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 twelve months. 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 brokerages have issued twelve-month target prices for Imperial Oil's stock. Their IMO share price targets range from C$80.00 to C$115.00. On average, they anticipate the company's stock price to reach C$91.92 in the next year. This suggests that the stock has a possible downside of 2.8%. 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 beginning of 2024. Since then, IMO stock has increased by 25.3% and is now trading at C$94.58. View the best growth stocks for 2024 here .

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) posted its earnings results on Friday, February, 2nd. The company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.39. The firm earned $13.11 billion during the quarter, compared to the consensus estimate 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. Shareholders 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 annualized dividend and a yield of 2.54%. 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?

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) .

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 .

TSE:IMO

Imperial Oil (IMO) Stock Price, News & Analysis

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C$94.58

-1.77 (-1.84%)

(As of 04/15/2024 ET)

Compare

Today's Range: C$94.21
▼
C$96.35
50-Day Range: C$76.93
▼
C$100.99
52-Week Range: C$60.19
▼
C$101.63

Volume: 780,006 shs
Average Volume: 907,811 shs
Market Capitalization: C$50.68 billion

P/E Ratio: 11.14
Dividend Yield: 2.54%
Price Target: C$91.92

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

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Imperial Oil MarketRank™ Stock Analysis

Analyst Rating: Hold
2.18 Rating Score
Upside/Downside: 2.8% Downside
C$91.92 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.69
Based on 13 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.

2.80 out of 5 stars

2.1

Analyst's Opinion

Consensus Rating
Imperial Oil has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 2 buy ratings, 9 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Imperial Oil has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for IMO.

1.7

Dividend Strength

Dividend Yield
Imperial Oil pays a meaningful dividend of 2.49%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Imperial Oil does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Imperial Oil is 28.27%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for IMO.

3.7

News and Social Media Coverage

News Sentiment
Imperial Oil has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.38 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Imperial Oil this week, compared to 1 article on an average week.
Search Interest
13 people have searched for IMO on MarketBeat in the last 30 days. This is an increase of 30% compared to the previous 30 days.
MarketBeat Follows
5 people have added Imperial Oil to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Imperial Oil insiders have not sold or bought any company stock.
Percentage Held by Insiders
69.61% of the stock of Imperial Oil is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 26.43% of the stock of Imperial Oil is held by institutions.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Imperial Oil is 11.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.93.
Price to Earnings Ratio vs. Sector
The P/E ratio of Imperial Oil is 11.14, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 100.12.
Price to Earnings Growth Ratio
Imperial Oil has a PEG Ratio of 0.21. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Imperial Oil has a P/B Ratio of 2.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

IMO Stock News Headlines

April 12, 2024 | americanbankingnews.com

FY2024 Earnings Estimate for Imperial Oil Limited (TSE:IMO) Issued By Zacks Research

April 11, 2024 | americanbankingnews.com

Zacks Research Comments on Imperial Oil Limited's Q4 2024 Earnings (TSE:IMO)

April 16, 2024 | InvestorPlace (Ad)

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April 10, 2024 | americanbankingnews.com

Imperial Oil (TSE:IMO) Given New C$100.00 Price Target at Royal Bank of Canada

March 14, 2024 | benzinga.com

Here's How Much $100 Invested In Imperial Oil 5 Years Ago Would Be Worth Today

March 1, 2024 | nasdaq.com

Ex-Dividend Reminder: Pioneer Natural Resources, Imperial Oil and Teekay Tankers

February 21, 2024 | benzinga.com

Imperial Oil Stock (AMEX:IMO), Short Interest Report

February 3, 2024 | markets.businessinsider.com

Imperial Oil: Strong Q4 Performance Balanced with Operational Concerns and Uncertainties Justifies Hold Rating

April 16, 2024 | InvestorPlace (Ad)

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February 3, 2024 | msn.com

Imperial Oil rises after Q4 beat; Kearl scores highest-ever quarterly output

February 3, 2024 | finance.yahoo.com

Imperial Oil Limited (AMEX:IMO) Q4 2023 Earnings Call Transcript

February 2, 2024 | markets.businessinsider.com

Imperial Oil Q4 Profit Declines, But Tops Estimates; Declares Dividend

January 26, 2024 | finance.yahoo.com

Earnings Preview: Imperial Oil (IMO) Q4 Earnings Expected to Decline

January 6, 2024 | finance.yahoo.com

Imperial Oil Limited's (TSE:IMO) Intrinsic Value Is Potentially 45% Above Its Share Price

