Imperial Oil LTD (IMO) Market Value Declined While Guinness Atkinson Asset Management Has Decreased Its Stake; D L Carlson Investment Group Has Raised Its Cree (CREE) Position by $2.44 Million; Stock Rose

April 21, 2018 - By Peter Erickson

Imperial Oil Limited (NYSEAMERICAN:IMO) Logo

Guinness Atkinson Asset Management Inc decreased its stake in Imperial Oil Ltd (IMO) by 24.78% based on its latest 2017Q4 regulatory filing with the SEC. Guinness Atkinson Asset Management Inc sold 11,100 shares as the company’s stock declined 12.82% with the market. The institutional investor held 33,701 shares of the integrated oil company at the end of 2017Q4, valued at $1.05M, down from 44,801 at the end of the previous reported quarter. Guinness Atkinson Asset Management Inc who had been investing in Imperial Oil Ltd for a number of months, seems to be less bullish one the $23.50 billion market cap company. The stock decreased 0.98% or $0.29 during the last trading session, reaching $29.41. About 189,051 shares traded. Imperial Oil Limited (NYSEMKT:IMO) has declined 14.24% since April 21, 2017 and is downtrending. It has underperformed by 25.79% the S&P500.

D L Carlson Investment Group Inc increased its stake in Cree Inc. (CREE) by 94.06% based on its latest 2017Q4 regulatory filing with the SEC. D L Carlson Investment Group Inc bought 66,000 shares as the company’s stock rose 7.37% while stock markets declined. The institutional investor held 136,170 shares of the technology company at the end of 2017Q4, valued at $5.06 million, up from 70,170 at the end of the previous reported quarter. D L Carlson Investment Group Inc who had been investing in Cree Inc. for a number of months, seems to be bullish on the $3.99 billion market cap company. The stock decreased 2.06% or $0.85 during the last trading session, reaching $40.33. About 787,871 shares traded. Cree, Inc. (NASDAQ:CREE) has risen 47.95% since April 21, 2017 and is uptrending. It has outperformed by 36.40% the S&P500.

D L Carlson Investment Group Inc, which manages about $483.88 million and $337.75M US Long portfolio, decreased its stake in Glaukos Corp. by 17,585 shares to 22,835 shares, valued at $586,000 in 2017Q4, according to the filing. It also reduced its holding in Starbucks (NASDAQ:SBUX) by 27,961 shares in the quarter, leaving it with 44,628 shares, and cut its stake in Us Bancorp (NYSE:USB).

Investors sentiment decreased to 1.1 in 2017 Q4. Its down 0.04, from 1.14 in 2017Q3. It dived, as 28 investors sold CREE shares while 75 reduced holdings. 54 funds opened positions while 59 raised stakes. 99.93 million shares or 3.73% more from 96.34 million shares in 2017Q3 were reported. Walleye Trading Ltd Co reported 0.02% stake. Moreover, Criterion Ltd Liability has 3.01% invested in Cree, Inc. (NASDAQ:CREE). 26,415 are owned by Da Davidson. Hightower Advsr Limited Liability holds 11,467 shares. Aqr Capital Mgmt Lc holds 11,740 shares or 0% of its portfolio. Raymond James And Associate holds 479,456 shares or 0.03% of its portfolio. Amer holds 266,817 shares. Greenwich Wealth Management Ltd Co reported 0.29% in Cree, Inc. (NASDAQ:CREE). Moreover, Profund Advsr Limited Liability has 0.05% invested in Cree, Inc. (NASDAQ:CREE). Columbus Circle has 336,210 shares. Sandler Cap Mgmt has 114,700 shares. Iridian Asset Management Ltd Ct accumulated 1.44 million shares. Arizona State Retirement Sys holds 70,638 shares. Renaissance Limited Liability Com reported 408,942 shares. Parkside Commercial Bank And Tru accumulated 128 shares.

Among 21 analysts covering Cree Inc. (NASDAQ:CREE), 3 have Buy rating, 4 Sell and 14 Hold. Therefore 14% are positive. Cree Inc. had 61 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, February 4 by Northland Capital. JMP Securities initiated Cree, Inc. (NASDAQ:CREE) rating on Thursday, December 8. JMP Securities has “Mkt Outperform” rating and $32 target. The company was maintained on Wednesday, August 23 by Northland Capital. The firm earned “Underweight” rating on Wednesday, August 23 by Stephens. The stock of Cree, Inc. (NASDAQ:CREE) earned “Hold” rating by Oppenheimer on Tuesday, August 22. The rating was maintained by Cowen & Co with “Hold” on Wednesday, January 24. The stock has “Hold” rating by Cowen & Co on Wednesday, October 18. The company was initiated on Wednesday, December 20 by Piper Jaffray. The stock of Cree, Inc. (NASDAQ:CREE) earned “Market Perform” rating by Cowen & Co on Wednesday, April 6. As per Tuesday, March 6, the company rating was maintained by Cowen & Co.

Analysts await Imperial Oil Limited (NYSEAMERICAN:IMO) to report earnings on April, 27 before the open. They expect $0.36 earnings per share, up 20.00% or $0.06 from last year’s $0.3 per share. IMO’s profit will be $287.62 million for 20.42 P/E if the $0.36 EPS becomes a reality. After $0.41 actual earnings per share reported by Imperial Oil Limited for the previous quarter, Wall Street now forecasts -12.20% negative EPS growth.

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

Guinness Atkinson Asset Management Inc, which manages about $379.79 million and $163.38 million US Long portfolio, upped its stake in Alphabet Inc by 760 shares to 7,250 shares, valued at $7.64M in 2017Q4, according to the filing.

Cree, Inc. (NASDAQ:CREE) Institutional Positions Chart

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