Stocks of ConocoPhillips (NYSE:COP) traded higher last session on Wall Street, down -0.75% to $123.57.
According to the data, ConocoPhillips (NYSE:COP) has 26 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $153.00 and a low of $107.00, we find $135.00. Given the previous closing price of $124.50, this indicates a potential upside of 8.43 percent. COP stock price is now 7.11% away from the 50-day moving average and 13.59% away from the 200-day moving average. The market capitalization of the company currently stands at $149.09B.
A total of 4 analysts have issued a hold rating and 20 have given it a buy rating. Brokers who have rated the stock have averaged $133.96 as their price target over the next twelve months.
With the price target maintained at $120, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for ConocoPhillips (NYSE: COP).
In other news, Lance Ryan Michael, Chairman and CEO sold 569,400 shares of the company’s stock on Sep 01. The stock was sold for $69,547,370 at an average price of $122.14. Upon completion of the transaction, the Chairman and CEO now directly owns 18,187 shares in the company, valued at $2.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08, Director DEVINE CAROLINE MAURY sold 1,000 shares of the business’s stock. A total of $102,080 was realized by selling the stock at an average price of $102.08. This leaves the insider owning 849 shares of the company worth $0.1 million. Insiders disposed of 680,912 shares of company stock worth roughly $84.14 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 COOKE & BIELER LP during the first quarter worth $142,356,000. JUPITER ASSET MANAGEMENT LTD invested $45,570,000 in shares of COP during the first quarter. In the first quarter, EA SERIES TRUST acquired a new stake in ConocoPhillips valued at approximately $36,812,000. CAMBIAR INVESTORS LLC acquired a new stake in COP for approximately $36,469,000. MORNINGSTAR INVESTMENT SERVICES LLC purchased a new stake in COP valued at around $25,285,000 in the second quarter. In total, there are 2,626 active investors with 83.40% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $124.05 for ConocoPhillips (NYSE: COP). During the past 12 months, ConocoPhillips has had a low of $90.43 and a high of $135.97. 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 $115.84 and a two-hundred day moving average price translates $109.60 for the stock.
The latest earnings results from ConocoPhillips (NYSE: COP) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $1.84, missing analysts’ expectations of $1.95 by -0.11. This compares to $3.96 EPS in the same period last year. The net profit margin was 19.30% and return on equity was 26.80% for COP. The company reported revenue of $12.88 billion for the quarter, compared to $21.99 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -41.41 percent. For the current quarter, analysts expect COP to generate $14.56B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/16/2023. Investors who held shares on 09/28/2023 were paid a $0.60 dividend. On an annualized basis, this represents a $4.54 dividend and a 3.67% percent yield. There was an ex-dividend date of 09/27/2023 for this dividend. In terms of dividend payout ratio, COP is presently at 48.80%.
