Zacks Research Predicts Stronger Earnings for Imperial Oil

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) – Zacks Research boosted their FY2024 EPS estimates for shares of Imperial Oil in a research note issued to investors on Thursday, November 21st. Zacks Research analyst R. Department now forecasts that the energy company will earn $6.18 per share for the year, up from their previous estimate 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 analysts have also weighed in on the stock. StockNews.com lowered shares of Imperial Oil from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Scotiabank reiterated a “sector perform” rating and issued a $110.00 price objective on shares of Imperial Oil in a research note on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Imperial Oil presently has a consensus rating of “Hold” and an average target price of $109.00.

Imperial Oil Trading Down 2.7 %

Imperial Oil stock opened at $73.64 on Monday. The company has a market capitalization of $38.14 billion, a price-to-earnings ratio of 10.97 and a beta of 1.44. The company has a current ratio of 1.44, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Imperial Oil has a twelve month low of $52.97 and a twelve month high of $80.17.

Institutional Trading of Imperial Oil

Large investors have recently added to or reduced their stakes in the business. UniSuper Management Pty Ltd boosted its holdings in shares of Imperial Oil by 68.8% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,700 shares of the energy company’s stock worth $187,000 after buying an additional 1,100 shares during the period. Virtu Financial LLC bought a new stake in shares of Imperial Oil during the 1st quarter worth $395,000. Burney Co. boosted its holdings in shares of Imperial Oil by 3.4% during the 1st quarter. Burney Co. now owns 27,862 shares of the energy company’s stock worth $1,926,000 after buying an additional 908 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Imperial Oil by 8.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,145 shares of the energy company’s stock worth $216,000 after buying an additional 255 shares during the period. Finally, Baker Ellis Asset Management LLC bought a new stake in Imperial Oil in the 2nd quarter valued at $423,000. 20.74% of the stock is owned by institutional investors.

Imperial Oil Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd will be given a $0.4304 dividend. This represents a $1.72 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio is 26.53%.

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.