In yesterday’s Wall Street session, ConocoPhillips (NYSE:COP) shares traded at $98.07, down -2.21% from the previous session.
30 analysts cover ConocoPhillips (NYSE:COP), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $165.00 and a low of $97.00, we find $134.00. Given the previous closing price of $100.29, this indicates a potential upside of 33.61 percent. COP stock price is now -3.64% away from the 50-day moving average and -10.89% away from the 200-day moving average. The market capitalization of the company currently stands at $119.22B.
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The stock has received a hold rating from 9 analysts and a buy rating from 20. Brokers who have rated the stock have averaged $132.32 as their price target over the next twelve months.
With the price target of $139, UBS recently initiated with Buy rating for ConocoPhillips (NYSE: COP). On April 17, 2023, Mizuho Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $143 to quote $128, while ‘Societe Generale’ rates the stock as ‘Hold’.
In other news, DEVINE CAROLINE MAURY, Director sold 1,000 shares of the company’s stock on May 08. The stock was sold for $102,080 at an average price of $102.08. Upon completion of the transaction, the Director now directly owns 849 shares in the company, valued at $83261.43. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 22, Director WALKER R A bought 4,800 shares of the business’s stock. A total of $494,400 was incurred on buying the stock at an average price of $103.00. This leaves the insider owning 27,600 shares of the company worth $2.71 million. Insiders disposed of 1,338,162 shares of company stock worth roughly $131.23 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 VOLORIDGE INVESTMENT MANAGEMENT, LLC during the first quarter worth $116,271,000. ALYESKA INVESTMENT GROUP, L.P. invested $59,644,000 in shares of COP during the first quarter. In the first quarter, RUFFER LLP acquired a new stake in ConocoPhillips valued at approximately $50,668,000. ENCOMPASS CAPITAL ADVISORS LLC acquired a new stake in COP for approximately $19,614,000. ILMARINEN MUTUAL PENSION INSURANCE CO purchased a new stake in COP valued at around $13,436,000 in the second quarter. In total, there are 2,637 active investors with 83.40% ownership of the company’s stock.
On Tuesday morning ConocoPhillips (NYSE: COP) stock kicked off with the opening price of $99.87. During the past 12 months, ConocoPhillips has had a low of $76.24 and a high of $136.78. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.40, and a quick ratio of 1.30. The fifty day moving average price for COP is $101.74 and a two-hundred day moving average price translates $111.31 for the stock.
The latest earnings results from ConocoPhillips (NYSE: COP) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $2.38, beating analysts’ expectations of $2.05 by 0.33. This compares to $4.39 EPS in the same period last year. The net profit margin was 21.00% and return on equity was 32.50% for COP. The company reported revenue of $15.52 billion for the quarter, compared to $19.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.56 percent. For the current quarter, analysts expect COP to generate $15.82B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/14/2023. Investors who held shares on 06/27/2023 were paid a $0.60 dividend. On an annualized basis, this represents a $5.39 dividend and a 5.50% percent yield. There was an ex-dividend date of 06/26/2023 for this dividend. In terms of dividend payout ratio, COP is presently at 40.10%.
ConocoPhillips(COP) Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States and internationally. 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 global exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.
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