Scotia Capital Inc. Raises Stock Position in Imperial Oil Ltd (NYSEAMERICAN:IMO)

Scotia Capital Inc. lifted its stake in shares of Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 171,589 shares of the energy company’s stock after acquiring an additional 6,360 shares during the quarter. Scotia Capital Inc.’s holdings in Imperial Oil were worth $4,740,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. APG Asset Management N.V. increased its holdings in Imperial Oil by 28.0% during the second quarter. APG Asset Management N.V. now owns 546,871 shares of the energy company’s stock valued at $13,325,000 after buying an additional 119,500 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Imperial Oil by 8.9% during the second quarter. Parametric Portfolio Associates LLC now owns 263,758 shares of the energy company’s stock valued at $7,298,000 after buying an additional 21,469 shares during the period. Glen Harbor Capital Management LLC increased its holdings in Imperial Oil by 10.7% during the second quarter. Glen Harbor Capital Management LLC now owns 4,590 shares of the energy company’s stock valued at $122,000 after buying an additional 442 shares during the period. Tobam increased its holdings in Imperial Oil by 80.8% during the second quarter. Tobam now owns 24,385 shares of the energy company’s stock valued at $677,000 after buying an additional 10,901 shares during the period. Finally, Northern Trust Corp increased its holdings in Imperial Oil by 3.0% during the second quarter. Northern Trust Corp now owns 420,666 shares of the energy company’s stock valued at $11,640,000 after buying an additional 12,237 shares during the period.

Shares of IMO stock traded down $0.17 on Friday, reaching $26.42. 7,460 shares of the company were exchanged, compared to its average volume of 310,191. Imperial Oil Ltd has a 1 year low of $23.71 and a 1 year high of $34.56.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its quarterly earnings results on Friday, August 2nd. The energy company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.06. The business had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share.

Several brokerages have weighed in on IMO. TheStreet downgraded shares of Imperial Oil from a “b-” rating to a “c+” rating in a research note on Friday, August 23rd. Zacks Investment Research downgraded shares of Imperial Oil from a “hold” rating to a “strong sell” rating and set a $27.00 target price for the company. in a research note on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.70.

Imperial Oil Company Profile

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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

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