As Imperial Oil LTD (IMO) Market Valuation Declined, Holder Cibc Asset Management Has Lowered by $1.07 Million Its Stake; Holder Newfocus Financial Group Has Raised General Dynamics (GD) Holding

Imperial Oil Limited (NYSEAMERICAN:IMO) Logo

Cibc Asset Management Inc decreased its stake in Imperial Oil Ltd (IMO) by 20.78% based on its latest 2018Q3 regulatory filing with the SEC. Cibc Asset Management Inc sold 33,321 shares as the company’s stock declined 7.41% with the market. The institutional investor held 127,061 shares of the integrated oil company at the end of 2018Q3, valued at $4.11 million, down from 160,382 at the end of the previous reported quarter. Cibc Asset Management Inc who had been investing in Imperial Oil Ltd for a number of months, seems to be less bullish one the $21.05B market cap company. The stock decreased 0.75% or $0.2 during the last trading session, reaching $26.58. About 524,102 shares traded or 30.92% up from the average. Imperial Oil Limited (NYSEMKT:IMO) has declined 11.79% since January 12, 2018 and is downtrending. It has underperformed by 11.79% the S&P500. Some Historical IMO News: 23/04/2018 – Imperial Oil Closes Above 200-Day Moving Average: Technicals; 20/04/2018 – NORWAY’S SOVEREIGN WEALTH FUND: WILL VOTE IN FAVOUR OF THE SHAREHOLDER PROPOSAL RELATED TO DISCLOSURE OF WATER-RELATED RISKS AT THE ANNUAL GENERAL MEETING OF IMPERIAL OIL LIMITED ON 27 APRIL; 04/05/2018 – IMPERIAL OIL LTD IMO.TO : RBC RAISES TARGET PRICE TO C$43 FROM C$42; 27/04/2018 – Imperial Oil 1Q EPS C$0.62; 27/04/2018 – Imperial Oil Raises Quarterly Dividend to C$0.19 From C$0.16; 20/04/2018 – Norway Oil Fund Will Vote in Favour of Shareholder Proposal Related to Disclosure of Water-Related Risks in Imperial Oil Limited; 05/04/2018 – Imperial Oil Closes Above 50-Day Moving Average: Technicals; 27/04/2018 – Imperial Increases Existing Share Repurchase Program; 07/03/2018 – IMPERIAL OIL LTD – INVESTIGATION INTO CAUSE OF AVGAS FUEL QUALITY ISSUE IS PROGRESSING; 17/04/2018 – IMPERIAL OIL RESOURCES, EXXONMOBIL CANADA INITIATED PROCESS FOR MONETIZATION OF HORN RIVER ASSETS

Newfocus Financial Group Llc increased its stake in General Dynamics Corp (GD) by 19.73% based on its latest 2018Q3 regulatory filing with the SEC. Newfocus Financial Group Llc bought 1,758 shares as the company’s stock declined 12.00% with the market. The institutional investor held 10,667 shares of the marine transportation company at the end of 2018Q3, valued at $2.18 million, up from 8,909 at the end of the previous reported quarter. Newfocus Financial Group Llc who had been investing in General Dynamics Corp for a number of months, seems to be bullish on the $48.51 billion market cap company. The stock increased 0.85% or $1.38 during the last trading session, reaching $163.81. About 1.24 million shares traded. General Dynamics Corporation (NYSE:GD) has declined 13.97% since January 12, 2018 and is downtrending. It has underperformed by 13.97% the S&P500. Some Historical GD News: 19/03/2018 – General Dynamics Shuns CSRA Price War as CACI Bids $7.2 Billion; 22/03/2018 – GENERAL DYNAMICS FILES DEBT SECURITIES SHELF; 20/03/2018 – GENERAL DYNAMICS CORP – AGGREGATE COMMITMENTS IN RESPECT OF 364-DAY CREDIT FACILITY WILL NOT BE REDUCED BELOW $2.0 BLN; 04/04/2018 – China retaliates, slaps duties on U.S. soybeans, planes; markets skid; 25/04/2018 – GENERAL DYNAMICS CEO SAYS TAX REFORM HELPING GULFSTREAM DEMAND; 20/03/2018 – GD TO USE LOAN TO FOR GEN. CORP PURPOSES INCL. DEAL FINANCING; 11/05/2018 – Fitch Plans to Withdraw Ratings of General Dynamics Corp. for Commercial Reasons; 18/03/2018 – General Dynamics to Proceed With All Cash Offer to Acquire CSRA; 25/04/2018 – General Dynamics 1Q-End Total Potential Contract Value $87.6B; 25/04/2018 – GENERAL DYNAMICS CORP – TOTAL BACKLOG AT END OF FIRST-QUARTER 2018 WAS $62.1 BLN

More notable recent Imperial Oil Limited (NYSEAMERICAN:IMO) news were published by: Stockhouse.com which released: “5 rare earth element (REE) stocks with production potential (T.AVL) (V.MAT) (V.GEM) (V.ORT) (T.QRM) – Stockhouse” on June 30, 2014, also Marketwatch.com with their article: “Keystone pipeline: Who wins when the oil flows? – MarketWatch” published on January 25, 2013, Stockhouse.com published: “Former Canaccord broker Nicola More sanctioned by IIROC, agrees to pay $35000 – Stockhouse” on June 24, 2014. More interesting news about Imperial Oil Limited (NYSEAMERICAN:IMO) were released by: Prnewswire.com and their article: “LiqTech Signs Framework Agreement With Marine Scrubber Manufacturer – PR Newswire” published on March 21, 2018 as well as Marketwatch.com‘s news article titled: “Goldman Sachs picks its favorites among major oil companies, refiners – MarketWatch” with publication date: April 07, 2017.

