Imperial Oil Limited (NYSEAMERICAN:IMO – Free Report) (TSE:IMO) – Stock analysts at Zacks Research lowered their FY2023 earnings per share estimates for shares of Imperial Oil in a research note issued to investors on Thursday, September 21st. Zacks Research analyst T. Saha now forecasts that the energy company will post earnings per share of $5.14 for the year, down from their prior forecast of $5.15. The consensus estimate for Imperial Oil’s current full-year earnings is $5.21 per share. Zacks Research also issued estimates for Imperial Oil’s Q4 2023 earnings at $1.25 EPS, Q1 2024 earnings at $1.68 EPS, Q2 2024 earnings at $1.63 EPS, Q4 2024 earnings at $0.79 EPS, FY2024 earnings at $4.57 EPS, Q1 2025 earnings at $0.32 EPS, Q2 2025 earnings at $1.68 EPS and FY2025 earnings at $3.83 EPS.
Imperial Oil (NYSEAMERICAN:IMO – Get Free Report) (TSE:IMO) last posted its quarterly earnings data on Friday, July 28th. The energy company reported $0.86 EPS for the quarter, hitting analysts’ consensus estimates of $0.86. Imperial Oil had a return on equity of 23.61% and a net margin of 10.61%. The firm had revenue of $8.80 billion for the quarter, compared to analyst estimates of $11.55 billion.
Get Our Latest Stock Analysis on IMO
Imperial Oil Stock Performance
Shares of IMO opened at $58.40 on Friday. Imperial Oil has a 52-week low of $40.20 and a 52-week high of $60.05. The firm has a fifty day simple moving average of $48.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.26 and a current ratio of 1.49. The company has a market cap of $33.64 billion, a price-to-earnings ratio of 8.31, a price-to-earnings-growth ratio of 0.40 and a beta of 1.57.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Alberta Investment Management Corp increased its position in Imperial Oil by 31.5% in the 2nd quarter. Alberta Investment Management Corp now owns 311,919 shares of the energy company’s stock valued at $15,977,000 after buying an additional 74,720 shares in the last quarter. Osaic Holdings Inc. increased its position in Imperial Oil by 2.1% in the 2nd quarter. Osaic Holdings Inc. now owns 40,068 shares of the energy company’s stock valued at $2,050,000 after buying an additional 842 shares in the last quarter. Alliancebernstein L.P. increased its position in Imperial Oil by 759.7% in the 2nd quarter. Alliancebernstein L.P. now owns 332,019 shares of the energy company’s stock valued at $16,986,000 after buying an additional 293,400 shares in the last quarter. State of Tennessee Treasury Department bought a new stake in Imperial Oil in the 2nd quarter valued at about $5,074,000. Finally, Natixis Advisors L.P. increased its position in Imperial Oil by 7.7% in the 2nd quarter. Natixis Advisors L.P. now owns 12,338 shares of the energy company’s stock valued at $631,000 after buying an additional 882 shares in the last quarter. 20.74% of the stock is owned by institutional investors.
Imperial Oil Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 1st will be given a $0.3789 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This is a positive change from Imperial Oil’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a dividend yield of 2.60%. Imperial Oil’s dividend payout ratio (DPR) is 20.91%.
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 is involved in the transportation and refining of crude oil, blending of refined products, and the distribution and marketing of refined products.
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