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ConocoPhillips - COP Stock Forecast, Price & News

$118.06
-3.81 (-3.13%)
(As of 02/1/2023 11:27 AM ET)
Add
Compare
Today's Range
$117.31
$120.97
50-Day Range
$110.02
$126.81
52-Week Range
$78.30
$138.49
Volume
1.55 million shs
Average Volume
4.69 million shs
Market Capitalization
$147.11 billion
P/E Ratio
8.51
Dividend Yield
1.69%
Price Target
$135.57

ConocoPhillips MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.79 Rating Score
Upside/​Downside
15.9% Upside
$139.85 Price Target
Short Interest
Healthy
0.80% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-9.27
Upright™ Environmental Score
News Sentiment
0.21mentions of ConocoPhillips in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$2.02 M Sold Last Quarter
Proj. Earnings Growth
-13.75%
From $13.53 to $11.67 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.70 out of 5 stars

Oils/Energy Sector

43rd out of 247 stocks

Petroleum Refining Industry

2nd out of 20 stocks


COP stock logo

About ConocoPhillips (NYSE:COP) Stock

ConocoPhillips is a US-based muti-national energy company. ConocoPhillips is a diversified and integrated energy company with operations in all energy industry segments. In 2021, it was ranked the 8th largest petroleum company by market cap and was #156 on the Forbes Fortune 500 list. Regarding the global economy, it is the world’s 574th largest business, with operations in 13 countries. It is one of 5 remaining companies from Standard Oil’s split up and is the result of decades of mergers and acquisitions.

The company’s earliest origins are in 1875 with the birth of Continental Oil and Transportation Company, Conoco. The company grew quickly with the industrial revolution and the widening usage of Kerosene, among other petroleum products, for heating and lighting. By 1885 it had become part of the Standard Oil family of companies, a time in which it also saw explosive growth.

Assets related to the original Conoco were sold to oil exploration leader E.W. Marland and were later remerged following Standard’s demise. By 1929, the company was an independent and fully integrated energy company specializing in crude and derivative products. Phillips Petroleum Company was founded in 1917 as an oil exploration company that quickly expanded into diversified operations. The company hit the big times upon the discovery of natural gas in the Texas panhandle and it saw explosive growth in the war and post-war periods of the early and mid-20th century.

Today, ConocoPhillips explores for, develops and produces crude oil, natural gas, natural gas liquids and bitumen across a diversified portfolio of assets. The company also transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), natural gas liquids and their derivative products through a global network of distributors.

The company’s operations span the conventional and tight oil markets, including shale gas, heavy oil, oil sands and other petroleum-related businesses. As of late 2022, the company had more than 6.1 billion barrels of proven oil and oil-equivalent reserves and was producing 1.731 million barrels of crude and equivalents per day. Roughly 50% of operations are centered in the crude oil market while less than 40% are natural gas, with the remainder made up of LNG and bitumen (asphalt).

The company's portfolio includes conventional, unconventional plays in North America, Europe, Asia and Australia. Assets are primarily located in Alaska (about 33% of US production), Eagle Ford, the Permian Basin, the Bakken, the Gulf of Mexico and the Anadarko Basin. Revenue topped $45.8 billion in 2021 and the company employs about 9,900 worldwide. Exploratory operations are underway in Columbia and Chile where the opportunity for both scale and flexibility is present.

ConocoPhillips was the first major oil company to adopt the Paris Climate Accord and pledge to achieve net-zero scope 1 and scope 2 emissions by 2050. Areas of focus include increasing operational efficiencies, supporting the reduction of end-use pollutants and advancing low-carbon alternatives, including hydrogen production and fuel cells.

 

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COP Stock News Headlines

Energy Surge: Four Oil-And-Gas Stocks Setting Up In Bullish Bases (COP)
The energy sector is bouncing back after a red-hot 2022, with stocks including ConocoPhillips, EOG, HF Sinclair, and Phillips 66 boasting strong price action.
Will Oil Stocks Once Again Lead The Market As Inflation Eases? (COP)
Better-than-expected inflation data, and optimism about China, sent oil stocks higher Thursday. The S&P large-cap energy sector was the biggest gainer.
Top Innovation Stock
Today's stock market report features an AI Robotics tech stock with a $4 million order backlog.
3 Energy Stock Winners With More in the Tank (COP)
Throwing darts at a board of energy stocks was an effective strategy last year, but more careful energy stock selection will be in order in 2023.
10 Hot Oil Stocks To Buy Now
Top Innovation Stock
Today's stock market report features an AI Robotics tech stock with a $4 million order backlog.
Hess (HES) Tops Q4 Earnings and Revenue Estimates
ConocoPhillips (NYSE:COP) PT Raised to $160.00 at Barclays
20 Biggest Natural Resources Companies in the World
See More Headlines
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COP Company Calendar

