FY2024 EPS Estimates for Imperial Oil Increased by Analyst

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) – Equities researchers at Zacks Research raised their FY2024 earnings estimates for shares of Imperial Oil in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the energy company will earn $6.18 per share for the year, up from their previous forecast of $6.09. The consensus estimate for Imperial Oil’s current full-year earnings is $6.24 per share. Zacks Research also issued estimates for Imperial Oil’s Q1 2025 earnings at $1.05 EPS, Q2 2026 earnings at $1.52 EPS, Q3 2026 earnings at $1.09 EPS and FY2026 earnings at $5.99 EPS.

Several other research firms have also recently commented on IMO. StockNews.com cut Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Scotiabank restated a “sector perform” rating and set a $110.00 price objective on shares of Imperial Oil in a research note on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.00.

Imperial Oil Stock Performance

IMO opened at $75.72 on Monday. The stock has a market capitalization of $39.21 billion, a price-to-earnings ratio of 11.28 and a beta of 1.44. Imperial Oil has a 1-year low of $52.97 and a 1-year high of $80.17. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 0.17.

Imperial Oil Cuts Dividend

The firm 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 $0.4304 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.27%. Imperial Oil’s payout ratio is 26.53%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IMO. Tidal Investments LLC increased its holdings in shares of Imperial Oil by 77.4% in the third quarter. Tidal Investments LLC now owns 7,474 shares of the energy company’s stock worth $527,000 after buying an additional 3,261 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Imperial Oil in the 3rd quarter valued at approximately $137,000. Barclays PLC boosted its position in shares of Imperial Oil by 27.8% during the third quarter. Barclays PLC now owns 2,838 shares of the energy company’s stock valued at $200,000 after purchasing an additional 617 shares in the last quarter. Geode Capital Management LLC lifted its position in Imperial Oil by 9.1% during the third quarter. Geode Capital Management LLC now owns 842,664 shares of the energy company’s stock valued at $59,502,000 after buying an additional 70,357 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Imperial Oil in the 3rd quarter worth about $1,210,000. Institutional investors own 20.74% of the company’s stock.

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.