USS Investment Management Ltd Purchases New Stake in Imperial Oil Ltd (NYSEAMERICAN:IMO)

USS Investment Management Ltd purchased a new stake in shares of Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 938,900 shares of the energy company’s stock, valued at approximately $25,965,000. USS Investment Management Ltd owned about 0.12% of Imperial Oil as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Macquarie Group Ltd. bought a new position in Imperial Oil in the 4th quarter worth $38,000. Beutel Goodman & Co Ltd. raised its holdings in Imperial Oil by 80.6% in the 1st quarter. Beutel Goodman & Co Ltd. now owns 1,743 shares of the energy company’s stock worth $48,000 after purchasing an additional 778 shares in the last quarter. NumerixS Investment Technologies Inc raised its holdings in 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 worth $164,000 after purchasing an additional 5,700 shares in the last quarter. Fruth Investment Management purchased a new stake in shares of Imperial Oil during the 1st quarter valued at about $204,000. Finally, Addenda Capital Inc. purchased a new stake in shares of Imperial Oil during the 2nd quarter valued at about $241,000.

Imperial Oil stock traded down $0.01 during trading on Wednesday, hitting $27.64. The company’s stock had a trading volume of 25,044 shares, compared to its average volume of 319,623. Imperial Oil Ltd has a 1-year low of $24.29 and a 1-year high of $34.56.

Several equities analysts have recently weighed in on the stock. TheStreet upgraded shares of Imperial Oil from a “c+” rating to a “b-” rating in a research note on Monday, April 22nd. Zacks Investment Research cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Finally, Credit Suisse Group reiterated a “hold” rating on shares of Imperial Oil in a research note on Friday, April 12th. Two equities research 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. The stock currently has an average rating of “Hold” and an average price target of $38.41.

About Imperial Oil

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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