Pictet Asset Management Ltd. boosted its holdings in Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,395 shares of the energy company’s stock after acquiring an additional 1,400 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Imperial Oil were worth $2,538,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Glen Harbor Capital Management LLC lifted its holdings in Imperial Oil by 10.7% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 4,590 shares of the energy company’s stock valued at $122,000 after purchasing an additional 442 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Imperial Oil by 32.2% in the second quarter. Van ECK Associates Corp now owns 2,170 shares of the energy company’s stock valued at $60,000 after acquiring an additional 528 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Imperial Oil by 125.4% in the 3rd quarter. Lindbrook Capital LLC now owns 1,084 shares of the energy company’s stock worth $28,000 after acquiring an additional 603 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Imperial Oil by 9.3% in the 2nd quarter. US Bancorp DE now owns 10,593 shares of the energy company’s stock worth $294,000 after acquiring an additional 904 shares in the last quarter. Finally, KCS Wealth Advisory boosted its holdings in shares of Imperial Oil by 5.5% in the 2nd quarter. KCS Wealth Advisory now owns 20,082 shares of the energy company’s stock worth $556,000 after acquiring an additional 1,041 shares in the last quarter.
A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price target on Imperial Oil from $39.00 to $38.00 in a report on Wednesday, October 23rd. CIBC raised Imperial Oil to a “hold” rating and set a $38.00 price objective on the stock in a research note on Friday, November 1st. Goldman Sachs Group cut Imperial Oil from a “buy” rating to a “neutral” rating and increased their target price for the stock from $37.00 to $39.00 in a report on Thursday, September 26th. Citigroup cut Imperial Oil from a “neutral” rating to a “sell” rating in a report on Monday, October 7th. Finally, Raymond James restated a “sell” rating and issued a $31.00 target price on shares of Imperial Oil in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $35.29.
NYSEAMERICAN:IMO opened at $24.48 on Friday. Imperial Oil Ltd has a 52-week low of $23.66 and a 52-week high of $30.38.
Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its earnings results on Friday, November 1st. The energy company reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.69 billion.
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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