IMPERIAL OIL LIMITED
In the published model solve dated 2026-Q2, anchored at $128.85, IMPERIAL OIL LIMITED (IMO) is priced for +23.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Imperial Oil is a Canadian integrated energy company spanning oil-sands production, refining, and chemicals, majority-owned by ExxonMobil, with its production engine anchored at the Kearl and Cold Lake oil-sands operations. • The defining feature is capital return: the share count has fallen nearly 8% a year on buybacks, the dividend has grown for 31 straight years, and the company announced a 20.6% dividend increase [Source: Imperial Oil 2025 results, 8-K]. • Watch production and crude prices
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393 institutional managers reported holding IMO in 13F filings for the quarter ended 2026-03-31. Together they hold about 25% of the company; the top 10 hold 20%. 88 opened new positions that quarter. Held by FMR (Fidelity), First Eagle Investment Management, Vanguard Group, among others. On the short side, 16.2M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (26.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
IMO has cut its share count 33.2% over the past five years, spending $12.68B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 8 years straight; the current rate is $2.12 a share annually. Cash returned over the past three years: $2.62B in dividends and $7.19B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at IMO over the trailing three years. Absence is a fact about the company, not a signal.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
IMO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | +4.9% | +9.4% |
| 2023-11-01 | +0.4% | +3.0% |
| 2024-02-29 | -0.8% | +8.9% |
| 2024-04-30 | -2.5% | -0.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
IMO's latest 8-K filings: 2026-07-31 (items 5.02); 2026-07-31 (items 2.02, 9.01); 2026-07-31 (items 7.01, 9.01); 2026-07-15 (items 7.01, 9.01); 2026-06-23 (items 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.