FY2024 EPS Estimates for Imperial Oil Increased by Analyst

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) – Equities research analysts at Zacks Research raised their FY2024 earnings per share estimates for Imperial Oil in a report issued on Wednesday, January 15th. Zacks Research analyst R. Department now expects that the energy company will post earnings per share of $6.21 for the year, up from their previous estimate of $6.18. The consensus estimate for Imperial Oil’s current full-year earnings is $6.28 per share. Zacks Research also issued estimates for Imperial Oil’s Q2 2025 earnings at $1.06 EPS and Q4 2025 earnings at $1.29 EPS.

IMO has been the topic of a number of other reports. JPMorgan Chase & Co. downgraded shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 19th. Scotiabank reissued a “sector perform” rating and issued a $110.00 price objective on shares of Imperial Oil in a research note on Wednesday, September 25th. Finally, Wolfe Research lowered Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $109.00.

Imperial Oil Stock Down 0.3 %

IMO stock opened at $68.42 on Thursday. Imperial Oil has a 12 month low of $54.74 and a 12 month high of $80.17. The stock has a market capitalization of $35.07 billion, a P/E ratio of 10.20 and a beta of 1.45. The company has a current ratio of 1.44, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17.

Institutional Trading of Imperial Oil

A number of hedge funds have recently bought and sold shares of IMO. BNP Paribas Financial Markets bought a new position in Imperial Oil in the third quarter worth about $28,000. Winch Advisory Services LLC purchased a new stake in Imperial Oil during the fourth quarter valued at approximately $26,000. Grove Bank & Trust lifted its position in Imperial Oil by 438.0% during the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock valued at $38,000 after acquiring an additional 438 shares during the last quarter. Allworth Financial LP boosted its stake in Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock valued at $95,000 after acquiring an additional 234 shares in the last quarter. Finally, Oakworth Capital Inc. purchased a new position in Imperial Oil in the third quarter worth $101,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

Imperial Oil Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd were given a $0.4304 dividend. The ex-dividend date was Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.52%. Imperial Oil’s payout ratio is presently 25.34%.

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.