Quantbot Technologies LP Has $1.33 Million Stake in Imperial Oil Limited $IMO

Key Points

• Quantbot Technologies LP increased its stake in Imperial Oil Limited by 485.9%, acquiring an additional 15,262 shares to bring its total holdings to 18,403 shares valued at approximately $1.33 million.
• Institutional investors currently own 20.74% of Imperial Oil, with several hedge funds making significant transactions during the first quarter, including a new stake from Wayfinding Financial LLC worth $26,000.
• Analyst ratings have varied, with Wolfe Research and Desjardins lowering their ratings on Imperial Oil, leading to an average rating of "Reduce" and a target price of $105.50.

Quantbot Technologies LP boosted its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 485.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,403 shares of the energy company's stock after purchasing an additional 15,262 shares during the period. Quantbot Technologies LP's holdings in Imperial Oil were worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new position in Imperial Oil in the first quarter valued at $26,000. Group One Trading LLC grew its position in shares of Imperial Oil by 29.7% in the 4th quarter. Group One Trading LLC now owns 755 shares of the energy company's stock valued at $47,000 after acquiring an additional 173 shares during the period. GAMMA Investing LLC grew its position in shares of Imperial Oil by 7,136.4% in the 1st quarter. GAMMA Investing LLC now owns 796 shares of the energy company's stock valued at $580,000 after acquiring an additional 785 shares during the period. Continuum Advisory LLC bought a new position in shares of Imperial Oil in the 1st quarter valued at about $71,000. Finally, AdvisorNet Financial Inc grew its position in shares of Imperial Oil by 104.0% in the 1st quarter. AdvisorNet Financial Inc now owns 1,275 shares of the energy company's stock valued at $92,000 after acquiring an additional 650 shares during the period. Institutional investors own 20.74% of the company's stock.

Imperial Oil Stock Performance

Shares of IMO stock traded up $1.99 during midday trading on Wednesday, hitting $89.78. 175,737 shares of the company were exchanged, compared to its average volume of 448,681. The firm has a market capitalization of $45.48 billion, a P/E ratio of 13.83 and a beta of 0.92. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.58. The firm's 50 day moving average price is $82.78 and its two-hundred day moving average price is $73.97. Imperial Oil Limited has a 52 week low of $58.76 and a 52 week high of $89.80.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Raymond James Financial downgraded shares of Imperial Oil from a "moderate buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Tudor Pickering downgraded shares of Imperial Oil from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Desjardins downgraded shares of Imperial Oil from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 3rd. BMO Capital Markets reissued an "outperform" rating on shares of Imperial Oil in a research report on Monday, August 4th. Finally, Wolfe Research downgraded shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $105.50.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.