Imperial Oil Limited (NYSE:IMO) has a beta value of 2 and has seen 1,555,011 shares traded in the last trading session. The company, currently valued at $22.37 Billion, closed the last trade at $30.51 per share which meant it gained $1.56 on the day or 5.39% during that session. The IMO stock price is -0.1% off its 52-week high price of $30.54 and 63.49% above the 52-week low of $11.14. If we look at the company’s 10-day average daily trading volume, we find that it stood at 651.1 Million shares traded. The 3-month trading volume is 599.42 Million shares.
The consensus among analysts is that Imperial Oil Limited (IMO) is a Hold stock at the moment, with a recommendation rating of 3.3. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 13 out of 17 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.4.
Imperial Oil Limited (NYSE:IMO) trade information
Sporting 5.39% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the IMO stock price touched $30.54- or saw a rise of 0.1%. Year-to-date, Imperial Oil Limited shares have moved 60.33%, while the 5-day performance has seen it change 19.46%. Over the past 30 days, the shares of Imperial Oil Limited (NYSE:IMO) have changed 21.07%. Short interest in the company has seen 8.03 Million shares shorted with days to cover at 0.01.
Wall Street analysts have a consensus price target for the stock at $29.33, which means that the shares’ value could jump -3.87% from current levels. The projected low price target is $25.2 while the price target rests at a high of $34.14. In that case, then, we find that the current price level is +11.9% off the targeted high while a plunge would see the stock lose -17.4% from current levels.
Imperial Oil Limited (IMO) estimates and forecasts
Figures show that Imperial Oil Limited shares have outperformed across the wider relevant industry. The company’s shares have gained +143.5% over the past 6 months, with this year growth rate of 336.59%, compared to 28.4% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 29% and 642.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be +15.2%.
1 analysts offering their estimates for the company have set an average revenue estimate of $9.24 Billion for the current quarter. 1 have an estimated revenue figure of $9.05 Billion for the next quarter concluding in June 01, 2018. Year-ago sales stood $5.63 Billion and $5.54 Billion respectively for this quarter and the next, and analysts expect sales will grow by 64% for the current quarter and 63.4% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -31.3% over the past 5 years. Earnings growth for 2021 is a modest -187.8% while over the next 5 years, the company’s earnings are expected to increase by -9.05%.
Imperial Oil Limited is expected to release its next earnings report between July 29 and August 02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.7 at a share yield of 2.53%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.22%.
Imperial Oil Limited (NYSE:IMO)’s Major holders
Insiders own 69.61% of the company shares, while shares held by institutions stand at 23.6% with a share float percentage of 77.65%. Investors are also buoyed by the number of investors in a company, with Imperial Oil Limited having a total of 349 institutions that hold shares in the company. The top two institutional holders are Artisan Partners Limited Partnership with over 32.12 Million shares worth more than $611.31 Million. As of December 30, 2020, Artisan Partners Limited Partnership held 4.38% of shares outstanding.
The other major institutional holder is First Eagle Investment Management, LLC, with the holding of over 26.32 Million shares as of December 30, 2020. The firm’s total holdings are worth over $500.78 Million and represent 3.58% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) Mid-Cap Value Fund and Artisan International Value Fund. As of December 30, 2020, the former fund manager holds about 2.1% shares in the company for having 15411113 shares of worth $293.27 Million while later fund manager owns 13.81 Million shares of worth $262.77 Million as of December 30, 2020, which makes it owner of about 1.88% of company’s outstanding stock.