Zacks Research Cuts Earnings Estimates for ConocoPhillips

ConocoPhillips (NYSE:COP - Free Report) - Stock analysts at Zacks Research decreased their Q1 2027 earnings per share estimates for shares of ConocoPhillips in a note issued to investors on Wednesday, April 30th. Zacks Research analyst R. Department now expects that the energy producer will post earnings per share of $1.92 for the quarter, down from their prior estimate of $2.10. The consensus estimate for ConocoPhillips' current full-year earnings is $8.16 per share.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%.

Several other equities research analysts have also recently weighed in on COP. JPMorgan Chase & Co. dropped their target price on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Scotiabank cut their target price on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Susquehanna set a $136.00 target price on shares of ConocoPhillips in a research note on Tuesday, April 22nd. Barclays dropped their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Finally, TD Cowen assumed coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They issued a "buy" rating and a $125.00 price objective on the stock. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $124.79.

ConocoPhillips Trading Up 0.9 %

NYSE COP traded up $0.81 during trading on Thursday, hitting $91.46. 6,895,414 shares of the company's stock traded hands, compared to its average volume of 7,181,461. The stock has a fifty day moving average of $93.78 and a two-hundred day moving average of $100.00. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $125.22. The firm has a market cap of $115.62 billion, a P/E ratio of 11.74, a PEG ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio is 40.05%.

Institutional Trading of ConocoPhillips

Hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of ConocoPhillips by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock worth $4,546,706,000 after acquiring an additional 5,549,078 shares during the last quarter. Tidal Investments LLC grew its position in ConocoPhillips by 42.7% during the 3rd quarter. Tidal Investments LLC now owns 103,553 shares of the energy producer's stock valued at $10,902,000 after purchasing an additional 31,011 shares during the last quarter. Leavell Investment Management Inc. increased its stake in ConocoPhillips by 59.8% during the 4th quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock valued at $1,901,000 after purchasing an additional 7,174 shares in the last quarter. Brookstone Capital Management raised its holdings in ConocoPhillips by 4.5% in the fourth quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock worth $878,000 after buying an additional 383 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of ConocoPhillips by 2.3% in the third quarter. Principal Financial Group Inc. now owns 1,474,270 shares of the energy producer's stock worth $155,211,000 after buying an additional 32,948 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

ConocoPhillips 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, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.