Montrusco Bolton Investments INC Increased Imperial Oil LTD (NYSEMKT:IMO) by $9.97 Million as Shares Rose


Montrusco Bolton Investments Inc increased its stake in Imperial Oil Ltd (NYSEMKT:IMO) by 24% based on its latest 2016Q2 regulatory filing with the SEC. Montrusco Bolton Investments Inc bought 302,202 shares as the company’s stock rose 3.89% with the market. The institutional investor held 1.56 million shares of the integrated oil company at the end of 2016Q2, valued at $52.38M, up from 1.26 million at the end of the previous reported quarter. Montrusco Bolton Investments Inc who had been investing in Imperial Oil Ltd for a number of months, seems to be bullish on the $25.02B market cap company. The stock decreased 2.53% or $0.77 on September 13, hitting $29.66. About 140,824 shares traded hands or 11.49% up from the average. Imperial Oil Limited (USA) (NYSEMKT:IMO) has declined 2.59% since February 8, 2016 and is downtrending. It has underperformed by 19.08% the S&P500.

Montrusco Bolton Investments Inc, which manages about $6.00 billion and $1.21B US Long portfolio, decreased its stake in Pepsico Inc (NYSE:PEP) by 81,058 shares to 39,995 shares, valued at $4.10M in 2016Q2, according to the filing. It also reduced its holding in Royal Bk Cda Montreal Que (NYSE:RY) by 289,667 shares in the quarter, leaving it with 1.82 million shares, and cut its stake in Advantage Oil & Gas Ltd (NYSE:AAV).

Montrusco Bolton Investments Inc is a Quebec, Canada-based institutional investor with more than $6.00 billion AUM in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Montrusco Bolton Investments latest Adv, the fund reported to have 28 full and part-time employees. Among which 19 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Out of 4 analysts covering Imperial Oil (NYSEMKT:IMO), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. Imperial Oil has been the topic of 4 analyst reports since October 12, 2015 according to StockzIntelligence Inc. JP Morgan initiated the stock on August 25 with “Neutral” rating.

Imperial Oil Ltd is a Canada-based integrated oil company. The company has a market cap of $25.02 billion. The Firm is engaged in the exploration for, and production and sale of, natural gas and crude oil. It has a 110.28 P/E ratio. The Company’s activities are conducted in three divisions: Upstream, Downstream and Chemical.

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