Analysts await Imperial Oil Limited (NYSEAMERICAN:IMO) to report earnings on February, 1. They expect $0.62 EPS, up 51.22% or $0.21 from last year’s $0.41 per share. IMO’s profit will be $491.03 million for 10.72 P/E if the $0.62 EPS becomes a reality. After $0.75 actual EPS reported by Imperial Oil Limited for the previous quarter, Wall Street now forecasts -17.33% negative EPS growth.

Cibc Asset Management Inc, which manages about $16.17 billion US Long portfolio, upped its stake in Tahoe Res Inc (NYSE:TAHO) by 464,850 shares to 722,504 shares, valued at $2.00M in 2018Q3, according to the filing. It also increased its holding in Alphabet Inc by 1,413 shares in the quarter, for a total of 59,261 shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

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 earned “Sector Perform” rating on Thursday, November 5 by RBC Capital Markets. The stock has “Outperform” rating by Credit Suisse on Monday, October 24. The company was downgraded on Monday, October 12 by Barclays Capital. As per Thursday, September 22, the company rating was upgraded by Raymond James. The stock has “Underperform” rating by Macquarie Research on Tuesday, January 24. Goldman Sachs downgraded the stock to “Sell” rating in Wednesday, April 5 report. The rating was initiated by Bank of America with “Underperform” on Friday, August 19. The firm has “Neutral” rating given on Thursday, August 25 by JP Morgan. The company was upgraded on Monday, October 31 by Macquarie Research. As per Tuesday, October 25, the company rating was initiated by Goldman Sachs.

Since September 14, 2018, it had 2 insider purchases, and 2 insider sales for $19.29 million activity. Another trade for 600 shares valued at $100,585 was made by Reynolds Catherine B on Friday, December 7. CASEY JOHN PATRICK sold $4.35 million worth of stock or 22,500 shares. 3,000 shares were bought by Malcolm Mark, worth $509,612 on Friday, October 26.

Among 23 analysts covering General Dynamics Corporation (NYSE:GD), 12 have Buy rating, 2 Sell and 9 Hold. Therefore 52% are positive. General Dynamics Corporation had 91 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of General Dynamics Corporation (NYSE:GD) has “Buy” rating given on Friday, June 2 by RBC Capital Markets. The firm earned “Underweight” rating on Thursday, April 12 by Morgan Stanley. Credit Suisse maintained General Dynamics Corporation (NYSE:GD) rating on Tuesday, May 22. Credit Suisse has “Buy” rating and $23400 target. Bernstein maintained the stock with “Market Perform” rating in Wednesday, February 24 report. The firm has “Buy” rating by Argus Research given on Friday, October 26. On Thursday, October 6 the stock rating was initiated by Robert W. Baird with “Outperform”. On Monday, September 18 the stock rating was maintained by Cowen & Co with “Buy”. As per Friday, June 22, the company rating was maintained by Morgan Stanley. The stock has “Hold” rating by Jefferies on Tuesday, January 8. The rating was maintained by Robert W. Baird on Thursday, January 25 with “Buy”.

Investors sentiment increased to 1.08 in Q3 2018. Its up 0.18, from 0.9 in 2018Q2. It is positive, as 57 investors sold GD shares while 286 reduced holdings. 91 funds opened positions while 278 raised stakes. 229.88 million shares or 0.59% more from 228.52 million shares in 2018Q2 were reported. Tci Wealth Advsrs Inc stated it has 0.01% in General Dynamics Corporation (NYSE:GD). Hudock Grp Lc stated it has 45 shares. Miller Investment Mngmt Limited Partnership reported 1,554 shares stake. Moors & Cabot accumulated 5,303 shares. Elm Advisors Lc has invested 0.6% in General Dynamics Corporation (NYSE:GD). Pitcairn stated it has 0.13% in General Dynamics Corporation (NYSE:GD). Gsa Prtnrs Llp holds 1,168 shares or 0.01% of its portfolio. Manchester Management Limited Liability Corp stated it has 1,048 shares. 45,922 were reported by Metropolitan Life New York. Gofen & Glossberg Llc Il invested in 0.02% or 3,391 shares. Moreover, Kentucky Retirement Systems Insurance Tru Fund has 0.24% invested in General Dynamics Corporation (NYSE:GD). Bowling Portfolio Mngmt Limited Liability Company holds 1,050 shares. Farmers And Merchants Invests Inc invested 0.05% of its portfolio in General Dynamics Corporation (NYSE:GD). Cls Invests invested 0% of its portfolio in General Dynamics Corporation (NYSE:GD). Utd Fire Inc has 5,000 shares.

General Dynamics Corporation (NYSE:GD) Institutional Positions Chart

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