A significant driver of top-line growth: Imperial Oil Ltd. (IMO)

With 0.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.53 million shares. During the session, the Oil & Gas Integrated company that operates in wider Energy sector, reached to the highest price of $58.99 whereas the lowest price it dropped to was $56.92. The 52-week range on IMO shows that it touched its highest point at $63.07 and its lowest point at $44.22 during that stretch. It currently has a 1-year price target of $63.46. With its current market cap of 31.52 billion, IMO has annualized dividend of $1.61 while the current yield stands at 2.73%. Beta for the stock currently stands at 1.48.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IMO was up-trending over the past week, with a rise of 2.89%, but this was up by 1.13% over a month. Three-month performance surged to 5.09% while six-month performance rose 8.52%. The stock gained 14.75% in the past year, while it has gained 2.87% so far this year. A look at the trailing 12-month EPS for IMO yields 6.96 with Next year EPS estimates of 6.84. For the next quarter, that number is 1.62. This implies an EPS growth rate of 4.96% for this year and 3.28% for next year. EPS is expected to decline by -7.44% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 30.88%.


Float and Shares Shorts:

At present, 535.80 million IMO shares are outstanding with a float of 161.54 million shares on hand for trading. On Jan 11, 2024, short shares totaled 14.23 million, which was 2.66% higher than short shares on Dec 14, 2023. In addition to Mr. Bradley William Corson BS as the firm’s Chairman, President & CEO, Mr. Daniel E. Lyons serves as its Senior VP of Finance & Administration and Controller.

Institutional Ownership:

Through their ownership of 24.08% of IMO’s outstanding shares, institutional investors have minority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IMO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With IMO analysts setting a high price target of $72.49 and a low target of $57.24, the average target price over the next 12 months is $63.51. Based on these targets, IMO could surge 23.22% to reach the target high and fall by -2.7% to reach the target low. Reaching the average price target will result in a growth of 7.96% from current levels.

Summary of Insider Activity:

Insiders traded IMO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 122 while that of sell transactions has risen to 191 over the past year. The total number of shares bought during that period was 17,485,600 while 36,199,295 shares were sold.