As Imperial Oil LTD (IMO) Stock Declined, Shareholder Sir Capital Management LP Has Lowered Stake

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Sir Capital Management Lp decreased its stake in Imperial Oil Ltd (IMO) by 52.46% based on its latest 2019Q2 regulatory filing with the SEC. Sir Capital Management Lp sold 250,087 shares as the company’s stock declined 4.73% . The hedge fund held 226,644 shares of the integrated oil company at the end of 2019Q2, valued at $6.27 million, down from 476,731 at the end of the previous reported quarter. Sir Capital Management Lp who had been investing in Imperial Oil Ltd for a number of months, seems to be less bullish one the $20.19 billion market cap company. The stock decreased 0.04% or $0.01 during the last trading session, reaching $26.58. About 127,831 shares traded. Imperial Oil Limited (NYSEMKT:IMO) has declined 19.06% since September 13, 2018 and is downtrending. It has underperformed by 19.06% the S&P500.

Sir Capital Management Lp, which manages about $1.60B and $572.35M US Long portfolio, upped its stake in Quanta Svcs Inc (NYSE:PWR) by 142,719 shares to 166,646 shares, valued at $6.36 million in 2019Q2, according to the filing. It also increased its holding in Enerplus Corp (NYSE:ERF) by 511,000 shares in the quarter, for a total of 2.38M shares, and has risen its stake in Grace W R & Co Del New (NYSE:GRA).

Analysts await Imperial Oil Limited (NYSEAMERICAN:IMO) to report earnings on November, 1. They expect $0.51 earnings per share, down 32.00 % or $0.24 from last year’s $0.75 per share. IMO’s profit will be $387.30 million for 13.03 P/E if the $0.51 EPS becomes a reality. After $0.66 actual earnings per share reported by Imperial Oil Limited for the previous quarter, Wall Street now forecasts -22.73 % negative EPS growth.

Imperial Oil Limited (NYSEAMERICAN:IMO) Ratings Chart

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