Scotia Capital Inc. raised its position in Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 3.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 171,589 shares of the energy company’s stock after acquiring an additional 6,360 shares during the period. Scotia Capital Inc.’s holdings in Imperial Oil were worth $4,740,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in shares of Imperial Oil by 32.2% in the 2nd quarter. Van ECK Associates Corp now owns 2,170 shares of the energy company’s stock worth $60,000 after acquiring an additional 528 shares during the period. Glen Harbor Capital Management LLC lifted its stake in shares of Imperial Oil by 10.7% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 4,590 shares of the energy company’s stock worth $122,000 after acquiring an additional 442 shares during the period. NumerixS Investment Technologies Inc lifted its stake in shares of 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 acquiring an additional 5,700 shares during the period. Addenda Capital Inc. acquired a new stake in shares of Imperial Oil in the 2nd quarter worth $241,000. Finally, AlphaCrest Capital Management LLC increased its holdings in shares of Imperial Oil by 12.6% in the 1st quarter. AlphaCrest Capital Management LLC now owns 9,800 shares of the energy company’s stock valued at $268,000 after purchasing an additional 1,100 shares in the last quarter.
NYSEAMERICAN:IMO traded down $0.17 during mid-day trading on Friday, hitting $26.42. 7,460 shares of the company’s stock traded hands, compared to its average volume of 310,191. Imperial Oil Ltd has a 1 year low of $23.71 and a 1 year high of $34.56.
A number of equities analysts have recently issued reports on IMO shares. Zacks Investment Research downgraded shares of Imperial Oil from a “hold” rating to a “strong sell” rating and set a $27.00 price target for the company. in a report on Wednesday, August 7th. TheStreet downgraded shares of Imperial Oil from a “b-” rating to a “c+” rating in a report on Friday, August 23rd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Imperial Oil presently has an average rating of “Hold” and an average price target of $37.70.
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.
Recommended Story: LIBOR
Want to see what other hedge funds are holding IMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO).
Receive News & Ratings for Imperial Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Imperial Oil and related companies with MarketBeat.com's FREE daily email newsletter.