Zacks Research Lowers Earnings Estimates for Imperial Oil

Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) – Zacks Research decreased their Q2 2026 EPS estimates for shares of Imperial Oil in a report issued on Monday, December 16th. Zacks Research analyst R. Department now anticipates that the energy company will earn $1.46 per share for the quarter, down from their previous forecast of $1.52. The consensus estimate for Imperial Oil’s current full-year earnings is $6.22 per share.

A number of other brokerages have also recently commented on IMO. JPMorgan Chase & Co. cut shares of Imperial Oil from a “neutral” rating to an “underweight” rating in a research note on Thursday. Scotiabank reissued a “sector perform” rating and set a $110.00 target price on shares of Imperial Oil in a research note on Wednesday, September 25th. Finally, StockNews.com downgraded Imperial Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Imperial Oil presently has an average rating of “Hold” and an average target price of $109.00.

Imperial Oil Price Performance

NYSEAMERICAN:IMO traded down $1.76 during mid-day trading on Thursday, hitting $62.46. The company’s stock had a trading volume of 88,945 shares, compared to its average volume of 408,463. The firm has a market cap of $32.02 billion, a price-to-earnings ratio of 9.31 and a beta of 1.42. Imperial Oil has a 1 year low of $54.58 and a 1 year high of $80.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.44.

Imperial Oil Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Tuesday, December 3rd will be paid a $0.4304 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Tuesday, December 3rd. Imperial Oil’s dividend payout ratio is presently 26.38%.

Institutional Investors Weigh In On Imperial Oil

A number of large investors have recently modified their holdings of the business. RFP Financial Group LLC acquired a new position in Imperial Oil during the second quarter worth about $25,000. BNP Paribas Financial Markets acquired a new position in shares of Imperial Oil during the 3rd quarter worth approximately $28,000. Grove Bank & Trust grew its position in shares of Imperial Oil by 438.0% in the third quarter. Grove Bank & Trust now owns 538 shares of the energy company’s stock valued at $38,000 after purchasing an additional 438 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Imperial Oil by 21.0% in the third quarter. Allworth Financial LP now owns 1,347 shares of the energy company’s stock valued at $95,000 after purchasing an additional 234 shares during the last quarter. Finally, Oakworth Capital Inc. purchased a new stake in Imperial Oil in the 3rd quarter valued at $101,000. Hedge funds and other institutional investors own 20.74% of the company’s stock.

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 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.