Q4 EPS Estimates for Imperial Oil Boosted by Zacks Research

Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO - Equities researchers at Zacks Research increased their Q4 2024 earnings estimates for shares of Imperial Oil in a research note issued on Wednesday, January 15th. Zacks Research analyst R. Department now anticipates that the energy company will earn $1.31 per share for the quarter, up from their prior forecast of $1.28. 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 Q1 2025 earnings at $1.03 EPS, Q3 2025 earnings at $1.12 EPS, FY2025 earnings at $4.51 EPS, Q1 2026 earnings at $1.55 EPS, Q2 2026 earnings at $1.51 EPS, Q3 2026 earnings at $1.09 EPS, Q4 2026 earnings at $1.70 EPS and FY2026 earnings at $5.85 EPS.

A number of other equities analysts also recently commented on the stock. Wolfe Research downgraded shares of Imperial Oil from an "outperform" rating to a "peer perform" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. cut shares of Imperial Oil from a "neutral" rating to an "underweight" rating in a research report on Thursday, December 19th. Finally, Scotiabank restated a "sector perform" rating and issued a $110.00 target price on shares of Imperial Oil in a research note on Wednesday, September 25th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, Imperial Oil currently has a consensus rating of "Hold" and an average price target of $109.00.

Imperial Oil Trading Down 0.3 %

Shares of NYSEAMERICAN:IMO traded down $0.23 during trading hours on Friday, hitting $68.42. The company's stock had a trading volume of 462,381 shares, compared to its average volume of 645,044. Imperial Oil has a 52 week low of $54.74 and a 52 week high of $80.17. The firm has a market cap of $35.07 billion, a P/E ratio of 10.20 and a beta of 1.45. 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd were issued a dividend of $0.4304 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $1.72 annualized dividend and a dividend yield of 2.52%. Imperial Oil's dividend payout ratio (DPR) is currently 25.34%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IMO. Winch Advisory Services LLC acquired a new position in shares of Imperial Oil in the fourth quarter valued at about $26,000. BNP Paribas Financial Markets purchased a new stake in Imperial Oil in the third quarter valued at approximately $28,000. Grove Bank & Trust increased 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 buying an additional 438 shares during the period. Allworth Financial LP increased its holdings in Imperial Oil by 21.0% in the 3rd 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. purchased a new position in Imperial Oil during the 3rd quarter worth approximately $101,000. Institutional investors and hedge funds 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.