As Imperial Oil LTD (IMO) Share Price Declined, Artisan Partners Limited Partnership Boosted Stake by $6.20 Million

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Artisan Partners Limited Partnership increased its stake in Imperial Oil Ltd (IMO) by 0.87% based on its latest 2019Q1 regulatory filing with the SEC. Artisan Partners Limited Partnership bought 229,776 shares as the company’s stock declined 4.73% . The institutional investor held 26.64 million shares of the integrated oil company at the end of 2019Q1, valued at $727.09M, up from 26.41 million at the end of the previous reported quarter. Artisan Partners Limited Partnership who had been investing in Imperial Oil Ltd for a number of months, seems to be bullish on the $18.57B market cap company. The stock decreased 0.08% or $0.02 during the last trading session, reaching $24.27. About 268,124 shares traded or 6.38% up from the average. Imperial Oil Limited (NYSEMKT:IMO) has declined 19.06% since August 15, 2018 and is downtrending. It has underperformed by 19.06% the S&P500.

Artisan Partners Limited Partnership, which manages about $50.70 billion US Long portfolio, decreased its stake in Alleghany Corp Del (NYSE:Y) by 52,850 shares to 50,228 shares, valued at $30.76 million in 2019Q1, according to the filing. It also reduced its holding in Aon Plc (NYSE:AON) by 2.65M shares in the quarter, leaving it with 6.67M shares, and cut its stake in Edwards Lifesciences Corp (NYSE:EW).

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