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NYSEAMERICAN:IMO

Imperial Oil (IMO) Stock Price, News & Analysis

$68.26
-0.32 (-0.47%)
(As of 10:50 AM ET)
Today's Range
$67.64
$69.11
50-Day Range
N/A
52-Week Range
$44.46
$74.58
Volume
98,283 shs
Average Volume
423,392 shs
Market Capitalization
$36.58 billion
P/E Ratio
10.82
Dividend Yield
2.59%
Price Target
$85.33

Imperial Oil MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
24.4% Upside
$85.33 Price Target
Short Interest
Bearish
10.64% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-8.37
Upright™ Environmental Score
News Sentiment
0.62mentions of Imperial Oil in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.41%
From $6.07 to $6.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.64 out of 5 stars

IMO stock logo

About Imperial Oil Stock (NYSEAMERICAN:IMO)

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. It transports crude oil production and third-party crude oil to refineries by contracted pipelines, common carrier pipelines, and rail; owns and operates refineries; maintains a distribution system to move petroleum products to market by pipeline, tanker, rail, and road transport; owns and operates fuel terminals, natural gas liquids, and products pipelines in Alberta, Manitoba, and Ontario; markets petroleum products under the Esso and Mobil brand names; and sells petroleum products, including fuel, asphalt, and lubricants to industrial and transportation customers, independent marketers, resellers, and other refiners, as well as the agriculture, residential heating, and commercial markets through branded fuel and lubricant resellers. The Chemical segment manufactures and markets benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resin; and markets refinery grade propylene. The company was incorporated in 1880 and is headquartered in Calgary, Canada. Imperial Oil Limited is a subsidiary of Exxon Mobil Corporation.

IMO Stock Price History

IMO Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
2/02/2024
Ex-Dividend for 4/1 Dividend
3/01/2024
Dividend Payable
4/01/2024
Today
4/16/2024
Next Earnings (Estimated)
4/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
N/A
Current Symbol
NYSEAMERICAN:IMO
Previous Symbol
NYSEMKT:IMO
Employees
5,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$85.33
High Stock Price Target
$95.00
Low Stock Price Target
$76.00
Potential Upside/Downside
+25.3%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$3.62 billion
Pretax Margin
12.50%

Debt

Sales & Book Value

Annual Sales
$37.75 billion
Cash Flow
$9.16 per share
Book Value
$30.72 per share

Miscellaneous

Free Float
N/A
Market Cap
$36.50 billion
Optionable
Not Optionable
Beta
1.48
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Key Executives

  • Mr. Bradley William Corson BS (Age 62)
    Chairman, President & CEO
    Comp: $4.18M
  • Mr. Daniel E. Lyons (Age 61)
    Senior VP of Finance & Administration and Controller
    Comp: $1.91M
  • Mr. Simon P. Younger (Age 48)
    Senior Vice President of Upstream
    Comp: $1.22M
  • Ms. Sherri L. Evers (Age 47)
    Senior Vice President of Sustainability, Commercial Development & Product Solutions
    Comp: $582.09k
  • Mr. Bruce A. Jolly (Age 56)
    Treasurer
    Comp: $763.59k
  • Peter Shaw
    Vice President of Investor Relations
  • Mr. Ian R. Laing (Age 50)
    VP, General Counsel & Corporate Secretary
  • Ms. Kristi L. Desjardins (Age 50)
    Vice President of Human Resources
  • Dave Hughes
    Manager of Investor Relations

Should I Buy Imperial Oil Stock? IMO Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Imperial Oil Limited:

  • Imperial Oil reported strong quarterly earnings, surpassing analyst estimates by $0.26 per share, indicating solid financial performance.
  • The company has a healthy return on equity of 20.92%, showcasing efficient utilization of shareholder funds to generate profits.
  • Imperial Oil has a diversified business model with operations in exploration, production, refining, and chemical segments, reducing risk exposure to fluctuations in any single sector.
  • The recent increase in dividend payouts by Imperial Oil signals confidence in the company's financial stability and future growth prospects.
  • With a market cap of $36.76 billion, Imperial Oil is a significant player in the industry, offering stability and potential for long-term growth.

