Imperial Oil - IMO Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Imperial Oil in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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6 brokers have issued twelve-month price objectives for Imperial Oil's stock. Their IMO share price forecasts range from $72.00 to $85.00. On average, they predict the company's share price to reach $79.33 in the next year. This suggests a possible upside of 56.1% from the stock's current price.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our IMO earnings forecast.

Imperial Oil Limited (NYSEAMERICAN:IMO) posted its quarterly earnings data on Tuesday, January, 31st. The energy company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.27. The energy company earned $10.65 billion during the quarter, compared to analysts' expectations of $13.22 billion. Imperial Oil had a net margin of 11.14% and a trailing twelve-month return on equity of 28.06%.

Imperial Oil declared a quarterly dividend on Wednesday, February 1st. Shareholders of record on Friday, March 3rd will be given a dividend of $0.3298 per share on Saturday, April 1st. This represents a $1.32 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, March 2nd. This is a boost from the stock's previous quarterly dividend of $0.32.
Read our dividend analysis for IMO.

Imperial Oil (NYSEAMERICAN:IMO) pays an annual dividend of $1.31 per share and currently has a dividend yield of 2.42%. The dividend payout ratio is 17.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IMO will have a dividend payout ratio of 20.76% 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 retail and institutional investors. Top institutional shareholders include First Eagle Investment Management LLC (4.11%), Artisan Partners Limited Partnership (0.77%), Morgan Stanley (0.44%), Connor Clark & Lunn Investment Management Ltd. (0.42%), Price T Rowe Associates Inc. MD (0.39%) and Bank of Nova Scotia (0.39%).

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 $50.81.

Imperial Oil (NYSEAMERICAN:IMO) has a market capitalization of $29.68 billion and generates $29.99 billion in revenue each year. The energy company earns $1.98 billion in net income (profit) each year or $7.64 on an earnings per share basis.

The company employs 5,400 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.