December 27, 2023 | msn.com

Lifetime Income: 3 Dividend Stocks to Buy and Never Sell

December 27, 2023 | finance.yahoo.com

Equinor (EQNR) Barred From Repeating Green Claims in the UK

December 27, 2023 | finance.yahoo.com

Here's Why You Should Hold on to Enbridge (ENB) Stock Now

December 20, 2023 | markets.businessinsider.com

Scotiabank Keeps Their Buy Rating on Imperial Oil (IMO)

December 19, 2023 | msn.com

Imperial Oil (IMO) Issues 2024 Outlook and C$1.7B Capex Plan

November 13, 2023 | theglobeandmail.com

Imperial Oil: Top 25 Undervalued S&P/TSX Composite Index Stocks (IMO)

November 13, 2023 | finance.yahoo.com

Imperial Oil Limited (TSE:IMO) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?

November 1, 2023 | msn.com

Imperial Oil (IMO) Price Target Increased by 6.40% to 63.39

October 30, 2023 | markets.businessinsider.com

Imperial Oil’s Promising Outlook: Strong Earnings, Operational Performance and Effective Share Buyback Strategy

October 29, 2023 | finance.yahoo.com

Imperial Oil Limited (AMEX:IMO) Q3 2023 Earnings Call Transcript

October 23, 2023 | finance.yahoo.com

Earnings Preview: Gibson Energy Inc. (GBNXF) Q3 Earnings Expected to Decline

October 12, 2023 | markets.businessinsider.com

National Bank Remains a Hold on Imperial Oil (IMO)

September 29, 2023 | theglobeandmail.com

Chart of the Day: Imperial Oil - Oil is Still King

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 (Confirmed): 4/26/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas Integrated
Sub-Industry: N/A
Current Symbol: TSE:IMO
CUSIP: N/A
CIK: N/A
Web: www.imperialoil.ca
Phone: +1-587-4763950
Fax: N/A
Employees: 5,300
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$91.92
High Stock Price Target: C$115.00
Low Stock Price Target: C$80.00
Potential Upside/Downside: -2.8%
Consensus Rating: Hold
Rating Score (0-4): 2.18
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$8.49
Trailing P/E Ratio: 11.14
Forward P/E Ratio: 11.21
P/E Growth: 0.21
Net Income: C$4.89 billion
Net Margins: 9.64%
Pretax Margin: N/A
Return on Equity: 21.91%
Return on Assets: 9.10%

Debt

Debt-to-Equity Ratio: 19.49
Current Ratio: 1.26
Quick Ratio: 0.98

Sales & Book Value

Annual Sales: C$50.70 billion
Price / Sales: 1.00
Cash Flow: C$7.75 per share
Price / Cash Flow: 12.21
Book Value: C$41.47 per share
Price / Book: 2.28

Miscellaneous

Outstanding Shares: 535,840,000
Free Float: N/A
Market Cap: C$50.68 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

Key Competitors

View All Competitors

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 twelve months. 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 brokerages have issued twelve-month target prices for Imperial Oil's stock. Their IMO share price targets range from C$80.00 to C$115.00. On average, they anticipate the company's stock price to reach C$91.92 in the next year. This suggests that the stock has a possible downside of 2.8%.
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 beginning of 2024. Since then, IMO stock has increased by 25.3% and is now trading at C$94.58.
View the best growth stocks for 2024 here.
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) posted its earnings results on Friday, February, 2nd. The company reported $2.47 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.39. The firm earned $13.11 billion during the quarter, compared to the consensus estimate 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. Shareholders 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 annualized dividend and a yield of 2.54%. 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?: 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).
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 4/16/2024 by MarketBeat.com Staff

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Imperial Oil (IMO) Stock Price, News & Analysis

Imperial Oil MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Imperial Oil Stock (TSE:IMO)

IMO Stock Price History

IMO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

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

Pros

Cons

IMO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™