Fmr LLC cut its holdings in shares of Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 1.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,825,700 shares of the energy company’s stock after selling 104,071 shares during the quarter. Fmr LLC owned 1.11% of Imperial Oil worth $285,615,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC grew its stake in shares of Imperial Oil by 2.3% during the 3rd quarter. Janus Henderson Group PLC now owns 76,710 shares of the energy company’s stock worth $2,488,000 after purchasing an additional 1,750 shares during the period. US Bancorp DE grew its stake in shares of Imperial Oil by 20.0% during the 2nd quarter. US Bancorp DE now owns 10,781 shares of the energy company’s stock worth $358,000 after purchasing an additional 1,794 shares during the period. Burney Co. grew its stake in shares of Imperial Oil by 13.0% during the 2nd quarter. Burney Co. now owns 26,084 shares of the energy company’s stock worth $868,000 after purchasing an additional 3,004 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Imperial Oil by 11.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 38,033 shares of the energy company’s stock worth $1,231,000 after purchasing an additional 3,933 shares during the period. Finally, Highstreet Asset Management Inc. grew its stake in shares of Imperial Oil by 16.8% during the 3rd quarter. Highstreet Asset Management Inc. now owns 34,592 shares of the energy company’s stock worth $1,119,000 after purchasing an additional 4,987 shares during the period.
Shares of IMO stock opened at $29.84 on Monday. Imperial Oil Ltd has a fifty-two week low of $25.91 and a fifty-two week high of $34.56.
Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings data on Friday, November 2nd. The energy company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The firm had revenue of $9.73 billion during the quarter, compared to analysts’ expectations of $10.67 billion. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 EPS.
A number of research firms recently issued reports on IMO. Zacks Investment Research cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Thursday. TheStreet raised shares of Imperial Oil from a “c” rating to a “b-” rating in a research note on Friday, October 5th. CIBC began coverage on shares of Imperial Oil in a research note on Friday, October 5th. They issued a “sector underperform” rating on the stock. Tudor Pickering raised shares of Imperial Oil from a “hold” rating to a “buy” rating in a research note on Thursday, October 11th. Finally, BMO Capital Markets reissued an “average” rating and issued a $48.00 price target on shares of Imperial Oil in a research note on Thursday, November 8th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.75.
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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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