Stocks of Conoco Phillips (NYSE:COP) traded higher last session on Wall Street, down -0.19% to $125.99.
COP stock price is now 11.43% away from the 50-day moving average and 10.41% away from the 200-day moving average. The market capitalization of the company currently stands at $148.22B.
On November 14, 2023, Johnson Rice recently initiated its ‘Accumulate’ rating on the stock quoting a target price of $135, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Lance Ryan Michael, Chairman and CEO sold 607,000 shares of the company’s stock on Mar 25 ’24. The stock was sold for $76,426,824 at an average price of $125.91. Upon completion of the transaction, the Chairman and CEO now directly owns 6,780 shares in the company, valued at $0.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 25 ’24, Executive Vice President Olds Nicholas G sold 12,150 shares of the business’s stock. A total of $1,536,280 was realized by selling the stock at an average price of $126.44. This leaves the insider owning 14,522 shares of the company worth $1.83 million. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, Conoco Phillips has had a low of $93.80 and a high of $127.12. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.43, and a quick ratio of 1.29. The fifty day moving average price for COP is $113.44 and a two-hundred day moving average price translates $114.65 for the stock.
The latest earnings results from Conoco Phillips (NYSE: COP) was released for Dec, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $2.4, beating analysts’ expectations of $2.09 by 0.31. This compares to $2.67 EPS in the same period last year. The net profit margin was 19.50% and return on equity was 22.47% for COP. The company reported revenue of $15.31 billion for the quarter, compared to $19.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.53 percent. For the current quarter, analysts expect COP to generate $14.9B in revenue.
