Imperial Oil Ltd (IMO) Stake Lowered by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its holdings in shares of Imperial Oil Ltd (NYSEAMERICAN:IMO) (TSE:IMO) by 2.2% in the 1st quarter, HoldingsChannel reports. The firm owned 34,565 shares of the energy company’s stock after selling 765 shares during the period. Crossmark Global Holdings Inc.’s holdings in Imperial Oil were worth $946,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Macquarie Group Ltd. bought a new stake in Imperial Oil in the fourth quarter valued at approximately $38,000. Beutel Goodman & Co Ltd. lifted its position in Imperial Oil by 80.6% in the first quarter. Beutel Goodman & Co Ltd. now owns 1,743 shares of the energy company’s stock valued at $48,000 after purchasing an additional 778 shares during the last quarter. Atlas Capital Advisors LLC bought a new stake in Imperial Oil in the fourth quarter valued at approximately $138,000. Quadrant Capital Group LLC raised its holdings in shares of Imperial Oil by 879.6% during the fourth quarter. Quadrant Capital Group LLC now owns 6,446 shares of the energy company’s stock valued at $157,000 after acquiring an additional 5,788 shares in the last quarter. Finally, Fruth Investment Management bought a new position in shares of Imperial Oil during the first quarter valued at approximately $204,000.

IMO opened at $28.02 on Wednesday. Imperial Oil Ltd has a 12 month low of $24.29 and a 12 month high of $34.56.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last announced its earnings results on Friday, April 26th. The energy company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.09). The company had revenue of $7.98 billion during the quarter, compared to analysts’ expectations of $8.21 billion. During the same quarter last year, the business posted $0.62 EPS. Imperial Oil’s revenue was up .6% compared to the same quarter last year.

A number of equities research analysts have recently commented on the company. Citigroup reissued a “hold” rating on shares of Imperial Oil in a research note on Friday, March 22nd. Raymond James reissued an “average” rating and issued a $44.00 target price on shares of Imperial Oil in a report on Wednesday, March 20th. Zacks Investment Research downgraded Imperial Oil from a “hold” rating to a “sell” rating in a report on Wednesday, January 16th. Credit Suisse Group initiated coverage on Imperial Oil in a research note on Monday, January 28th. They issued an “underperform” rating and a $27.89 price objective on the stock. Finally, TheStreet raised Imperial Oil from a “c+” rating to a “b-” rating in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. Imperial Oil presently has an average rating of “Hold” and an average target price of $38.56.

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Imperial Oil Profile

Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explores for and produces crude oil, natural gas, synthetic oil, and bitumen. As of December 31, 2017, this segment had 450 million oil-equivalent barrels of proved undeveloped reserves.

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Institutional Ownership by Quarter for Imperial Oil (NYSEAMERICAN:IMO)

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