Q4 EPS Estimates for Imperial Oil Boosted by Zacks Research

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) – Research analysts at Zacks Research boosted their Q4 2024 earnings estimates for Imperial Oil in a research note issued to investors on Wednesday, January 15th. Zacks Research analyst R. Department now forecasts that the energy company will earn $1.31 per share for the quarter, up from their previous 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 analysts have also commented on IMO. Wolfe Research lowered Imperial Oil from an “outperform” rating to a “peer perform” rating in a report on Friday, January 3rd. 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. Finally, 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 analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $109.00.

Imperial Oil Stock Down 0.3 %

IMO opened at $68.42 on Friday. The firm has a market capitalization of $35.07 billion, a P/E ratio of 10.20 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 $54.74 and a 12 month high of $80.17.

Imperial Oil Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Tuesday, December 3rd were paid a $0.4304 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Tuesday, December 3rd. Imperial Oil’s dividend payout ratio is currently 25.34%.

Institutional Investors Weigh In On Imperial Oil

Several hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in shares of Imperial Oil in the third quarter valued at approximately $28,000. Winch Advisory Services LLC acquired a new position in Imperial Oil in the 4th quarter valued at $26,000. Grove Bank & Trust increased its position in Imperial Oil by 438.0% during 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 lifted its holdings in shares of Imperial Oil by 21.0% during 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 in the last quarter. Finally, Oakworth Capital Inc. acquired a new stake in shares of Imperial Oil during the third quarter worth $101,000. 20.74% of the stock is currently owned by institutional investors and hedge funds.

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.