Allianz Asset Management GmbH lowered its stake in shares of Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 31.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,347 shares of the energy company’s stock after selling 7,464 shares during the quarter. Allianz Asset Management GmbH’s holdings in Imperial Oil were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in shares of Imperial Oil by 32.2% in the 2nd 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 period. NumerixS Investment Technologies Inc increased its holdings in shares of Imperial Oil by 1,900.0% in the 1st quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the energy company’s stock valued at $164,000 after acquiring an additional 5,700 shares during the period. Addenda Capital Inc. acquired a new position in shares of Imperial Oil in the 2nd quarter valued at $241,000. AlphaCrest Capital Management LLC increased its holdings in shares of Imperial Oil by 12.6% in the 1st quarter. AlphaCrest Capital Management LLC now owns 9,800 shares of the energy company’s stock valued at $268,000 after acquiring an additional 1,100 shares during the period. Finally, Community Bank N.A. acquired a new position in shares of Imperial Oil in the 2nd quarter valued at $304,000.
Shares of IMO opened at $26.59 on Friday. 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 announced its quarterly earnings data on Friday, August 2nd. The energy company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.06. The firm had revenue of $6.92 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period in the prior year, the firm posted $0.24 earnings per share.
A number of equities analysts have recently commented on IMO shares. TheStreet cut shares of Imperial Oil from a “b-” rating to a “c+” rating in a report on Friday, August 23rd. Zacks Investment Research cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating and set a $27.00 target price on the stock. in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus 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.
Read More: Cash Flow Analysis in Stock Selection
Want to see what other hedge funds are holding IMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO).
Receive News & Ratings for Imperial Oil Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Imperial Oil and related companies with MarketBeat.com’s FREE daily email newsletter.