TSE:IMO

Imperial Oil (IMO) Stock Price, News & Analysis

C$96.91
+0.40 (+0.41%)
(As of 05:23 PM ET)
Today's Range
C$95.97
C$97.66
50-Day Range
C$79.84
C$100.99
52-Week Range
C$60.19
C$101.63
Volume
376,152 shs
Average Volume
881,050 shs
Market Capitalization
C$51.93 billion
P/E Ratio
11.41
Dividend Yield
2.48%
Price Target
C$95.69

Imperial Oil MarketRank™ Stock Analysis

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
1.1% Downside
C$95.69 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of Imperial Oil in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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.

2.62 out of 5 stars

IMO stock logo

About Imperial Oil Stock (TSE: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

The system that called 2023’s top 7 stocks is at it again…
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
Imperial Oil (TSE:IMO) Given New C$105.00 Price Target at CIBC
Imperial Oil (IMO) to Release Quarterly Earnings on Friday
The A.I. story nobody is telling you (Read ASAP)
There's been a lot of buzz surrounding A.I. over the past year... Most of it is just hype and speculation. But there's one recent A.I. development you NEED to hear about...
Imperial Oil Q4 Profit Declines, But Tops Estimates; Declares Dividend
Here's Why You Should Hold on to Enbridge (ENB) Stock Now
Scotiabank Keeps Their Buy Rating on Imperial Oil (IMO)
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
4/24/2024
Next Earnings (Confirmed)
4/26/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Integrated
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
5,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$95.69
High Stock Price Target
C$120.00
Low Stock Price Target
C$80.00
Potential Upside/Downside
-1.2%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
C$4.89 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$50.70 billion
Cash Flow
C$7.93 per share
Book Value
C$41.47 per share

Miscellaneous

Free Float
N/A
Market Cap
C$51.88 billion
Optionable
Not Optionable
Beta
1.84
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Key Executives

  • Mr. Bradley William Corson BS (Age 62)
    Chairman, President & CEO
    Comp: $5.68M
  • Mr. Daniel E. Lyons (Age 61)
    Senior VP of Finance & Administration and Controller
    Comp: $2.59M
  • Mr. Simon P. Younger (Age 48)
    Senior Vice President of Upstream
    Comp: $1.65M
  • Ms. Sherri L. Evers (Age 47)
    Senior Vice President of Sustainability, Commercial Development & Product Solutions
    Comp: $791.24k
  • Mr. Bruce A. Jolly (Age 56)
    Treasurer
    Comp: $1.04M
  • 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 a strong EPS of C$2.47 for the last quarter, surpassing the consensus estimate, indicating solid financial performance.
  • The company has a healthy net margin of 9.64%, showcasing efficient cost management and profitability.
  • Imperial Oil increased its dividend to $0.60 per share, reflecting confidence in its financial stability and commitment to rewarding shareholders.
  • The company operates in the Oil & Gas Integrated industry, providing diversification and exposure to different segments within the energy sector.
  • With a return on equity of 21.91%, Imperial Oil demonstrates strong profitability and effective utilization of shareholder funds.

Cons

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

  • Imperial Oil's revenue for the last quarter was below analysts' expectations, potentially indicating challenges in revenue generation or market conditions.
  • The company's payout ratio is relatively high at 28.27%, which may limit future growth opportunities or reinvestment in the business.
  • Analysts forecast lower EPS of 8.3296888 for the current year, suggesting potential challenges or uncertainties in the company's performance.
  • Market conditions in the oil and gas industry can be volatile, impacting Imperial Oil's financial results and stock price.
  • Investing in the energy sector carries inherent risks related to commodity price fluctuations, regulatory changes, and environmental concerns.
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 Wednesday, April 10, 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?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Imperial Oil in the last year. There are currently 9 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.

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

11 brokers have issued 12-month target prices for Imperial Oil's shares. Their IMO share price targets range from C$80.00 to C$120.00. On average, they expect the company's share price to reach C$95.69 in the next year. This suggests that the stock has a possible downside of 1.1%.
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 C$75.48 at the start of the year. Since then, IMO shares have increased by 28.2% and is now trading at C$96.75.
View the best growth stocks for 2024 here
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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 (TSE:IMO) issued its earnings results on Friday, February, 2nd. The company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.39. The business earned $13.11 billion during the quarter, compared to analysts' expectations of $16.57 billion. Imperial Oil had a trailing twelve-month return on equity of 21.91% and a net margin of 9.64%.

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

Imperial Oil declared a quarterly dividend on Friday, March 1st. Stockholders of record on Monday, April 1st will be paid a dividend of 0.60 per share on Monday, April 1st. This represents a $2.40 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Friday, March 1st. This is an increase from the stock's previous quarterly dividend of C$0.50.
Read our dividend analysis for IMO
.

Is Imperial Oil a good dividend stock?

Imperial Oil (TSE:IMO) pays an annual dividend of C$2.40 per share and currently has a dividend yield of 2.49%. The dividend payout ratio is 28.27%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IMO.

What other stocks do shareholders of Imperial Oil own?
How do I buy shares of Imperial Oil?

Shares of IMO stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:IMO) was last updated on 4/24/2024 by MarketBeat.com Staff

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