Zacks Research Has Weak Outlook for Imperial Oil Q2 Earnings

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) – Stock analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for shares of Imperial Oil in a report issued on Monday, December 16th. Zacks Research analyst R. Department now forecasts that the energy company will post earnings per share of $1.46 for the quarter, down from their prior forecast of $1.52. The consensus estimate for Imperial Oil’s current full-year earnings is $6.22 per share.

IMO has been the subject of several other research reports. JPMorgan Chase & Co. lowered Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday. StockNews.com cut shares of Imperial Oil from a “buy” rating to a “hold” rating in a report on Wednesday, August 28th. Finally, Scotiabank reiterated a “sector perform” rating and set a $110.00 price target on shares of Imperial Oil in a report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $109.00.

Imperial Oil Price Performance

Imperial Oil stock opened at $62.51 on Thursday. Imperial Oil has a 12 month low of $54.58 and a 12 month high of $80.17. The firm has a market capitalization of $32.04 billion, a price-to-earnings ratio of 9.32 and a beta of 1.42. 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Tuesday, December 3rd will be issued a $0.4304 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $1.72 annualized dividend and a yield of 2.75%. Imperial Oil’s payout ratio is 26.38%.

Institutional Trading of Imperial Oil

A number of large investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Imperial Oil by 3.7% in the third quarter. FMR LLC now owns 36,933,627 shares of the energy company’s stock worth $2,598,604,000 after acquiring an additional 1,331,235 shares during the period. The Manufacturers Life Insurance Company boosted its position in Imperial Oil by 8.4% in the third quarter. The Manufacturers Life Insurance Company now owns 4,420,002 shares of the energy company’s stock worth $311,175,000 after purchasing an additional 341,689 shares during the last quarter. TD Asset Management Inc grew its stake in shares of Imperial Oil by 12.2% during the 2nd quarter. TD Asset Management Inc now owns 3,796,660 shares of the energy company’s stock valued at $258,817,000 after purchasing an additional 412,600 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Imperial Oil by 9.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,107,250 shares of the energy company’s stock valued at $148,235,000 after purchasing an additional 187,158 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Imperial Oil by 10,896.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 867,174 shares of the energy company’s stock worth $59,135,000 after purchasing an additional 859,288 shares during the period. 20.74% of the stock is currently owned by institutional investors.

Imperial Oil Company Profile

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.