Imperial Oil Limited (NYSEAMERICAN:IMO) Stock Holdings Decreased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 48.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,344 shares of the energy company’s stock after selling 8,623 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Imperial Oil were worth $658,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Imperial Oil by 10,896.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 867,174 shares of the energy company’s stock worth $59,135,000 after purchasing an additional 859,288 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Imperial Oil in the 2nd quarter worth about $40,729,000. Capital World Investors grew its stake in Imperial Oil by 134.0% during the first quarter. Capital World Investors now owns 747,929 shares of the energy company’s stock worth $51,588,000 after buying an additional 428,252 shares during the last quarter. TD Asset Management Inc grew its position in Imperial Oil by 12.2% during the 2nd quarter. TD Asset Management Inc now owns 3,796,660 shares of the energy company’s stock worth $258,817,000 after acquiring an additional 412,600 shares during the last quarter. Finally, SIR Capital Management L.P. bought a new stake in shares of Imperial Oil during the second quarter worth $11,405,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on IMO. Scotiabank reissued a “sector perform” rating and issued a $110.00 price target on shares of Imperial Oil in a report on Wednesday, September 25th. StockNews.com cut Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Imperial Oil has an average rating of “Hold” and an average target price of $109.00.

Imperial Oil Stock Performance

Shares of Imperial Oil stock opened at $73.98 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44. The stock has a market capitalization of $38.31 billion, a PE ratio of 11.03 and a beta of 1.44. Imperial Oil Limited has a one year low of $52.97 and a one year high of $80.17.

Imperial Oil Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be given a $0.4304 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio is currently 26.53%.

Imperial Oil Company Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.