Artisan Partners Limited Partnership buys $523.2 Million stake in Imperial Oil Limited (USA) (IMO)

Imperial Oil Limited (USA) (IMO) : Artisan Partners Limited Partnership scooped up 277,155 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 May 12, 2016. The investment management firm now holds a total of 16,882,091 shares of Imperial Oil Limited (USA) which is valued at $523.2 Million.Imperial Oil Limited (USA) makes up approximately 1.09% of Artisan Partners Limited Partnership’s portfolio.

Other Hedge Funds, Including , Omers Administration Corp sold out all of its stake in IMO during the most recent quarter. The investment firm sold 15,600 shares of IMO which is valued $483,444.Mufg Americas Holdings Corp reduced its stake in IMO by selling 94 shares or 2.48% in the most recent quarter. The Hedge Fund company now holds 3,702 shares of IMO which is valued at $114,725.Finemark National Bank Trust boosted its stake in IMO in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 349 shares of Imperial Oil Limited (USA) which is valued at $10,816. Andra Ap-fonden added IMO to its portfolio by purchasing 92,700 company shares during the most recent quarter which is valued at $3 Million. Imperial Oil Limited (USA) makes up approx 0.08% of Andra Ap-fonden’s portfolio.Tci Wealth Advisors reduced its stake in IMO by selling 8,800 shares or 64.04% in the most recent quarter. The Hedge Fund company now holds 4,941 shares of IMO which is valued at $162,954. Imperial Oil Limited (USA) makes up approx 0.09% of Tci Wealth Advisors’s portfolio.

Imperial Oil Limited (USA) opened for trading at $31.19 and hit $31.51 on the upside on Friday, eventually ending the session at $31.24, with a gain of 0.45% or 0.14 points. The heightened volatility saw the trading volume jump to 2,42,741 shares. Company has a market cap of $26,479 M.

On the company’s financial health, Imperial Oil Limited (USA) reported $-0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $0.06. The company had revenue of $5222.00 million for the quarter.The company’s revenue was down -15.8 % compared to the same quarter last year.

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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