Stocks of Conoco Phillips (NYSE:COP) traded higher last session on Wall Street, up 2.97% to $123.09.
According to the data, Conoco Phillips (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 $160.00 and a low of $107.00, we find $137.00. Given the previous closing price of $119.54, this indicates a potential upside of 14.61 percent. COP stock price is now 4.99% away from the 50-day moving average and 13.60% away from the 200-day moving average. The market capitalization of the company currently stands at $147.40B.
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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 $134.74 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 Conoco Phillips (NYSE: COP).
In other news, Mulligan Sharmila, Director sold 1,849 shares of the company’s stock on Sep 15. The stock was sold for $231,476 at an average price of $125.19. Upon completion of the transaction, the Director 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 Sep 01, Chairman and CEO Lance Ryan Michael sold 569,400 shares of the business’s stock. A total of $69,547,370 was realized by selling the stock at an average price of $122.14. This leaves the insider owning 18,187 shares of the company worth $2.24 million. Insiders disposed of 680,912 shares of company stock worth roughly $83.81 million over the past 1 year. A total of 0.11% 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 Conoco Phillips shares was purchased by COOKE & BIELER LP during the first quarter worth $141,803,000. JUPITER ASSET MANAGEMENT LTD invested $45,393,000 in shares of COP during the first quarter. In the first quarter, EA SERIES TRUST acquired a new stake in Conoco Phillips valued at approximately $36,669,000. CAMBIAR INVESTORS LLC acquired a new stake in COP for approximately $36,327,000. MORNINGSTAR INVESTMENT SERVICES LLC purchased a new stake in COP valued at around $25,187,000 in the second quarter. In total, there are 2,626 active investors with 81.78% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $121.71 for Conoco Phillips (NYSE: COP). During the past 12 months, Conoco Phillips has had a low of $89.98 and a high of $135.29. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.41, and a quick ratio of 1.28. The fifty day moving average price for COP is $118.12 and a two-hundred day moving average price translates $109.67 for the stock.
The latest earnings results from Conoco Phillips (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 19.37% and return on equity was 26.44% 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 $14.54B 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 $3.44 dividend and a 2.79% 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 34.25%.
Conoco Phillips(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.
