Imperial Oil downgraded by RBC Capital Mkts with a new price target
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Integrated oil Companies
Energy
RBC Capital Mkts downgraded Imperial Oil from Outperform to Sector Perform and set a new price target of $78.00 from $82.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/21/2025 | Peer Perform → Outperform | Wolfe Research | |
| 4/9/2025 | Mkt Perform → Outperform | Raymond James | |
| 3/27/2025 | Neutral → Sell | Goldman | |
| 1/3/2025 | Outperform → Peer Perform | Wolfe Research | |
| 12/19/2024 | Neutral → Underweight | Analyst | |
| 7/18/2024 | $108.00 | Outperform | Wolfe Research |
| 12/8/2023 | Underweight → Neutral | JP Morgan | |
| 11/8/2023 | Buy → Neutral | Goldman |
Imperial Oil Limited ((TSE: IMO, NYSE:IMO) announced today the preliminary results of its substantial issuer bid (the "Offer"), pursuant to which Imperial offered to purchase for cancellation up to $1.5 billion of its common shares (the "Shares"). The Offer proceeded by way of a modified Dutch auction, which had a tender price range from $78.50 per Share to $94.00 per Share, and included the option for shareholders to participate via a proportionate tender. The Offer expired at 5:00 p.m. (Calgary time) on December 8, 2023. All amounts are in Canadian dollars. In accordance with the terms and conditions of the Offer and based on the preliminary calculation of Computershare Investor Service
Quarterly net income of $675 million and cash flow from operating activities of $885 million Successful completion of planned turnaround activities at Kearl, Syncrude and Strathcona refinery Upstream production of 363,000 gross oil-equivalent barrels per day Refinery throughput of 388,000 barrels per day and capacity utilization of 90% Commenced facility construction on the Strathcona Renewable Diesel project Renewed annual normal course issuer bid (NCIB) to repurchase up to 5% of outstanding common shares, with plans to accelerate completion of the program prior to year end Declared third quarter dividend of 50 cents per share IMPERIAL OIL LIMITED, TSE: IMO, NYSE Amer
J.R. (Jon) Wetmore appointed Americas Fuels Value Chain Planning & Business Development Manager, Exxon Mobil Corporation, effective May 1, 2023 Imperial ((TSE: IMO, NYSE:IMO) announced today that J.R. (Jon) Wetmore, currently Vice President, Downstream and Chemicals for Imperial will become the Americas Fuels Value Chain Planning & Business Development Manager for Exxon Mobil Corporation, effective May 1, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230316005125/en/Jon Wetmore Vice President, Downstream (Photo: Business Wire) "On behalf of Imperial, I would like to thank Jon Wetmore for his leadership as Vice President