QS Investors LLC lifted its stake in shares of Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 506.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 176,506 shares of the energy company’s stock after acquiring an additional 147,406 shares during the period. QS Investors LLC’s holdings in Imperial Oil were worth $4,469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Imperial Oil by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 504,841 shares of the energy company’s stock worth $16,786,000 after purchasing an additional 24,866 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Imperial Oil by 151.9% in the third quarter. JPMorgan Chase & Co. now owns 427,176 shares of the energy company’s stock worth $13,827,000 after purchasing an additional 257,605 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in Imperial Oil by 4.3% in the third quarter. Commonwealth Bank of Australia now owns 125,013 shares of the energy company’s stock worth $4,043,000 after purchasing an additional 5,100 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in Imperial Oil in the third quarter worth $2,910,000. Finally, Crossmark Global Holdings Inc. lifted its stake in Imperial Oil by 11.5% in the third quarter. Crossmark Global Holdings Inc. now owns 38,033 shares of the energy company’s stock worth $1,231,000 after purchasing an additional 3,933 shares during the last quarter.

Shares of NYSEAMERICAN IMO opened at $27.31 on Friday. Imperial Oil Ltd has a 1 year low of $24.29 and a 1 year high of $34.56.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its quarterly earnings results on Friday, February 1st. The energy company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.24. The company had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $8.89 billion. During the same quarter in the prior year, the firm earned ($0.16) EPS. Imperial Oil’s quarterly revenue was down 2.3% compared to the same quarter last year.

IMO has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Imperial Oil from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Monday, November 19th. Bank of America upgraded shares of Imperial Oil from a “neutral” rating to a “buy” rating in a research report on Friday, January 4th. TheStreet cut shares of Imperial Oil from a “b-” rating to a “c+” rating in a research report on Monday, December 24th. Morgan Stanley set a $42.00 price objective on shares of Imperial Oil and gave the company a “hold” rating in a research report on Tuesday, January 29th. Finally, TD Securities restated a “hold” rating and issued a $37.00 price objective on shares of Imperial Oil in a research report on Monday, January 7th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $38.15.

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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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Institutional Ownership by Quarter for Imperial Oil (NYSEAMERICAN:IMO)

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