Q1 2024 Earnings Estimate for Imperial Oil Limited (NYSEAMERICAN:IMO) Issued By Zacks Research

Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO - Stock analysts at Zacks Research boosted their Q1 2024 earnings per share (EPS) estimates for shares of Imperial Oil in a research report issued on Monday, April 8th. Zacks Research analyst R. Department now forecasts that the energy company will post earnings of $1.53 per share for the quarter, up from their previous forecast of $1.52. 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 FY2024 earnings at $5.64 EPS, Q1 2025 earnings at $1.94 EPS, Q3 2025 earnings at $1.26 EPS, FY2025 earnings at $5.86 EPS, Q1 2026 earnings at $1.11 EPS and FY2026 earnings at $6.12 EPS.

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

Imperial Oil Trading Down 3.6 %

Shares of Imperial Oil stock traded down $2.67 on Thursday, hitting $71.21. 499,696 shares of the company were exchanged, compared to its average volume of 427,848. The stock has a market cap of $38.16 billion, a P/E ratio of 11.29 and a beta of 1.48. Imperial Oil has a 1-year low of $44.46 and a 1-year high of $74.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.96.

Imperial Oil Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a $0.4473 dividend. The ex-dividend date was Friday, March 1st. This is a boost from Imperial Oil's previous quarterly dividend of $0.36. This represents a $1.79 dividend on an annualized basis and a yield of 2.51%. Imperial Oil's dividend payout ratio is currently 28.05%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. AdvisorNet Financial Inc lifted its stake in Imperial Oil by 52.6% during the fourth quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company's stock worth $30,000 after purchasing an additional 180 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Imperial Oil during the fourth quarter worth $44,000. Assetmark Inc. lifted its stake in Imperial Oil by 938.5% during the fourth quarter. Assetmark Inc. now owns 810 shares of the energy company's stock worth $46,000 after purchasing an additional 732 shares in the last quarter. BNP Paribas Arbitrage SNC acquired a new position in Imperial Oil during the third quarter worth $35,000. Finally, Allworth Financial LP lifted its stake in Imperial Oil by 176.6% during the third quarter. Allworth Financial LP now owns 888 shares of the energy company's stock worth $55,000 after purchasing an additional 567 shares in the last quarter. 20.74% of the stock is currently owned by institutional investors and hedge funds.

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.