Cons

Investors should be bearish about investing in Imperial Oil Limited for these reasons:

  • Imperial Oil's stock price has been volatile, with fluctuations impacting short-term investor sentiment and potentially leading to higher risk.
  • The company's revenue in the last quarter was below consensus estimates, indicating potential challenges in meeting market expectations.
  • Imperial Oil's debt-to-equity ratio of 0.18 may raise concerns about the company's leverage levels and ability to manage debt effectively.
  • The energy sector, where Imperial Oil operates, is subject to regulatory changes, geopolitical risks, and commodity price fluctuations, posing uncertainties for investors.
  • Analysts project a lower earnings per share for the current year compared to previous periods, suggesting potential challenges in maintaining growth momentum.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, April 11, 2024. Please send any questions or comments about these Imperial Oil pros and cons to contact@marketbeat.com.

IMO Stock Analysis - Frequently Asked Questions

Should I buy or sell Imperial Oil stock right now?

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

What is Imperial Oil's stock price target for 2024?

5 brokerages have issued 12 month price objectives for Imperial Oil's stock. Their IMO share price targets range from $76.00 to $95.00. On average, they predict the company's stock price to reach $85.33 in the next twelve months. This suggests a possible upside of 24.4% from the stock's current price.
View analysts price targets for IMO
or view top-rated stocks among Wall Street analysts.

How have IMO shares performed in 2024?

Imperial Oil's stock was trading at $57.69 on January 1st, 2024. Since then, IMO shares have increased by 18.9% and is now trading at $68.58.
View the best growth stocks for 2024 here
.

Are investors shorting Imperial Oil?

Imperial Oil saw a increase in short interest in March. As of March 31st, there was short interest totaling 17,330,000 shares, an increase of 6.1% from the March 15th total of 16,340,000 shares. Based on an average daily volume of 424,600 shares, the short-interest ratio is presently 40.8 days. Approximately 10.6% of the company's shares are sold short.
View Imperial Oil's Short Interest
.

When is Imperial Oil's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our IMO earnings forecast
.

How were Imperial Oil's earnings last quarter?

Imperial Oil Limited (NYSEAMERICAN:IMO) posted its quarterly earnings results on Friday, February, 2nd. The energy company reported $1.81 EPS for the quarter, beating the consensus estimate of $1.55 by $0.26. The energy company had revenue of $9.63 billion for the quarter, compared to the consensus estimate of $12.29 billion. Imperial Oil had a trailing twelve-month return on equity of 20.92% and a net margin of 9.59%.

How often does Imperial Oil pay dividends? What is the dividend yield for Imperial Oil?

Imperial Oil announced a quarterly dividend on Monday, February 5th. Stockholders of record on Monday, March 4th will be paid a dividend of $0.4473 per share on Monday, April 1st. This represents a $1.79 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, March 1st. This is a boost from the stock's previous quarterly dividend of $0.36.
Read our dividend analysis for IMO
.

Is Imperial Oil a good dividend stock?

Imperial Oil (NYSEAMERICAN:IMO) pays an annual dividend of $1.77 per share and currently has a dividend yield of 2.53%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IMO will have a dividend payout ratio of 27.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IMO.

What other stocks do shareholders of Imperial Oil own?

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).

Who are Imperial Oil's major shareholders?

Imperial Oil's stock is owned by many different institutional and retail investors. Top institutional investors include Guinness Asset Management LTD (0.05%), Guinness Atkinson Asset Management Inc (0.00%) and Affinity Capital Advisors LLC (0.00%).

How do I buy shares of Imperial Oil?

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

This page (NYSEAMERICAN:IMO) was last updated on 4/16/2024 by MarketBeat.com Staff

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