Q4 EPS Estimates for ConocoPhillips Raised by Zacks Research

Key Points

• Zacks Research has revised its Q4 2026 earnings per share estimate for ConocoPhillips to $1.47, up from a previous estimate of $1.44, contributing to a full-year earnings forecast of $8.16 per share.
• ConocoPhillips recently posted $1.42 EPS for Q2, surpassing the consensus estimate of $1.36, along with a revenue of $14.94 billion, exceeding expectations.
• The company announced a quarterly dividend of $0.78, resulting in an annualized dividend yield of 3.3%, with a payout ratio of 41.88%.

ConocoPhillips (NYSE:COP - Free Report) - Stock analysts at Zacks Research upped their Q4 2026 earnings per share estimates for ConocoPhillips in a report issued on Monday, September 1st. Zacks Research analyst Team now expects that the energy producer will earn $1.47 per share for the quarter, up from their previous estimate of $1.44. The consensus estimate for ConocoPhillips' current full-year earnings is $8.16 per share. Zacks Research also issued estimates for ConocoPhillips' Q1 2027 earnings at $1.78 EPS.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.06. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.39 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.ConocoPhillips's revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.98 earnings per share.

A number of other brokerages also recently issued reports on COP. Citigroup lowered their price objective on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a research report on Wednesday, June 11th. Susquehanna lowered their price objective on ConocoPhillips from $114.00 to $113.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada lowered their price target on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating on the stock in a research report on Friday, July 11th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $117.00 price objective (up from $113.00) on shares of ConocoPhillips in a research note on Thursday, June 26th. Finally, Wall Street Zen cut ConocoPhillips from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. Sixteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $120.86.

ConocoPhillips Stock Performance

Shares of NYSE:COP traded down $1.60 during trading on Thursday, hitting $91.35. 9,746,178 shares of the company were exchanged, compared to its average volume of 8,009,294. The company has a market cap of $114.09 billion, a PE ratio of 12.26, a P/E/G ratio of 2.43 and a beta of 0.69. The stock has a 50 day moving average of $94.76 and a 200 day moving average of $93.08. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $116.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, August 18th. ConocoPhillips's payout ratio is presently 41.88%.

Insiders Place Their Bets

In other news, EVP Kirk L. Johnson acquired 5,300 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was bought at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the acquisition, the executive vice president directly owned 14,527 shares in the company, valued at approximately $1,369,024.48. The trade was a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ConocoPhillips

A number of hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in ConocoPhillips by 0.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 40,382,724 shares of the energy producer's stock worth $3,623,946,000 after purchasing an additional 287,970 shares in the last quarter. Wellington Management Group LLP raised its position in shares of ConocoPhillips by 1.4% during the 1st quarter. Wellington Management Group LLP now owns 31,610,608 shares of the energy producer's stock valued at $3,319,746,000 after buying an additional 437,709 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of ConocoPhillips by 1.6% during the 2nd quarter. Fisher Asset Management LLC now owns 14,393,875 shares of the energy producer's stock valued at $1,291,706,000 after buying an additional 224,201 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of ConocoPhillips by 31.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer's stock valued at $966,267,000 after buying an additional 2,575,803 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of ConocoPhillips by 30.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,972,545 shares of the energy producer's stock valued at $942,297,000 after buying an additional 2,080,625 shares in the last quarter. Institutional investors own 82.36% of the company's stock.

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.