In yesterday’s Wall Street session, Imperial Oil Limited (AMEX:IMO) shares traded at $48.48, down -3.31% from the previous session.
As of this writing, 18 analysts cover Imperial Oil Limited (AMEX:IMO). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $72.69 and a low of $49.21, we find $58.01. Given the previous closing price of $50.14, this indicates a potential upside of 15.7 percent. IMO stock price is now -4.01% away from the 50-day moving average and -2.15% away from the 200-day moving average. The market capitalization of the company currently stands at $28.65B.
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There are 10 analysts who have given it a hold rating, whereas 5 have given it a buy rating. Brokers who have rated the stock have averaged $58.13 as their price target over the next twelve months.
, while ‘TD Securities’ rates the stock as ‘Hold’.
A total of 69.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in IMO stock. A new stake in Imperial Oil Limited shares was purchased by JANE STREET GROUP, LLC during the first quarter worth $34,236,000. BORNITE CAPITAL MANAGEMENT LP invested $12,120,000 in shares of IMO during the first quarter. In the first quarter, COVALIS CAPITAL LLP acquired a new stake in Imperial Oil Limited valued at approximately $7,763,000. MURCHINSON LTD. acquired a new stake in IMO for approximately $3,583,000. BOULDER HILL CAPITAL MANAGEMENT LP purchased a new stake in IMO valued at around $2,555,000 in the second quarter. In total, there are 445 active investors with 18.10% ownership of the company’s stock.
Monday morning saw Imperial Oil Limited (AMEX: IMO) opened at $48.22. During the past 12 months, Imperial Oil Limited has had a low of $39.95 and a high of $58.99. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 1.20, and a quick ratio of 1.00. The fifty day moving average price for IMO is $50.51 and a two-hundred day moving average price translates $49.55 for the stock.
The latest earnings results from Imperial Oil Limited (AMEX: IMO) was released for Dec, 2022. According to the Oil & Gas Integrated Company, earnings per share came in at $2.13, beating analysts’ expectations of $1.92 by 0.21. This compares to $0.92 EPS in the same period last year. The company reported revenue of $10.66 billion for the quarter, compared to $9.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.98 percent. For the current quarter, analysts expect IMO to generate $9.61B in revenue.
Imperial Oil Limited(IMO) 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 oil, and bitumen. As of December 31, 2021, this segment had 386 million oil-equivalent barrels of proved undeveloped reserves. 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. It also transports crude oil to refineries by contracted pipelines, common carrier pipelines, and rail; maintains a distribution system to move petroleum products to market by pipeline, tanker, rail, and road transport; and owns and operates fuel terminals, natural gas liquids, and products pipelines in Alberta, Manitoba, and Ontario. In addition, this segment markets and supplies petroleum products to motoring public through approximately 2,400 Esso and Mobil-branded sites. Further, it sells petroleum products, including fuel, asphalt, and lubricants for industrial and transportation customers, independent marketers, and resellers, as well as other refiners serving the agriculture, residential heating, and commercial markets through branded fuel and lubricant resellers. The Chemical segment manufactures and markets various petrochemicals, benzene, aromatic and aliphatic solvents, plasticizer intermediates, and polyethylene resin. Imperial Oil Limited has a strategic agreement with E3 Metals Corp. to advance a lithium-extraction pilot in Alberta. The company was incorporated in 1880 and is headquartered in Calgary, Canada. Imperial Oil Limited is a subsidiary of Exxon Mobil Corporation.
