Imperial Oil Ltd (IMO) Shares Sold by AMP Capital Investors Ltd

AMP Capital Investors Ltd trimmed its holdings in Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 12.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,954 shares of the energy company’s stock after selling 25,461 shares during the period. AMP Capital Investors Ltd’s holdings in Imperial Oil were worth $6,045,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of IMO. US Bancorp DE raised its position in Imperial Oil by 20.0% during the second quarter. US Bancorp DE now owns 10,781 shares of the energy company’s stock valued at $358,000 after purchasing an additional 1,794 shares during the period. Citigroup Inc. raised its position in Imperial Oil by 3.7% during the first quarter. Citigroup Inc. now owns 57,959 shares of the energy company’s stock valued at $1,534,000 after purchasing an additional 2,063 shares during the period. Candriam Luxembourg S.C.A. raised its position in Imperial Oil by 8.8% during the first quarter. Candriam Luxembourg S.C.A. now owns 36,728 shares of the energy company’s stock valued at $972,000 after purchasing an additional 2,961 shares during the period. Burney Co. raised its position in Imperial Oil by 13.0% during the second quarter. Burney Co. now owns 26,084 shares of the energy company’s stock valued at $868,000 after purchasing an additional 3,004 shares during the period. Finally, Quantbot Technologies LP raised its position in Imperial Oil by 114.1% during the first quarter. Quantbot Technologies LP now owns 6,752 shares of the energy company’s stock valued at $178,000 after purchasing an additional 3,598 shares during the period.

A number of equities research analysts have issued reports on the company. Barclays upgraded Imperial Oil from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, July 11th. Morgan Stanley set a $52.00 price objective on Imperial Oil and gave the company a “hold” rating in a research report on Wednesday, May 23rd. TheStreet upgraded Imperial Oil from a “c” rating to a “b-” rating in a research report on Wednesday, May 30th. Finally, Zacks Investment Research downgraded Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $43.60.

IMO opened at $29.88 on Friday. Imperial Oil Ltd has a one year low of $25.91 and a one year high of $34.29.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its earnings results on Friday, July 27th. The energy company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.26). The business had revenue of $9.54 billion for the quarter, compared to the consensus estimate of $9 billion. Imperial Oil had a negative net margin of 1.70% and a negative return on equity of 2.22%. The company’s quarterly revenue was up 35.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.09) EPS.

About Imperial Oil

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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