Imperial Oil LTD (IMO) Position Upped by Paradigm Asset Management Co Llc

March 14, 2018 - By Nellie Frank

Paradigm Asset Management Co Llc increased its stake in Imperial Oil Ltd (IMO) by 35.97% based on its latest 2017Q3 regulatory filing with the SEC. Paradigm Asset Management Co Llc bought 5,000 shares as the company’s stock declined 11.40% while stock markets rallied. The institutional investor held 18,900 shares of the integrated oil company at the end of 2017Q3, valued at $603.67M, up from 13,900 at the end of the previous reported quarter. Paradigm Asset Management Co Llc who had been investing in Imperial Oil Ltd for a number of months, seems to be bullish on the $22.29 billion market cap company. The stock decreased 0.15% or $0.04 during the last trading session, reaching $26.55. About 247,238 shares traded. Imperial Oil Limited (NYSEMKT:IMO) has declined 6.78% since March 14, 2017 and is downtrending. It has underperformed by 23.48% the S&P500.

Paradigm Asset Management Co Llc, which manages about $386.05B US Long portfolio, decreased its stake in Tjx Companies Inc. (NYSE:TJX) by 4,550 shares to 12,610 shares, valued at $929.74 million in 2017Q3, according to the filing. It also reduced its holding in Visa Inc (NYSE:V) by 10,050 shares in the quarter, leaving it with 31,460 shares, and cut its stake in Hess Corp. (NYSE:HES).

More notable recent Imperial Oil Limited (NYSEAMERICAN:IMO) news were published by: which released: “Why Imperial Oil Ltd. Dropped 4.31% on Friday” on February 05, 2018, also with their article: “Divestment by world’s largest wealth fund would be US$2.86B hit to Canadian …” published on November 16, 2017, published: “Imperial Oil reports fourth-quarter loss on northern gas project writedowns” on February 02, 2018. More interesting news about Imperial Oil Limited (NYSEAMERICAN:IMO) were released by: and their article: “Validea Joseph Piotroski Strategy Daily Upgrade Report – 3/13/2018” published on March 13, 2018 as well as‘s news article titled: “Imperial Oil Ltd. & Suncor Energy Inc.: 2 Names That Should Outperform With …” with publication date: July 05, 2017.

Imperial Oil Limited (NYSEAMERICAN:IMO) Ratings Coverage

Among 8 analysts covering Imperial Oil (NYSEMKT:IMO), 2 have Buy rating, 3 Sell and 3 Hold. Therefore 25% are positive. Imperial Oil had 10 analyst reports since October 12, 2015 according to SRatingsIntel. The rating was initiated by Bank of America on Friday, August 19 with “Underperform”. The firm has “Underperform” rating given on Tuesday, January 24 by Macquarie Research. Goldman Sachs downgraded the shares of IMO in report on Wednesday, April 5 to “Sell” rating. The company was upgraded on Monday, October 24 by Credit Suisse. JP Morgan initiated the shares of IMO in report on Thursday, August 25 with “Neutral” rating. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, October 25. The firm has “Neutral” rating given on Monday, October 31 by Macquarie Research. The rating was upgraded by Raymond James on Thursday, September 22 to “Outperform”. The rating was downgraded by Barclays Capital on Monday, October 12 to “Equal-Weight”. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, November 5.

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