Paradigm Asset Management Co LLC Increases Stake in Imperial Oil LTD (IMO)

March 14, 2018 - By Marguerite Chambers

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 $22.29B 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 Cit Group Inc (NYSE:CIT) by 3,550 shares to 10,510 shares, valued at $515.52 million in 2017Q3, according to the filing. It also reduced its holding in Devon Energy (New) (NYSE:DVN) by 32,050 shares in the quarter, leaving it with 91,030 shares, and cut its stake in Mcdonalds Corp. (NYSE:MCD).

More notable recent Imperial Oil Limited (NYSEAMERICAN:IMO) news were published by: which released: “Imperial Oil reports fourth-quarter loss on northern gas project writedowns” on February 02, 2018, also with their article: “Why Imperial Oil Ltd. Dropped 4.31% on Friday” published on February 05, 2018, published: “Imperial Oil Ltd. & Suncor Energy Inc.: 2 Names That Should Outperform With …” on July 05, 2017. More interesting news about Imperial Oil Limited (NYSEAMERICAN:IMO) were released by: and their article: “Exxon Mobil profit disappoints Wall Street, Chevron shines” published on July 28, 2017 as well as‘s news article titled: “Validea Joseph Piotroski Strategy Daily Upgrade Report – 3/13/2018” with publication date: March 13, 2018.

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 firm has “Underperform” rating given on Friday, August 19 by Bank of America. The firm has “Sell” rating given on Wednesday, April 5 by Goldman Sachs. The firm has “Outperform” rating by Credit Suisse given on Monday, October 24. The stock has “Neutral” rating by Macquarie Research on Monday, October 31. The stock has “Equal-Weight” rating by Barclays Capital on Monday, October 12. Raymond James upgraded the stock to “Outperform” rating in Thursday, September 22 report. The stock has “Neutral” rating by JP Morgan on Thursday, August 25. The firm earned “Sector Perform” rating on Thursday, November 5 by RBC Capital Markets. Goldman Sachs initiated Imperial Oil Limited (NYSEAMERICAN:IMO) on Tuesday, October 25 with “Neutral” rating. The firm has “Underperform” rating given on Tuesday, January 24 by Macquarie Research.

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