Last Earnings
11/03/2022
Ex-Dividend for 1/13 Dividend
12/23/2022
Dividend Payable
1/13/2023
Today
2/01/2023
Next Earnings (Confirmed)
2/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
20825C10
Employees
9,900
Year Founded
2012

Price Target and Rating

Average Stock Price Forecast
$139.85
High Stock Price Forecast
$160.00
Low Stock Price Forecast
$114.00
Forecasted Upside/Downside
+14.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.79
Research Coverage
18 Analysts

Profitability

Net Income
$8.08 billion
Pretax Margin
34.66%

Debt

Sales & Book Value

Annual Sales
$48.35 billion
Cash Flow
$11.47 per share
Book Value
$34.43 per share

Miscellaneous

Outstanding Shares
1,246,070,000
Free Float
1,241,087,000
Market Cap
$147.11 billion
Optionable
Optionable
Beta
1.29

Social Links


Key Executives

  • Ryan M. Lance
    Chairman & Chief Executive Officer
  • Andrew O’Brien
    Senior Vice President-Global Operations
  • William L. BullockWilliam L. Bullock
    Chief Financial Officer & Executive Vice President
  • Dominic E. MacklonDominic E. Macklon
    Executive VP-Strategy, Sustainability & Technology
  • Pragati Mathur
    Chief Digital & Information Officer













COP Stock - Frequently Asked Questions

Should I buy or sell ConocoPhillips stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last year. There are currently 1 sell rating, 3 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" COP shares.
View COP analyst ratings
or view top-rated stocks.

What is ConocoPhillips' stock price forecast for 2023?

19 equities research analysts have issued twelve-month target prices for ConocoPhillips' stock. Their COP share price forecasts range from $50.00 to $160.00. On average, they anticipate the company's stock price to reach $135.57 in the next twelve months. This suggests a possible upside of 11.2% from the stock's current price.
View analysts price targets for COP
or view top-rated stocks among Wall Street analysts.

How have COP shares performed in 2023?

ConocoPhillips' stock was trading at $118.00 at the beginning of 2023. Since then, COP shares have increased by 3.3% and is now trading at $121.87.
View the best growth stocks for 2023 here
.

Are investors shorting ConocoPhillips?

ConocoPhillips saw a drop in short interest in the month of December. As of December 15th, there was short interest totaling 9,380,000 shares, a drop of 16.8% from the November 30th total of 11,280,000 shares. Based on an average daily trading volume, of 7,070,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.8% of the shares of the company are short sold.
View ConocoPhillips' Short Interest
.

When is ConocoPhillips' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our COP earnings forecast
.

How can I listen to ConocoPhillips' earnings call?

ConocoPhillips will be holding an earnings conference call on Thursday, February 2nd at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were ConocoPhillips' earnings last quarter?

ConocoPhillips (NYSE:COP) issued its quarterly earnings results on Thursday, November, 3rd. The energy producer reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.19. The energy producer had revenue of $21.61 billion for the quarter, compared to analyst estimates of $17.05 billion. ConocoPhillips had a trailing twelve-month return on equity of 35.02% and a net margin of 22.90%.

How often does ConocoPhillips pay dividends? What is the dividend yield for ConocoPhillips?

ConocoPhillips declared a quarterly dividend on Thursday, November 3rd. Shareholders of record on Tuesday, December 27th will be given a dividend of $0.51 per share on Friday, January 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, December 23rd. This is an increase from the stock's previous quarterly dividend of $0.46.
Read our dividend analysis for COP
.

Is ConocoPhillips a good dividend stock?

ConocoPhillips (NYSE:COP) pays an annual dividend of $2.04 per share and currently has a dividend yield of 1.65%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 14.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COP will have a dividend payout ratio of 17.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for COP.

What is Ryan M. Lance's approval rating as ConocoPhillips' CEO?

417 employees have rated ConocoPhillips Chief Executive Officer Ryan M. Lance on Glassdoor.com. Ryan M. Lance has an approval rating of 88% among the company's employees.

What other stocks do shareholders of ConocoPhillips own?

Based on aggregate information from My MarketBeat watchlists, some companies that other ConocoPhillips investors own include AT&T (T), Intel (INTC), Exxon Mobil (XOM), Chevron (CVX), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Verizon Communications (VZ), AbbVie (ABBV), Pfizer (PFE) and Bank of America (BAC).

What is ConocoPhillips' stock symbol?

ConocoPhillips trades on the New York Stock Exchange (NYSE) under the ticker symbol "COP."

Who are ConocoPhillips' major shareholders?

