Swiss National Bank Boosts Stock Position in Imperial Oil Ltd (NYSEAMERICAN:IMO)

Swiss National Bank grew its stake in Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,002,900 shares of the energy company’s stock after purchasing an additional 31,400 shares during the period. Swiss National Bank owned approximately 0.13% of Imperial Oil worth $27,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of IMO. USS Investment Management Ltd purchased a new stake in shares of Imperial Oil in the second quarter valued at approximately $25,965,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Imperial Oil in the first quarter worth approximately $10,630,000. Toronto Dominion Bank grew its position in Imperial Oil by 21.9% in the first quarter. Toronto Dominion Bank now owns 1,560,908 shares of the energy company’s stock worth $42,790,000 after acquiring an additional 280,889 shares during the period. O Shaughnessy Asset Management LLC grew its position in Imperial Oil by 227.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 353,653 shares of the energy company’s stock worth $9,599,000 after acquiring an additional 245,493 shares during the period. Finally, Artisan Partners Limited Partnership grew its position in Imperial Oil by 0.9% in the first quarter. Artisan Partners Limited Partnership now owns 26,635,116 shares of the energy company’s stock worth $727,092,000 after acquiring an additional 229,776 shares during the period.

NYSEAMERICAN:IMO opened at $24.67 on Thursday. Imperial Oil Ltd has a 12 month low of $24.07 and a 12 month high of $34.56.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its quarterly earnings data on Friday, August 2nd. The energy company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.06. The firm had revenue of $6.92 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the previous year, the business posted $0.24 EPS.

Separately, Zacks Investment Research lowered Imperial Oil from a “hold” rating to a “strong sell” rating and set a $27.00 price objective for the company. in a research report on Wednesday, August 7th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $37.70.

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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