Lingohr & Partner Asset Management GmbH Sells 1,050 Shares of Imperial Oil Ltd (IMO)
Lingohr & Partner Asset Management GmbH lessened its stake in Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,700 shares of the energy company’s stock after selling 1,050 shares during the quarter. Lingohr & Partner Asset Management GmbH’s holdings in Imperial Oil were worth $866,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Macquarie Group Ltd. acquired a new stake in Imperial Oil during the fourth quarter worth $38,000. Beutel Goodman & Co Ltd. increased its stake in Imperial Oil by 80.6% during the first quarter. Beutel Goodman & Co Ltd. now owns 1,743 shares of the energy company’s stock worth $48,000 after acquiring an additional 778 shares during the last quarter. Atlas Capital Advisors LLC acquired a new stake in Imperial Oil during the fourth quarter worth $138,000. Fruth Investment Management acquired a new stake in Imperial Oil during the first quarter worth $204,000. Finally, AlphaCrest Capital Management LLC acquired a new stake in Imperial Oil during the fourth quarter worth $220,000.
Several equities research analysts have issued reports on the company. Zacks Investment Research cut Imperial Oil from a “buy” rating to a “hold” rating in a research note on Monday. TheStreet raised Imperial Oil from a “c+” rating to a “b-” rating in a research note on Monday, April 22nd. Credit Suisse Group reissued a “hold” rating on shares of Imperial Oil in a research note on Friday, April 12th. Desjardins reissued a “hold” rating and set a $38.00 target price on shares of Imperial Oil in a research note on Tuesday, February 5th. Finally, Morgan Stanley set a $42.00 target price on Imperial Oil and gave the stock a “hold” rating in a research note on Tuesday, January 29th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. Imperial Oil presently has an average rating of “Hold” and a consensus target price of $38.41.
Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last released its quarterly earnings results on Friday, April 26th. The energy company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.09). The firm had revenue of $7.98 billion during the quarter, compared to analyst estimates of $8.21 billion. During the same period in the prior year, the company posted $0.62 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis.
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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