Imperial Oil Limited $IMO Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its position in Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 60.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,154 shares of the energy company’s stock after selling 4,741 shares during the period. Crossmark Global Holdings Inc.’s holdings in Imperial Oil were worth $272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IMO. UBS Group AG lifted its stake in shares of Imperial Oil by 566.9% in the 3rd quarter. UBS Group AG now owns 1,406,624 shares of the energy company’s stock valued at $127,637,000 after purchasing an additional 1,195,698 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Imperial Oil by 30.4% in the 3rd quarter. Bank of America Corp DE now owns 3,840,645 shares of the energy company’s stock valued at $348,500,000 after purchasing an additional 895,117 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Imperial Oil by 56.0% in the 3rd quarter. Mackenzie Financial Corp now owns 1,194,462 shares of the energy company’s stock valued at $108,282,000 after purchasing an additional 428,844 shares in the last quarter. QV Investors Inc. acquired a new position in shares of Imperial Oil in the 3rd quarter valued at about $19,893,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Imperial Oil by 22.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,067,657 shares of the energy company’s stock valued at $96,879,000 after purchasing an additional 195,730 shares in the last quarter. 20.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on IMO shares. Zacks Research raised Imperial Oil from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. TD Securities reaffirmed a “sell” rating on shares of Imperial Oil in a research note on Wednesday. Finally, Royal Bank Of Canada downgraded Imperial Oil from a “sector perform” rating to an “underperform” rating and set a $116.00 target price on the stock. in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Imperial Oil currently has a consensus rating of “Reduce” and an average target price of $116.00.

Imperial Oil Stock Performance

Shares of NYSEAMERICAN:IMO opened at $134.73 on Friday. The company has a market cap of $65.15 billion, a P/E ratio of 31.78 and a beta of 0.48. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.02 and a current ratio of 1.23. Imperial Oil Limited has a one year low of $70.29 and a one year high of $135.04. The business’s 50-day simple moving average is $127.09 and its 200 day simple moving average is $108.79.

Imperial Oil Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 4th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, June 4th. Imperial Oil’s dividend payout ratio (DPR) is presently 38.69%.

About Imperial Oil

Imperial Oil (NYSEAMERICAN: IMO) is a Canadian integrated energy company involved in the exploration, production, refining and marketing of petroleum and petrochemical products. Headquartered in Calgary, Alberta, Imperial has operated in Canada for well over a century and is one of the country’s long-standing energy firms. The company is majority-owned by Exxon Mobil Corporation, which provides strategic and technical links to global upstream and downstream capabilities.

Imperial’s operations span upstream activities—exploration and production of crude oil, natural gas and oil-sands resources—and downstream operations including refining, manufacturing of fuels and lubricants, petrochemical products, and retail distribution.