Imperial Oil - IMO Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Imperial Oil in the last twelve months. There are currently 10 hold ratings and 5 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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15 brokers have issued twelve-month target prices for Imperial Oil's shares. Their IMO share price forecasts range from C$45.00 to C$86.00. On average, they anticipate the company's stock price to reach C$68.82 in the next twelve months. This suggests a possible upside of 20.6% 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 C$45.62 at the start of the year. Since then, IMO shares have increased by 25.1% and is now trading at C$57.09.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our IMO earnings forecast.

Imperial Oil Limited (TSE:IMO) released its quarterly earnings data on Friday, July, 29th. The company reported $3.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.25 by $0.38. The firm had revenue of $17.31 billion for the quarter, compared to analysts' expectations of $22.09 billion.

Imperial Oil announced a quarterly dividend on Friday, July 29th. Investors of record on Friday, September 2nd will be paid a dividend of 0.34 per share on Saturday, October 1st. This represents a $1.36 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, September 1st.
Read our dividend analysis for IMO.

Imperial Oil (TSE:IMO) pays an annual dividend of C$1.22 per share and currently has a dividend yield of 2.24%. The dividend payout ratio is 15.64%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IMO.

Based on aggregate information from My MarketBeat watchlists, some companies that other Imperial Oil investors own include Bank of Nova Scotia (BNS), Enbridge (ENB), Suncor Energy (SU), Canadian Natural Resources (CNQ), Husky Energy Inc. (HSE.TO) (HSE), Toronto-Dominion Bank (TD), Air Canada (AC), Canadian Imperial Bank of Commerce (CM), Inter Pipeline (IPL) and Pembina Pipeline (PPL).

Imperial Oil trades on the Toronto Stock Exchange (TSX) under the ticker symbol "IMO."

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.
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One share of IMO stock can currently be purchased for approximately C$57.09.

Imperial Oil (TSE:IMO) has a market capitalization of C$36.35 billion and generates C$52.45 billion in revenue each year.

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 company can be reached via phone at +1-587-4763950.