ConocoPhillips' stock is owned by a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.29%), New York State Common Retirement Fund (0.23%), Yacktman Asset Management LP (0.14%), New York State Teachers Retirement System (0.12%), Bank Julius Baer & Co. Ltd Zurich (0.11%) and Hamlin Capital Management LLC (0.11%). Insiders that own company stock include Andrew D Lundquist, David Thomas Seaton, Dominic E Macklon, Ellen Desanctis, Heather G Sirdashney, Jody Freeman, Nicholas G Olds, Nicholas G Olds, R A Walker, Ryan Michael Lance, Timothy A Leach and Welsh Kontessa S Haynes.
View institutional ownership trends
.

How do I buy shares of ConocoPhillips?

Shares of COP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is ConocoPhillips' stock price today?

One share of COP stock can currently be purchased for approximately $121.87.

How much money does ConocoPhillips make?

ConocoPhillips (NYSE:COP) has a market capitalization of $151.86 billion and generates $48.35 billion in revenue each year. The energy producer earns $8.08 billion in net income (profit) each year or $13.88 on an earnings per share basis.

How many employees does ConocoPhillips have?

The company employs 9,900 workers across the globe.

Does ConocoPhillips have any subsidiaries?
The following companies are subsidiares of ConocoPhillips: Ashford Energy Capital Limited, BROG LP LLC, Burlington Resources International Inc., Burlington Resources LLC, Burlington Resources Offshore Inc., Burlington Resources Oil & Gas Company LP, Burlington Resources Trading LLC, Concho Resources, Conoco Development Services Inc., Conoco Funding Company, Conoco Petroleum Operations Inc., ConocoPhillips (03-12) Pty Ltd, ConocoPhillips (Browse Basin) Pty Ltd, ConocoPhillips (Grissik) Ltd., ConocoPhillips (U.K.) Holdings Limited, ConocoPhillips (U.K.) Marketing and Trading Limited, ConocoPhillips ANS Marketing Company, ConocoPhillips Alaska II Inc., ConocoPhillips Alaska Inc., ConocoPhillips Angola 36 Ltd., ConocoPhillips Angola 37 Ltd., ConocoPhillips Asia Ventures Pte. Ltd., ConocoPhillips Australia Barossa Pty Ltd, ConocoPhillips Australia Gas Holdings Pty Ltd, ConocoPhillips Australia Holdings Pty Ltd, ConocoPhillips Australia Investments Pty Ltd, ConocoPhillips Australia Pacific LNG Pty Ltd, ConocoPhillips Australia Pty Ltd, ConocoPhillips Bohai Limited, ConocoPhillips Canada (BRC) Partnership, ConocoPhillips Canada (NS) 2426 ULC, ConocoPhillips Canada Marketing & Trading ULC, ConocoPhillips Canada NS Partnership, ConocoPhillips Canada Resources Corp., ConocoPhillips China Inc., ConocoPhillips Colombia Ventures Ltd., ConocoPhillips Company, ConocoPhillips Funding Ltd., ConocoPhillips Gulf of Paria B.V., ConocoPhillips Hamaca B.V., ConocoPhillips Indonesia Holding Ltd., ConocoPhillips JPDA Pty Ltd, ConocoPhillips Libya Waha Ltd., ConocoPhillips Marine Containment Holdings LLC, ConocoPhillips Norge, ConocoPhillips North Caspian Ltd., ConocoPhillips Norway Funding Ltd., ConocoPhillips Petroleum Holdings B.V., ConocoPhillips Pipeline Australia Pty Ltd, ConocoPhillips Qatar Funding Ltd., ConocoPhillips Qatar Ltd., ConocoPhillips Sabah Gas Holdings Limited, ConocoPhillips Sabah Gas Ltd., ConocoPhillips Sabah Holdings Limited, ConocoPhillips Sabah Ltd., ConocoPhillips Skandinavia AS, ConocoPhillips Surmont Partnership, ConocoPhillips Transportation Alaska Inc., ConocoPhillips WA-248 Pty Ltd, Darwin LNG Pty Ltd, Inexco Oil Company, Phillips Coal Company, Phillips International Investments Inc., Phillips Investment Company LLC, Phillips Petroleum International Corporation LLC, Phillips Petroleum International Investment Company LLC, Polar Tankers Inc., Sooner Insurance Company, The Louisiana Land and Exploration Company LLC, and Tosco Corporation.
Read More
How can I contact ConocoPhillips?

ConocoPhillips' mailing address is 925 N. ELDRIDGE PARKWAY, HOUSTON TX, 77084. The official website for the company is www.conocophillips.com. The energy producer can be reached via phone at (281) 293-1000, via email at investor.relations@conocophillips.com, or via fax at 281-293-1440.

This page (NYSE:COP) was last updated on 2/1/2023 by MarketBeat.com Staff