Aigen Investment Management LP Buys New Stake in Imperial Oil Limited $IMO

Aigen Investment Management LP bought a new stake in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) during the 4th quarter, Holdings Channel.com reports. The firm bought 6,103 shares of the energy company’s stock, valued at approximately $527,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IMO. Root Financial Partners LLC lifted its holdings in shares of Imperial Oil by 87.8% during 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. acquired a new position in shares of Imperial Oil during the 4th quarter valued at $26,000. Smartleaf Asset Management LLC lifted its holdings in shares of Imperial Oil by 64.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 430 shares of the energy company’s stock valued at $40,000 after acquiring an additional 169 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Imperial Oil by 737.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 511 shares of the energy company’s stock valued at $46,000 after acquiring an additional 450 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Imperial Oil during the 3rd quarter valued at $54,000. Institutional investors and hedge funds own 20.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on IMO shares. TD Securities restated a “sell” rating on shares of Imperial Oil in a report on Wednesday, May 13th. Zacks Research upgraded shares of Imperial Oil from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Royal Bank Of Canada lowered shares of Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $116.00.

Imperial Oil Stock Performance

Shares of IMO stock opened at $120.20 on Tuesday. Imperial Oil Limited has a 12 month low of $77.20 and a 12 month high of $139.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.23 and a quick ratio of 1.02. The firm has a market capitalization of $58.13 billion, a P/E ratio of 28.35 and a beta of 0.43. The company’s fifty day moving average price is $127.52 and its two-hundred day moving average price is $113.58.

Imperial Oil Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Thursday, June 4th will be issued a $0.87 dividend. The ex-dividend date is Thursday, June 4th. This represents a $3.48 dividend on an annualized basis and a yield of 2.9%. Imperial Oil’s payout ratio is currently 38.24%.

About Imperial Oil

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.