US Bancorp DE raised its holdings in Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 20.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,781 shares of the energy company’s stock after acquiring an additional 1,794 shares during the quarter. US Bancorp DE’s holdings in Imperial Oil were worth $358,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in IMO. State of Wisconsin Investment Board lifted its holdings in Imperial Oil by 397.9% in the first quarter. State of Wisconsin Investment Board now owns 280,892 shares of the energy company’s stock valued at $7,434,000 after acquiring an additional 224,477 shares during the period. Candriam Luxembourg S.C.A. increased its position in shares of Imperial Oil by 8.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 36,728 shares of the energy company’s stock valued at $972,000 after buying an additional 2,961 shares in the last quarter. Scout Investments Inc. increased its position in shares of Imperial Oil by 26.4% in the first quarter. Scout Investments Inc. now owns 105,464 shares of the energy company’s stock valued at $2,795,000 after buying an additional 22,031 shares in the last quarter. Artisan Partners Limited Partnership increased its position in shares of Imperial Oil by 12.7% in the first quarter. Artisan Partners Limited Partnership now owns 29,228,813 shares of the energy company’s stock valued at $774,081,000 after buying an additional 3,292,729 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Imperial Oil by 100.3% in the first quarter. JPMorgan Chase & Co. now owns 239,899 shares of the energy company’s stock valued at $6,356,000 after buying an additional 120,150 shares in the last quarter.

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

Shares of IMO stock opened at $29.88 on Friday. Imperial Oil Ltd has a fifty-two week low of $25.91 and a fifty-two week high of $34.29.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings results on Friday, July 27th. The energy company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $9.54 billion during the quarter, compared to analysts’ expectations of $9 billion. During the same quarter in the prior year, the business earned ($0.09) EPS. The company’s quarterly revenue was up 35.7% compared to the same quarter last year.

Imperial Oil 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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