Imperial Oil (IMO) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Imperial Oil in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" IMO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IMO, but not buy additional shares or sell existing shares.
View IMO analyst ratings or view top-rated stocks.

6 Wall Street analysts have issued 12 month price objectives for Imperial Oil's shares. Their IMO share price forecasts range from $38.00 to $85.00. On average, they predict the company's share price to reach $56.75 in the next year. This suggests that the stock has a possible downside of 2.8%.
View analysts price targets for IMO or view top-rated stocks among Wall Street analysts.

Imperial Oil's stock was trading at $48.74 on January 1st, 2023. Since then, IMO stock has increased by 19.8% and is now trading at $58.40.
View the best growth stocks for 2023 here.

Imperial Oil saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 7,590,000 shares, an increase of 10.8% from the August 15th total of 6,850,000 shares. Based on an average daily trading volume, of 497,000 shares, the short-interest ratio is currently 15.3 days. Currently, 4.1% of the company's shares are sold short.
View Imperial Oil's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our IMO earnings forecast.

Imperial Oil Limited (NYSEAMERICAN:IMO) issued its quarterly earnings results on Friday, July, 28th. The energy company reported $0.86 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.86. The energy company had revenue of $8.80 billion for the quarter, compared to the consensus estimate of $11.55 billion. Imperial Oil had a trailing twelve-month return on equity of 23.61% and a net margin of 10.61%.

Imperial Oil declared a quarterly dividend on Monday, July 31st. Investors of record on Friday, September 1st will be paid a dividend of $0.3789 per share on Sunday, October 1st. This represents a $1.52 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, August 31st. This is an increase from the stock's previous quarterly dividend of $0.37.
Read our dividend analysis for IMO.

Imperial Oil (NYSEAMERICAN:IMO) pays an annual dividend of $1.47 per share and currently has a dividend yield of 2.55%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IMO will have a dividend payout ratio of 27.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IMO.

Based on aggregate information from My MarketBeat watchlists, some companies that other Imperial Oil investors own include Suncor Energy (SU), Range Resources (RRC), International Business Machines (IBM), Exxon Mobil (XOM), Callon Petroleum (CPE), Enbridge (ENB), Mondi (MNDI), Marathon Petroleum (MPC), BCE (BCE) and Coeur Mining (CDE).

Imperial Oil trades on the New York Stock Exchange (NYSE)AMERICAN under the ticker symbol "IMO."

Imperial Oil's stock is owned by many different institutional and retail investors. Top institutional shareholders include Artisan Partners Limited Partnership (0.53%), Bank of Nova Scotia (0.33%), The Manufacturers Life Insurance Company (0.27%), Dimensional Fund Advisors LP (0.26%), National Bank of Canada FI (0.23%) and Cibc World Market Inc. (0.22%).

Shares of IMO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of IMO stock can currently be purchased for approximately $58.40.

Imperial Oil (NYSEAMERICAN:IMO) has a market capitalization of $33.64 billion and generates $45.90 billion in revenue each year. The energy company earns $5.65 billion in net income (profit) each year or $7.03 on an earnings per share basis.

The company employs 5,300 workers across the globe.

Imperial Oil's mailing address is 505 Quarry Park Blvd SE, CALGARY, AB T2C 5N1, Canada. The official website for the company is www.imperialoil.ca. The energy company can be reached via phone at (800) 567-3776, via email at investor.relations@esso.ca, or via fax at 800-367-0585.