperial Oil were worth $209,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its holdings in Imperial Oil by 38.3% during the 2nd quarter. Van ECK Associates Corp now owns 3,519 shares of the energy company’s stock worth $180,000 after purchasing an additional 975 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Imperial Oil during the 2nd quarter worth about $735,000. BTG Pactual Global Asset Management Ltd acquired a new position in shares of Imperial Oil during the 2nd quarter worth about $549,000. The Manufacturers Life Insurance Company grew its position in shares of Imperial Oil by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,569,846 shares of the energy company’s stock worth $80,293,000 after buying an additional 54,841 shares during the period. Finally, Park Avenue Securities LLC acquired a new position in shares of Imperial Oil during the 3rd quarter worth about $370,000. 20.74% of the stock is owned by institutional investors.

Imperial Oil Stock Up 2.8 %

NYSEAMERICAN:IMO opened at $58.79 on Friday. Imperial Oil Limited has a twelve month low of $44.22 and a twelve month high of $63.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 1.16. The company has a market cap of $31.50 billion, a price-to-earnings ratio of 9.32 and a beta of 1.47.

Imperial Oil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be given a dividend of $0.4473 per share. The ex-dividend date is Friday, March 1st. This represents a $1.79 dividend on an annualized basis and a yield of 3.04%. This is an increase from Imperial Oil’s previous quarterly dividend of $0.36. Imperial Oil’s dividend payout ratio is 23.45%.

Analyst Ratings Changes

IMO has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on Imperial Oil from $80.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Tuesday, November 7th. StockNews.com lowered Imperial Oil from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. JPMorgan Chase & Co. upgraded Imperial Oil from an “underweight” rating to a “neutral” rating in a research report on Friday, December 8th. Finally, The Goldman Sachs Group lowered Imperial Oil from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $85.33.

Check Out Our Latest Analysis on Imperial Oil

Imperial Oil Profile

(Free Report)

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 for, and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment is involved in the transportation and refining of crude oil, blending of refined products, and the distribution and marketing of refined products.

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Institutional Ownership by Quarter for Imperial Oil (NYSEAMERICAN:IMO)

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