Montrusco Bolton Investments buys $50,041,203 stake in Imperial Oil Limited (USA) (IMO)

Imperial Oil Limited (USA) (IMO) : Montrusco Bolton Investments scooped up 302,202 additional shares in Imperial Oil Limited (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 1,561,348 shares of Imperial Oil Limited (USA) which is valued at $50,041,203.Imperial Oil Limited (USA) makes up approximately 3.92% of Montrusco Bolton Investments’s portfolio.

Imperial Oil Limited (USA) opened for trading at $32.02 and hit $32.62 on the upside on Friday, eventually ending the session at $32.05, with a gain of 0.66% or 0.21 points. The heightened volatility saw the trading volume jump to 1,83,146 shares. Company has a market cap of $27,166 M.

Other Hedge Funds, Including , Acadian Asset Management boosted its stake in IMO in the latest quarter, The investment management firm added 11,800 additional shares and now holds a total of 42,900 shares of Imperial Oil Limited (USA) which is valued at $1,335,048. Imperial Oil Limited (USA) makes up approx 0.01% of Acadian Asset Management’s portfolio. Guinness Atkinson Asset Management Inc added IMO to its portfolio by purchasing 51,401 company shares during the most recent quarter which is valued at $1,599,599. Imperial Oil Limited (USA) makes up approx 0.98% of Guinness Atkinson Asset Management Inc’s portfolio.Creative Planning reduced its stake in IMO by selling 4,500 shares or 44.53% in the most recent quarter. The Hedge Fund company now holds 5,606 shares of IMO which is valued at $173,506.

On the company’s financial health, Imperial Oil Limited (USA) reported $0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.11 based on the information available during the earnings call on Feb 2, 2016. Analyst had a consensus of $0.23. The company had revenue of $6229.00 million for the quarter, compared to analysts expectations of $7076.56 million. The company’s revenue was down -22.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.79 EPS.

Many Wall Street Analysts have commented on Imperial Oil Limited (USA). Imperial Oil Limited (USA) was Initiated by Morgan Stanley to “Underweight” on Apr 5, 2016. Company shares were Reiterated by RBC Capital Mkts on Mar 10, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 46 from a previous price target of $44 .

Imperial Oil Limited is an integrated oil company. The Company is engaged in the exploration for and production and sale of crude oil and natural gas. The Company’s operations are conducted in three main segments: Upstream Downstream and Chemical. Upstream operations include the exploration for and production of crude oil natural gas synthetic oil and bitumen. Downstream operations consist of the transportation and refining of crude oil blending of refined products and the distribution and marketing of those products. Chemical operations consist of the manufacturing and marketing of various petrochemicals. The Company’s Chemical operations manufacture and market ethylene benzene aromatic and aliphatic solvents plasticizer intermediates and polyethylene resin.

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