Imperial Oil hits 20-day low amid market strength
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2024
0mins
Source: Benzinga
Imperial Oil Ltd's stock price fell by 3.37% during regular trading, hitting a 20-day low.
This decline occurred despite the broader market's positive performance, with the Nasdaq-100 and S&P 500 both showing gains of 0.11% and 0.13%, respectively. The movement suggests a sector rotation, as Imperial Oil's performance diverged from the overall market trend.
Investors may need to consider the implications of this price action, particularly in the context of the ongoing AI-driven market rally that has positively impacted many sectors.
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Analyst Views on IMO
Wall Street analysts forecast IMO stock price to fall
10 Analyst Rating
1 Buy
4 Hold
5 Sell
Moderate Sell
Current: 122.690
Low
67.67
Averages
82.50
High
100.78
Current: 122.690
Low
67.67
Averages
82.50
High
100.78
About IMO
Imperial Oil Limited is a Canada-based integrated energy company. The Company’s principal business involves exploration for, and production of, crude oil and natural gas; manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a variety of specialty products; and pursuit of lower-emission business opportunities including carbon capture and storage, hydrogen, lower-emission fuels, and lithium. Its segments include Upstream, Downstream and Chemical. The Upstream segment is organized and operates to explore for and produce crude oil and its equivalent, and natural gas. The Downstream segment is organized and operates to refine crude oil into petroleum products and to distribute and market these products. The Chemical segment is organized and operates to manufacture and market hydrocarbon-based chemicals and chemical products. The Company's operations include Cold Lake, Kearl, Syncrude, Nanticoke, Sarnia and Strathcona refinery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Shareholder Record Date: The dividend will be payable on July 1, with a record date of June 4 and an ex-dividend date also on June 4, ensuring shareholders receive their earnings promptly, thereby strengthening the shareholder base.
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- Quarterly Dividend Announcement: Imperial Oil has declared a quarterly dividend of CAD 0.87 per share, consistent with previous distributions, indicating stable cash flow and profitability, which is likely to attract more investor interest.
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- Shareholder Record Dates: The dividend will be payable on July 1, with a record date of June 4 and an ex-dividend date also on June 4, ensuring that eligible shareholders receive their dividends promptly, thereby strengthening the relationship between the company and its investors.
- Financial Performance Review: Imperial Oil's recent GAAP EPS of CAD 1.94 and revenue of CAD 12.45 billion reflect improving fundamentals and compounding returns, which may positively influence future dividend policies.
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See More
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- Board Election Results: At the annual shareholders' meeting on May 4, 2026, all seven nominees proposed by Imperial Oil were elected as directors, reflecting shareholder trust and support for the management team.
- Voting Participation: A total of 448,035,687 shares, representing 92.65% of outstanding common shares, were voted, indicating high shareholder engagement and concern for corporate governance.
- Election Support Rates: Each nominee received over 430 million votes, with S.R. (Sharon) Driscoll securing 441,335,843 votes, demonstrating her broad recognition among shareholders.
- Commitment to Development: As Canada's largest petroleum refiner, Imperial Oil remains committed to applying technology and innovation responsibly to develop energy resources, ensuring its leadership position in the industry.
See More
Imperial Oil Q1 2026 Earnings Call Insights
- Financial Performance Overview: Imperial Oil reported a net income of $940 million in Q1 2026, down $348 million from Q1 2025, primarily due to increased incentive compensation charges and unfavorable upstream realizations, indicating financial pressure amid market volatility.
- Cash Flow Status: Operating cash flows for the first quarter were $1.239 billion, a decrease of $521 million year-over-year, impacted by $350 million in deferred tax effects, reflecting challenges in cost control and cash flow management.
- Capital Expenditure Dynamics: Capital expenditures in Q1 totaled $478 million, up $80 million from Q1 2025 but down $173 million from Q4 2025, indicating a cautious investment strategy focused on core projects.
- Future Outlook and Strategy: Management reiterated its commitment to advancing the Kearl and Cold Lake projects, targeting 300,000 and 165,000 barrels per day respectively, while planning to renew its Normal Course Issuer Bid by the end of June, demonstrating confidence in future growth and commitment to shareholder returns.
See More
Imperial Oil Declares Quarterly Dividend of CAD 0.87
- Quarterly Dividend Declaration: Imperial Oil has declared a quarterly dividend of CAD 0.87 per share, consistent with previous distributions, indicating stable cash flow and profitability, which helps bolster investor confidence.
- Shareholder Record Date: The dividend will be payable on July 1, with a record date of June 4 and an ex-dividend date also on June 4, ensuring shareholders receive their earnings promptly, thereby strengthening the shareholder base.
- Financial Performance: Imperial Oil reported a GAAP EPS of CAD 1.94 and revenue of CAD 12.45 billion in its latest earnings report, indicating improving competitiveness and profitability, which may attract more investor interest.
- Rating Upgrade: With improving fundamentals and compounding returns, market ratings for Imperial Oil have been upgraded, reflecting analysts' optimistic outlook on its future growth potential.
See More
Imperial Oil Declares CAD 0.87 Quarterly Dividend
- Quarterly Dividend Announcement: Imperial Oil has declared a quarterly dividend of CAD 0.87 per share, consistent with previous distributions, indicating stable cash flow and profitability, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 1.91% offers a relatively attractive return in the current market environment, potentially boosting shareholder confidence and encouraging long-term stock holding.
- Shareholder Record Dates: The dividend will be payable on July 1, with a record date of June 4 and an ex-dividend date also on June 4, ensuring that eligible shareholders receive their dividends promptly, thereby strengthening the relationship between the company and its investors.
- Financial Performance Review: Imperial Oil's recent GAAP EPS of CAD 1.94 and revenue of CAD 12.45 billion reflect improving fundamentals and compounding returns, which may positively influence future dividend policies.
See More
