IMO Stock Summary and Trading Ideas (Imperial Oil | AMEX:IMO)

Imperial Oil Ltd is one of Canada's largest integrated oil companies. It is active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil and natural gas. It is a major producer of crude oil, the largest petroleum refiner, a leading marketer of petroleum products, and a major producer of petrochemicals. The company also pursues lower-emission business opportunities including carbon capture and storage, hydrogen and lower-emission fuels. The company's operations are conducted in three main segments: Upstream, Downstream, and Chemical. The majority of revenue is from the downstream segment. The Downstream segment is organized and operates to refine crude oil into petroleum products and to distribute and market these products.

Imperial Oil trades on the AMEX stock market under the symbol IMO.

As of May 13, 2024, IMO stock price declined to $69.62 with 257,982 million shares trading.

IMO has a beta of 0.40, meaning it tends to be less sensitive to market movements. IMO has a correlation of 0.05 to the broad based SPY ETF.

IMO has a market cap of $37.30 billion. This is considered a Large Cap stock.

Last quarter Imperial Oil reported $9 billion in Revenue and $1.65 earnings per share. This fell short of revenue expectation by $-3 billion and exceeded earnings estimates by $.14.

In the last 3 years, IMO stock traded as high as $74.58 and as low as $23.94.

The top ETF exchange traded funds that IMO belongs to (by Net Assets): ICOW, PID, DFIV, DFAX, DFIC.

IMO has outperformed the market in the last year with a return of +53.9%, while the SPY ETF gained +27.8%. In the last 3 month period, IMO beat the market returning +20.2%, while SPY returned +4.3%. However, in the most recent 2 weeks IMO has underperformed the stock market by returning -1.5%, while SPY returned +2.5%.

IMO support price is $68.63 and resistance is $71.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IMO stock will trade within this expected range on the day.