Imperial Oil Limited (TSE:IMO – Free Report) (NYSEMKT:IMO) – Research analysts at Zacks Research boosted their FY2024 earnings per share estimates for Imperial Oil in a research note issued to investors on Wednesday, January 15th. Zacks Research analyst R. Department now expects that the company will post earnings per share of $8.44 for the year, up from their previous estimate of $8.40. The consensus estimate for Imperial Oil’s current full-year earnings is $8.62 per share. Zacks Research also issued estimates for Imperial Oil’s Q2 2025 earnings at $1.43 EPS and Q4 2025 earnings at $1.75 EPS.
A number of other equities research analysts also recently commented on the stock. Raymond James lifted their price target on shares of Imperial Oil from C$101.50 to C$104.00 in a report on Friday, December 13th. BMO Capital Markets lifted their target price on shares of Imperial Oil from C$115.00 to C$120.00 in a research note on Friday, October 4th. Scotiabank downgraded Imperial Oil from an “outperform” rating to a “sector perform” rating and set a C$110.00 price target for the company. in a report on Wednesday, September 25th. Royal Bank of Canada raised their price objective on Imperial Oil from C$99.00 to C$101.00 in a report on Wednesday, November 6th. Finally, CIBC upped their target price on Imperial Oil from C$105.00 to C$108.00 in a research note on Friday. Ten investment analysts have rated the stock with a hold rating, According to MarketBeat, Imperial Oil currently has a consensus rating of “Hold” and a consensus target price of C$104.20.
Imperial Oil Trading Up 0.1 %
Shares of IMO stock opened at C$98.86 on Thursday. The company has a market capitalization of C$52.97 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 0.21 and a beta of 1.78. The company has a current ratio of 1.40, a quick ratio of 0.98 and a debt-to-equity ratio of 18.27. The firm has a 50-day moving average price of C$98.04 and a 200 day moving average price of C$98.43. Imperial Oil has a twelve month low of C$73.81 and a twelve month high of C$108.89.
Insider Transactions at Imperial Oil
In other Imperial Oil news, Director Bradley William Corson acquired 4,800 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of C$97.44 per share, with a total value of C$467,713.92. Company insiders own 71.26% of the company’s stock.
Imperial Oil Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Wednesday, January 1st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $2.40 annualized dividend and a yield of 2.43%. Imperial Oil’s dividend payout ratio is presently 25.16%.
Imperial Oil Company Profile
Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves.
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