Montrusco Bolton Investments Lowers stake in Imperial Oil Limited (USA) (IMO)

Imperial Oil Limited (USA) (IMO) : Montrusco Bolton Investments reduced its stake in Imperial Oil Limited (USA) by 4.64% during the most recent quarter end. The investment management company now holds a total of 1,488,954 shares of Imperial Oil Limited (USA) which is valued at $47,333,848 after selling 72,394 shares in Imperial Oil Limited (USA) , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Imperial Oil Limited (USA) makes up approximately 2.89% of Montrusco Bolton Investments’s portfolio.

Other Hedge Funds, Including , Wealthtrust-arizona sold out all of its stake in IMO during the most recent quarter. The investment firm sold 692 shares of IMO which is valued $21,999.Acadian Asset Management reduced its stake in IMO by selling 27,800 shares or 64.8% in the most recent quarter. The Hedge Fund company now holds 15,100 shares of IMO which is valued at $481,690.Albert D Mason Inc boosted its stake in IMO in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 12,198 shares of Imperial Oil Limited (USA) which is valued at $389,116. Imperial Oil Limited (USA) makes up approx 0.24% of Albert D Mason Inc’s portfolio. Carroll Financial Associates sold out all of its stake in IMO during the most recent quarter. The investment firm sold 183 shares of IMO which is valued $5,838.

Imperial Oil Limited (USA) opened for trading at $31.65 and hit $32.09 on the upside on Wednesday, eventually ending the session at $31.9, with a gain of 0.31% or 0.1 points. The heightened volatility saw the trading volume jump to 1,06,073 shares. Company has a market cap of $27,038 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.

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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