Crossmark Global Holdings Inc. Has $658,000 Stock Holdings in Imperial Oil Limited (NYSEAMERICAN:IMO)

Crossmark Global Holdings Inc. decreased its holdings in shares of Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 48.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,344 shares of the energy company's stock after selling 8,623 shares during the period. Crossmark Global Holdings Inc.'s holdings in Imperial Oil were worth $658,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IMO. RFP Financial Group LLC acquired a new stake in shares of Imperial Oil during the 2nd quarter worth about $25,000. Grove Bank & Trust increased its holdings in shares of Imperial Oil by 438.0% during the third quarter. Grove Bank & Trust now owns 538 shares of the energy company's stock worth $38,000 after buying an additional 438 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Imperial Oil in the first quarter valued at approximately $46,000. Hexagon Capital Partners LLC boosted its holdings in shares of Imperial Oil by 45.6% in the 2nd quarter. Hexagon Capital Partners LLC now owns 718 shares of the energy company's stock worth $49,000 after acquiring an additional 225 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Imperial Oil by 21.0% in the 3rd quarter. Allworth Financial LP now owns 1,347 shares of the energy company's stock worth $95,000 after acquiring an additional 234 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Stock Down 0.9 %

Imperial Oil stock traded down $0.64 during midday trading on Friday, reaching $73.98. The stock had a trading volume of 257,530 shares, compared to its average volume of 398,720. The firm has a market cap of $38.31 billion, a PE ratio of 11.03 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44. Imperial Oil Limited has a 1-year low of $52.97 and a 1-year high of $80.17.

Imperial Oil Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.4304 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.33%. Imperial Oil's dividend payout ratio (DPR) is currently 26.53%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com lowered shares of Imperial Oil from a "buy" rating to a "hold" rating in a report on Wednesday, August 28th. Scotiabank reiterated a "sector perform" rating and set a $110.00 target price on shares of Imperial Oil in a research report on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Imperial Oil has a consensus rating of "Hold" and a consensus target price of $109.00.

About Imperial Oil

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.