Imperial Oil (IMO) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Imperial Oil in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 2 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.

7 Wall Street analysts have issued 1-year price objectives for Imperial Oil's stock. Their IMO share price forecasts range from $72.00 to $85.00. On average, they expect the company's stock price to reach $79.00 in the next twelve months. This suggests a possible upside of 59.1% from the stock's current price.
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 1.9% and is now trading at $49.65.
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Imperial Oil saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,820,000 shares, an increase of 16.4% from the April 30th total of 5,860,000 shares. Based on an average daily trading volume, of 459,400 shares, the days-to-cover ratio is presently 14.8 days. Currently, 3.8% 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 Thursday, July 27th 2023.
View our IMO earnings forecast.

Imperial Oil Limited (NYSEAMERICAN:IMO) posted its earnings results on Friday, April, 28th. The energy company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.45 by $0.13. The energy company earned $8.96 billion during the quarter, compared to analysts' expectations of $11.38 billion. Imperial Oil had a trailing twelve-month return on equity of 31.83% and a net margin of 12.58%.

Imperial Oil announced a quarterly dividend on Monday, May 1st. Stockholders of record on Friday, June 2nd will be paid a dividend of $0.3674 per share on Saturday, July 1st. This represents a $1.47 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, June 1st. This is a boost from the stock's previous quarterly dividend of $0.33.
Read our dividend analysis for IMO.

Imperial Oil (NYSEAMERICAN:IMO) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.09%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IMO will have a dividend payout ratio of 25.56% 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 a number of institutional and retail investors. Top institutional shareholders include FMR LLC (4.53%), Artisan Partners Limited Partnership (0.57%), Connor Clark & Lunn Investment Management Ltd. (0.41%), Price T Rowe Associates Inc. MD (0.39%), FIL Ltd (0.33%) and Arrowstreet Capital Limited Partnership (0.27%).

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.
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One share of IMO stock can currently be purchased for approximately $49.65.

Imperial Oil (NYSEAMERICAN:IMO) has a market capitalization of $29.00 billion and generates $45.90 billion in revenue each year. The energy company earns $5.65 billion in net income (profit) each year or $9.01 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.