Research Analysts’ Recent Ratings Changes for Imperial Oil (IMO)

A number of firms have modified their ratings and price targets on shares of Imperial Oil (TSE: IMO) recently:

• 12/16/2025 – Imperial Oil had its price target lowered by analysts at Raymond James Financial, Inc. from C$111.00 to C$110.00.
• 12/16/2025 – Imperial Oil had its price target lowered by analysts at TD Securities from C$107.00 to C$106.00.
• 12/15/2025 – Imperial Oil was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a C$129.00 price target on the stock, down previously from C$132.00.
• 12/8/2025 – Imperial Oil was downgraded by analysts at Raymond James Financial, Inc. from a “hold” rating to a “strong sell” rating. They now have a C$111.00 price target on the stock, up previously from C$110.00.
• 11/24/2025 – Imperial Oil had its price target raised by analysts at Desjardins from C$114.00 to C$120.00. They now have a “sell” rating on the stock.
• 11/20/2025 – Imperial Oil had its price target raised by analysts at Morgan Stanley from C$97.00 to C$101.00.
• 11/4/2025 – Imperial Oil had its price target raised by analysts at TD Securities from C$104.00 to C$107.00. They now have a “sell” rating on the stock.
• 11/3/2025 – Imperial Oil had its price target raised by analysts at Raymond James Financial, Inc. from C$109.00 to C$110.00.

Imperial Oil Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Thursday, January 1st will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, December 3rd. Imperial Oil’s dividend payout ratio (DPR) is presently 35.25%.

Imperial Oil is one of Canada’s largest integrated oil companies, focusing on upstream operations, petroleum refining operations, and the marketing of petroleum products. Production averaged 398 thousand barrels of oil equivalent per day in 2020. The company estimates that it holds 5.2 billion boe of proved and probable crude oil and natural gas reserves. Imperial remains the largest refiner of petroleum products in Canada, operating three refineries with a combined processing capacity of 421 mboe/d.