Imperial Oil Ltd (IMO) Shares Bought by Burney Co.

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Burney Co. grew its holdings in Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 13.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 26,084 shares of the energy company’s stock after buying an additional 3,004 shares during the quarter. Burney Co.’s holdings in Imperial Oil were worth $868,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IMO. Virginia Retirement Systems ET AL lifted its holdings in Imperial Oil by 91.2% in the 1st quarter. Virginia Retirement Systems ET AL now owns 135,700 shares of the energy company’s stock worth $3,591,000 after buying an additional 64,709 shares during the period. State of Wisconsin Investment Board lifted its holdings in Imperial Oil by 397.9% in the 1st quarter. State of Wisconsin Investment Board now owns 280,892 shares of the energy company’s stock worth $7,434,000 after buying an additional 224,477 shares during the period. Candriam Luxembourg S.C.A. lifted its holdings in Imperial Oil by 8.8% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 36,728 shares of the energy company’s stock worth $972,000 after buying an additional 2,961 shares during the period. Scout Investments Inc. lifted its holdings in Imperial Oil by 26.4% in the 1st quarter. Scout Investments Inc. now owns 105,464 shares of the energy company’s stock worth $2,795,000 after buying an additional 22,031 shares during the period. Finally, Artisan Partners Limited Partnership lifted its stake in shares of Imperial Oil by 12.7% in the 1st quarter. Artisan Partners Limited Partnership now owns 29,228,813 shares of the energy company’s stock valued at $774,081,000 after purchasing an additional 3,292,729 shares during the period.

IMO stock opened at $30.38 on Friday. Imperial Oil Ltd has a twelve month low of $25.91 and a twelve month high of $34.29.

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

A number of research analysts have recently commented on the company. Barclays upgraded Imperial Oil from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, July 11th. Morgan Stanley set a $52.00 target price on Imperial Oil and gave the company a “hold” rating in a research note on Wednesday, May 23rd. TheStreet upgraded Imperial Oil from a “c” rating to a “b-” rating in a research note on Wednesday, May 30th. Finally, Zacks Investment Research cut Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $42.67.

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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