ConocoPhillips (COP) Scheduled to Post Earnings on Thursday

ConocoPhillips (NYSE:COP - Get Free Report) will release its earnings data before the market opens on Thursday, May 2nd. Analysts expect ConocoPhillips to post earnings of $2.05 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.32. The company had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same quarter in the prior year, the firm earned $2.71 earnings per share. On average, analysts expect ConocoPhillips to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

ConocoPhillips Price Performance

ConocoPhillips stock traded up $0.79 during mid-day trading on Thursday, reaching $130.07. 3,664,033 shares of the company's stock traded hands, compared to its average volume of 5,355,984. The company has a market cap of $153.02 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.71 and a beta of 1.24. The stock has a 50 day moving average of $121.71 and a two-hundred day moving average of $117.49. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 12-month low of $95.70 and a 12-month high of $135.18.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.12 annualized dividend and a dividend yield of 2.40%. This is an increase from ConocoPhillips's previous quarterly dividend of $0.58. ConocoPhillips's dividend payout ratio is currently 25.61%.

Insiders Place Their Bets

In other news, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the transaction, the executive vice president now directly owns 14,522 shares of the company's stock, valued at approximately $1,836,161.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the transaction, the executive vice president now directly owns 14,522 shares of the company's stock, valued at approximately $1,836,161.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ryan Michael Lance sold 607,000 shares of ConocoPhillips stock in a transaction on Monday, March 25th. The shares were sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the completion of the sale, the chief executive officer now directly owns 6,780 shares in the company, valued at approximately $853,669.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 700,775 shares of company stock valued at $87,615,169. 0.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COP. Barclays assumed coverage on shares of ConocoPhillips in a research note on Wednesday, April 10th. They issued an "overweight" rating and a $158.00 target price on the stock. Scotiabank raised their price target on shares of ConocoPhillips from $120.00 to $135.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 11th. Morgan Stanley increased their target price on shares of ConocoPhillips from $123.00 to $129.00 and gave the stock an "overweight" rating in a report on Thursday, March 28th. UBS Group increased their target price on shares of ConocoPhillips from $138.00 to $143.00 and gave the stock a "buy" rating in a report on Wednesday, February 14th. Finally, Piper Sandler increased their target price on shares of ConocoPhillips from $145.00 to $157.00 and gave the stock an "overweight" rating in a report on Thursday, April 18th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ConocoPhillips presently has an average rating of "Moderate Buy" and an average price target of $143.24.

About ConocoPhillips

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.