Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO - Stock analysts at Zacks Research upped their FY2024 earnings estimates for shares of Imperial Oil in a research note issued to investors on Thursday, November 21st. Zacks Research analyst R. Department now expects that the energy company will post earnings per share of $6.18 for the year, up from their prior 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.
A number of other research analysts also recently issued reports on the stock. Scotiabank restated a "sector perform" rating and set a $110.00 target price on shares of Imperial Oil in a research report on Wednesday, September 25th. StockNews.com lowered shares of Imperial Oil from a "buy" rating to a "hold" rating in a report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Imperial Oil currently has a consensus rating of "Hold" and a consensus price target of $109.00.
Check Out Our Latest Research Report on Imperial Oil
Imperial Oil Price Performance
Shares of IMO stock traded down $1.41 during trading hours on Monday, reaching $75.72. 300,891 shares of the company's stock were exchanged, compared to its average volume of 395,476. The firm has a market capitalization of $39.21 billion, a price-to-earnings ratio of 11.44 and a beta of 1.44. 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 has a 1 year low of $52.97 and a 1 year high of $80.17.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its stake in 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 last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Imperial Oil by 10,896.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 867,174 shares of the energy company's stock valued at $59,135,000 after buying an additional 859,288 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Imperial Oil during the 2nd quarter worth about $40,729,000. TD Asset Management Inc boosted its position 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 worth $258,817,000 after acquiring an additional 412,600 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Imperial Oil by 8.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,420,002 shares of the energy company's stock worth $311,175,000 after acquiring an additional 341,689 shares in the last quarter. 20.74% of the stock is currently owned by hedge funds and other 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 issued a dividend of $0.4304 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.72 dividend on an annualized basis and a yield of 2.27%. Imperial Oil's dividend payout ratio (DPR) is presently 26.53%.
About Imperial Oil
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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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