In Friday’s Wall Street session, Conoco Phillips (NYSE:COP) shares traded at $86.39, up 3.72% from the previous session.
COP stock price is now -11.00% away from the 50-day moving average and -17.59% away from the 200-day moving average. The market capitalization of the company currently stands at $109.21B.
With the price target reduced from $157 to $124, Raymond James Downgraded its rating from Strong Buy to Outperform for Conoco Phillips (NYSE: COP). On January 17, 2025, TD Cowen recently initiated its ‘Buy’ rating on the stock quoting a target price of $125, while ‘Mizuho’ rates the stock as ‘Outperform’
In other news, Murti Arjun N, Director bought 2,500 shares of the company’s stock on Dec 20 ’24. The stock was bought for $239,675 at an average price of $95.87. Upon completion of the transaction, the Director now directly owns 21,500 shares in the company, valued at $1.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 17 ’24, Director WALKER R A bought 10,400 shares of the business’s stock. A total of $1,017,161 was incurred on buying the stock at an average price of $97.80. This leaves the insider owning 38,000 shares of the company worth $3.28 million. A total of 0.11% of the company’s stock is owned by insiders.
During the past 12 months, Conoco Phillips has had a low of $79.88 and a high of $134.71. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 1.29, and a quick ratio of 1.14. According to the stock market information, the enterprise value for the company is $129154924544, which is based on a 11.07 price-to-earnings ratio, a 1.44 price-to-earnings-growth ratio, and a beta of 0.71. The fifty day moving average price for COP is $97.0678 and a two-hundred day moving average price translates $104.86225 for the stock.
The latest earnings results from Conoco Phillips (NYSE: COP) was released for 2024-12-31. The net profit margin was 16.88% and return on equity was 16.16% for COP. The company reported revenue of $14.74 billion for the quarter, compared to $15.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.72 percent.
