Genus Capital Management Inc. Sells 15,200 Shares of Imperial Oil Limited $IMO

Genus Capital Management Inc. decreased its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 16.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,312 shares of the energy company’s stock after selling 15,200 shares during the quarter. Genus Capital Management Inc.’s holdings in Imperial Oil were worth $6,288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Amundi grew its position in shares of Imperial Oil by 0.5% during the 1st quarter. Amundi now owns 617,706 shares of the energy company’s stock worth $42,368,000 after buying an additional 3,275 shares in the last quarter. Northern Trust Corp raised its stake in Imperial Oil by 2.0% in the first quarter. Northern Trust Corp now owns 199,021 shares of the energy company’s stock valued at $14,393,000 after buying an additional 3,889 shares during the last quarter. PDS Planning Inc purchased a new stake in Imperial Oil in the second quarter valued at about $237,000. LPL Financial LLC raised its stake in Imperial Oil by 68.6% in the first quarter. LPL Financial LLC now owns 79,692 shares of the energy company’s stock valued at $5,763,000 after buying an additional 32,437 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of Imperial Oil by 32.0% in the second quarter. Bessemer Group Inc. now owns 31,278 shares of the energy company’s stock worth $2,482,000 after purchasing an additional 7,588 shares during the last quarter. Institutional investors own 20.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wolfe Research cut Imperial Oil from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 23rd. Royal Bank Of Canada raised their price objective on Imperial Oil from $108.00 to $115.00 and gave the company a “sector perform” rating in a report on Thursday, September 25th. Tudor Pickering lowered Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, July 25th. Zacks Research lowered Imperial Oil from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Cibc World Mkts lowered Imperial Oil from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Imperial Oil has an average rating of “Reduce” and a consensus price target of $115.00.

Imperial Oil Stock Performance

NYSEAMERICAN IMO opened at $88.24 on Wednesday. The company has a market cap of $43.84 billion, a PE ratio of 13.60 and a beta of 0.83. The stock’s 50 day simple moving average is $90.08 and its 200-day simple moving average is $82.14. Imperial Oil Limited has a 1-year low of $58.76 and a 1-year high of $96.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.58 and a quick ratio of 1.34.

Imperial Oil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Wednesday, December 3rd will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is 31.87%.

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.