11,835 Shares in Imperial Oil Ltd (NYSEAMERICAN:IMO) Bought by ARP Americas LP

ARP Americas LP purchased a new position in shares of Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,835 shares of the energy company’s stock, valued at approximately $308,000.

Other large investors have also modified their holdings of the company. Lindbrook Capital LLC lifted its stake in shares of Imperial Oil by 125.4% in the 3rd quarter. Lindbrook Capital LLC now owns 1,084 shares of the energy company’s stock worth $28,000 after acquiring an additional 603 shares during the period. Stonebridge Capital Advisors LLC acquired a new stake in shares of Imperial Oil in the 2nd quarter worth $55,000. Van ECK Associates Corp lifted its stake in shares of Imperial Oil by 32.2% in the 2nd quarter. Van ECK Associates Corp now owns 2,170 shares of the energy company’s stock worth $60,000 after acquiring an additional 528 shares during the period. Signaturefd LLC lifted its stake in shares of Imperial Oil by 130.4% in the 3rd quarter. Signaturefd LLC now owns 3,170 shares of the energy company’s stock worth $83,000 after acquiring an additional 1,794 shares during the period. Finally, Glen Harbor Capital Management LLC lifted its stake in shares of Imperial Oil by 10.7% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 4,590 shares of the energy company’s stock worth $122,000 after acquiring an additional 442 shares during the period.

Shares of IMO opened at $26.39 on Thursday. Imperial Oil Ltd has a 52-week low of $23.66 and a 52-week high of $32.80.

Several research firms have recently commented on IMO. Citigroup cut shares of Imperial Oil from a “neutral” rating to a “sell” rating in a research note on Monday, October 7th. Zacks Investment Research cut shares of Imperial Oil from a “hold” rating to a “strong sell” rating and set a $27.00 target price for the company. in a research note on Wednesday, August 7th. Morgan Stanley reduced their target price on shares of Imperial Oil from $39.00 to $38.00 in a research note on Wednesday, October 23rd. AltaCorp Capital downgraded shares of Imperial Oil from a “sector perform” rating to an “underperform” rating in a report on Friday, October 11th. Finally, Raymond James reiterated a “sell” rating on shares of Imperial Oil in a report on Monday. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. Imperial Oil has an average rating of “Hold” and an average target price of $37.63.

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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