Q4 2024 EPS Estimates for Imperial Oil Limited Raised by Zacks Research (NYSEAMERICAN:IMO)

Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO - Zacks Research raised their Q4 2024 EPS estimates for shares of Imperial Oil in a note issued to investors on Monday, April 8th. Zacks Research analyst R. Department now forecasts that the energy company will post earnings per share of $1.50 for the quarter, up from their previous forecast of $1.47. The consensus estimate for Imperial Oil's current full-year earnings is $6.02 per share. Zacks Research also issued estimates for Imperial Oil's Q2 2025 earnings at $1.47 EPS and Q4 2025 earnings at $1.19 EPS.

Imperial Oil Stock Performance

IMO stock traded up $1.31 during midday trading on Wednesday, reaching $73.88. 451,767 shares of the company's stock traded hands, compared to its average volume of 426,308. The firm has a market capitalization of $39.59 billion, a PE ratio of 11.71 and a beta of 1.48. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. Imperial Oil has a 52 week low of $44.46 and a 52 week high of $74.28.

Imperial Oil (NYSEAMERICAN:IMO - Get Free Report) TSE: IMO last released its earnings results on Friday, February 2nd. The energy company reported $1.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.26. Imperial Oil had a net margin of 9.59% and a return on equity of 20.92%. The company had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $12.29 billion.

Hedge Funds Weigh In On Imperial Oil

Several institutional investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc lifted its holdings in Imperial Oil by 52.6% during the fourth quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company's stock valued at $30,000 after purchasing an additional 180 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Imperial Oil by 2.6% during the first quarter. HighTower Advisors LLC now owns 9,154 shares of the energy company's stock valued at $464,000 after purchasing an additional 236 shares during the last quarter. Sigma Planning Corp lifted its holdings in Imperial Oil by 3.0% during the third quarter. Sigma Planning Corp now owns 8,450 shares of the energy company's stock valued at $520,000 after purchasing an additional 246 shares during the last quarter. AXA S.A. lifted its holdings in Imperial Oil by 5.0% during the first quarter. AXA S.A. now owns 5,684 shares of the energy company's stock valued at $289,000 after purchasing an additional 269 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Imperial Oil by 3.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,313 shares of the energy company's stock valued at $635,000 after purchasing an additional 324 shares during the last quarter. Institutional investors own 20.74% of the company's stock.

Imperial Oil Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.4473 dividend. This is a positive change from Imperial Oil's previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 1st. This represents a $1.79 annualized dividend and a dividend yield of 2.42%. Imperial Oil's dividend payout ratio is presently 28.05%.

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.