Guinness Asset Management Ltd buys $10,787,299 stake in Imperial Oil Limited (USA) (IMO)

Imperial Oil Limited (USA) (IMO) : Guinness Asset Management Ltd scooped up 35,200 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 Jul 25, 2016. The investment management firm now holds a total of 353,566 shares of Imperial Oil Limited (USA) which is valued at $10,787,299.Imperial Oil Limited (USA) makes up approximately 2.95% of Guinness Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Shell Asset Management Co boosted its stake in IMO in the latest quarter, The investment management firm added 27,405 additional shares and now holds a total of 96,816 shares of Imperial Oil Limited (USA) which is valued at $2,953,856. Imperial Oil Limited (USA) makes up approx 0.07% of Shell Asset Management Co’s portfolio.Dorchester Wealth Management Co reduced its stake in IMO by selling 850 shares or 6.67% in the most recent quarter. The Hedge Fund company now holds 11,900 shares of IMO which is valued at $378,301. Imperial Oil Limited (USA) makes up approx 0.14% of Dorchester Wealth Management Co’s portfolio.Cutler Group Lp boosted its stake in IMO in the latest quarter, The investment management firm added 488 additional shares and now holds a total of 1,452 shares of Imperial Oil Limited (USA) which is valued at $46,275.

Imperial Oil Limited (USA) opened for trading at $30.45 and hit $31.01 on the upside on Friday, eventually ending the session at $30.69, with a gain of 0.13% or 0.04 points. The heightened volatility saw the trading volume jump to 1,30,823 shares. Company has a market cap of $26,013 M.

On the company’s financial health, Imperial Oil Limited (USA) reported $-0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.30 based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus of $0.09. The company had revenue of $6248.00 million for the quarter.The company’s revenue was down -14.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

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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