Imperial Oil Limited (NYSEAMERICAN:IMO – Free Report) (TSE:IMO) – Equities research analysts at Zacks Research increased their FY2024 EPS estimates for Imperial Oil in a research note issued to investors on Thursday, January 23rd. Zacks Research analyst R. Department now forecasts that the energy company will post earnings per share of $6.23 for the year, up from their previous forecast of $6.21. The consensus estimate for Imperial Oil’s current full-year earnings is $6.29 per share. Zacks Research also issued estimates for Imperial Oil’s Q4 2024 earnings at $1.33 EPS, Q1 2025 earnings at $1.04 EPS, Q2 2025 earnings at $1.03 EPS, Q3 2025 earnings at $1.13 EPS, Q3 2026 earnings at $1.10 EPS and FY2026 earnings at $5.86 EPS.
Several other research firms have also issued reports on IMO. Wolfe Research lowered shares of Imperial Oil from an “outperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. downgraded shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $109.00.
Imperial Oil Stock Down 1.8 %
Shares of IMO opened at $70.30 on Friday. The company has a market cap of $35.79 billion, a PE ratio of 10.48 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. Imperial Oil has a 12 month low of $55.74 and a 12 month high of $80.17.
Institutional Trading of Imperial Oil
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Winch Advisory Services LLC purchased a new position in shares of Imperial Oil during the fourth quarter worth about $26,000. BNP Paribas Financial Markets purchased a new position in Imperial Oil during the 3rd quarter valued at about $28,000. Grove Bank & Trust raised its holdings in Imperial Oil by 438.0% in the 3rd quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock worth $38,000 after purchasing an additional 438 shares in the last quarter. Allworth Financial LP lifted its holdings in Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock worth $95,000 after buying an additional 234 shares during the period. Finally, Oakworth Capital Inc. bought a new stake in shares of Imperial Oil during the third quarter valued at approximately $101,000. 20.74% of the stock is currently owned by institutional investors.
Imperial Oil Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd were issued a dividend of $0.4304 per share. This represents a $1.72 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Tuesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is 25.34%.
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.
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