In yesterday’s Wall Street session, ConocoPhillips (NYSE:COP) shares traded at $129.98, up 3.58% from the previous session.
As of this writing, 28 analysts cover ConocoPhillips (NYSE:COP). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $167.00 and a low of $87.00, we find $141.50. Given the previous closing price of $125.49, this indicates a potential upside of 12.76 percent. COP stock price is now 8.65% away from the 50-day moving average and 26.14% away from the 200-day moving average. The market capitalization of the company currently stands at $165.24B.
There are 3 analysts who have given it a hold rating, whereas 22 have given it a buy rating. Brokers who have rated the stock have averaged $140.12 as their price target over the next twelve months.
With the price target maintained at $114, Societe Generale recently Downgraded its rating from Hold to Sell for ConocoPhillips (NYSE: COP). On October 19, 2022, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $143, while ‘BofA Securities’ rates the stock as ‘Buy’.
In other news, Olds Nicholas G, Executive Vice President sold 10,950 shares of the company’s stock on Nov 08. The stock was sold for $1,477,183 at an average price of $134.90. Upon completion of the transaction, the Executive Vice President now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07, SVP & General Counsel Rose Kelly Brunetti sold 2,374 shares of the business’s stock. A total of $321,986 was realized by selling the stock at an average price of $135.63. Insiders disposed of 1,695,579 shares of company stock worth roughly $220.39 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in COP stock. A new stake in ConocoPhillips shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $125,983,000. AMALGAMATED FINANCIAL CORP. invested $43,085,000 in shares of COP during the first quarter. In the first quarter, VIRGINIA RETIREMENT SYSTEM acquired a new stake in ConocoPhillips valued at approximately $29,453,000. MYRIAD ASSET MANAGEMENT LTD. acquired a new stake in COP for approximately $28,042,000. COVALIS (GIBRALTAR) LTD purchased a new stake in COP valued at around $23,092,000 in the second quarter. In total, there are 2,466 active investors with 83.50% ownership of the company’s stock.
Tuesday morning saw ConocoPhillips (NYSE: COP) opened at $128.00. During the past 12 months, ConocoPhillips has had a low of $64.25 and a high of $138.49. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.50, and a quick ratio of 1.40. The fifty day moving average price for COP is $120.33 and a two-hundred day moving average price translates $104.79 for the stock.
The latest earnings results from ConocoPhillips (NYSE: COP) was released for Jun, 2022. According to the Oil & Gas E&P Company, earnings per share came in at $3.91, beating analysts’ expectations of $3.8 by 0.11. This compares to $1.78 EPS in the same period last year. The net profit margin was 24.10% and return on equity was 37.30% for COP. The company reported revenue of $21.61 billion for the quarter, compared to $11.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 86.07 percent. For the current quarter, analysts expect COP to generate $18.47B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/13/2023. Investors who held shares on 12/27/2022 were paid a $0.70 dividend. On an annualized basis, this represents a $5.19 dividend and a 3.99% percent yield. There was an ex-dividend date of 12/23/2022 for this dividend. In terms of dividend payout ratio, COP is presently at 14.90%.
ConocoPhillips(COP) Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company’s portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.