Zacks Research Equities Analysts Lower Earnings Estimates for Imperial Oil Limited (NYSEAMERICAN:IMO)

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) – Analysts at Zacks Research cut their Q1 2024 EPS estimates for shares of Imperial Oil in a research report issued on Monday, April 1st. Zacks Research analyst R. Department now forecasts that the energy company will post earnings per share of $1.52 for the quarter, down from their previous forecast of $1.54. The consensus estimate for Imperial Oil’s current full-year earnings is $5.68 per share. Zacks Research also issued estimates for Imperial Oil’s Q1 2025 earnings at $1.93 EPS and FY2025 earnings at $5.75 EPS.

Separately, JPMorgan Chase & Co. upgraded shares of Imperial Oil from an “underweight” rating to a “neutral” rating in a research note on Friday, December 8th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $85.33.

Imperial Oil Trading Up 1.6 %

Shares of NYSEAMERICAN:IMO opened at $70.95 on Wednesday. The firm has a market capitalization of $38.02 billion, a PE ratio of 11.07 and a beta of 1.49. The company has a current ratio of 1.26, a quick ratio of 0.96 and a debt-to-equity ratio of 0.18. Imperial Oil has a 12-month low of $44.46 and a 12-month high of $71.14.

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

Imperial Oil Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a dividend of $0.4473 per share. The ex-dividend date was Friday, March 1st. This represents a $1.79 dividend on an annualized basis and a dividend yield of 2.52%. This is a boost from Imperial Oil’s previous quarterly dividend of $0.36. Imperial Oil’s payout ratio is currently 28.05%.

Institutional Investors Weigh In On Imperial Oil

Several large investors have recently bought and sold shares of IMO. Quadrature Capital Ltd acquired a new stake in Imperial Oil during the 4th quarter worth $5,124,000. Wellington Management Group LLP lifted its stake in shares of Imperial Oil by 11.1% in the fourth quarter. Wellington Management Group LLP now owns 197,264 shares of the energy company’s stock worth $11,292,000 after buying an additional 19,731 shares in the last quarter. Syon Capital LLC boosted its position in Imperial Oil by 36.5% during the fourth quarter. Syon Capital LLC now owns 14,070 shares of the energy company’s stock worth $805,000 after acquiring an additional 3,761 shares during the last quarter. FIL Ltd grew its stake in Imperial Oil by 3.9% during the 4th quarter. FIL Ltd now owns 2,490,440 shares of the energy company’s stock valued at $141,865,000 after acquiring an additional 94,299 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of Imperial Oil by 12.8% during the 4th quarter. Legal & General Group Plc now owns 1,203,757 shares of the energy company’s stock worth $68,904,000 after purchasing an additional 136,271 shares during the last quarter. 20.74% of the stock is currently owned by hedge funds and other institutional investors.

Imperial Oil Company Profile

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 for, 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.