Artisan Partners Limited Partnership Lowers stake in Imperial Oil Limited (USA) (IMO)

Imperial Oil Limited (USA) (IMO) : Artisan Partners Limited Partnership reduced its stake in Imperial Oil Limited (USA) by 1.21% during the most recent quarter end. The investment management company now holds a total of 16,678,251 shares of Imperial Oil Limited (USA) which is valued at $530,034,817 after selling 203,840 shares in Imperial Oil Limited (USA) , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Imperial Oil Limited (USA) makes up approximately 1.07% of Artisan Partners Limited Partnership’s portfolio.

Other Hedge Funds, Including , State Of Wisconsin Investment Board reduced its stake in IMO by selling 111,700 shares or 40.88% in the most recent quarter. The Hedge Fund company now holds 161,515 shares of IMO which is valued at $5,132,947. Imperial Oil Limited (USA) makes up approx 0.02% of State Of Wisconsin Investment Board’s portfolio.Blackrock Fund Advisors reduced its stake in IMO by selling 109 shares or 14.21% in the most recent quarter. The Hedge Fund company now holds 658 shares of IMO which is valued at $20,911.Mufg Americas Holdings Corp reduced its stake in IMO by selling 3 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 3,699 shares of IMO which is valued at $116,629.Checchi Capital Advisers reduced its stake in IMO by selling 109 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 3,181 shares of IMO which is valued at $101,124. Imperial Oil Limited (USA) makes up approx 0.02% of Checchi Capital Advisers’s portfolio.

Imperial Oil Limited (USA) opened for trading at $31.33 and hit $31.845 on the upside on Tuesday, eventually ending the session at $31.73, with a gain of 0.92% or 0.29 points. The heightened volatility saw the trading volume jump to 1,97,652 shares. Company has a market cap of $26,894 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.

Many Wall Street Analysts have commented on Imperial Oil Limited (USA). Imperial Oil Limited (USA) was Initiated by JP Morgan to “Neutral” on Aug 25, 2016. Imperial Oil Limited (USA) was Initiated by BofA/Merrill to “Underperform” on Aug 19, 2016.

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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