Parallel Advisors LLC Sells 700 Shares of Imperial Oil Ltd (NYSEAMERICAN:IMO)

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Parallel Advisors LLC decreased its position in shares of Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 39.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,081 shares of the energy company’s stock after selling 700 shares during the period. Parallel Advisors LLC’s holdings in Imperial Oil were worth $30,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Scout Investments Inc. increased its position in Imperial Oil by 6.4% during the second quarter. Scout Investments Inc. now owns 95,208 shares of the energy company’s stock worth $2,634,000 after buying an additional 5,741 shares during the period. Highstreet Asset Management Inc. increased its holdings in shares of Imperial Oil by 24.6% in the first quarter. Highstreet Asset Management Inc. now owns 31,559 shares of the energy company’s stock valued at $862,000 after purchasing an additional 6,240 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Imperial Oil by 11.0% in the second quarter. CIBC Asset Management Inc now owns 152,459 shares of the energy company’s stock valued at $4,221,000 after purchasing an additional 15,083 shares during the period. American Research & Management Co. increased its holdings in shares of Imperial Oil by 15.1% in the second quarter. American Research & Management Co. now owns 54,657 shares of the energy company’s stock valued at $1,514,000 after purchasing an additional 7,176 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Imperial Oil by 3.2% in the second quarter. Swiss National Bank now owns 1,002,900 shares of the energy company’s stock valued at $27,767,000 after purchasing an additional 31,400 shares during the period.

A number of brokerages recently weighed in on IMO. TheStreet lowered Imperial Oil from a “b-” rating to a “c+” rating in a report on Friday, August 23rd. Zacks Investment Research downgraded Imperial Oil from a “hold” rating to a “strong sell” rating and set a $27.00 target price on the stock. in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.70.

IMO traded up $0.26 during midday trading on Wednesday, hitting $24.07. The company had a trading volume of 1,532 shares, compared to its average volume of 313,807. Imperial Oil Ltd has a 52 week low of $23.71 and a 52 week high of $34.56.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last posted its quarterly earnings data on Friday, August 2nd. The energy company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.06. The company had revenue of $6.92 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the company earned $0.24 EPS.

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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