NYSE:COPConocoPhillips Stock Price, Forecast & News

ConocoPhillips' stock was trading at $32.56 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, COP shares have increased by 12.7% and is now trading at $36.71.
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23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last year. There are currently 4 hold ratings, 18 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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ConocoPhillips is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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ConocoPhillips (NYSE:COP) issued its earnings results on Thursday, July, 30th. The energy producer reported ($0.92) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.58) by $0.34. The energy producer earned $4.02 billion during the quarter, compared to the consensus estimate of $4.19 billion. ConocoPhillips had a return on equity of 3.72% and a net margin of 8.49%. During the same quarter in the prior year, the firm earned $1.01 EPS.
View ConocoPhillips' earnings history.

ConocoPhillips announced a quarterly dividend on Wednesday, July 8th. Shareholders of record on Monday, July 20th will be given a dividend of $0.42 per share on Tuesday, September 1st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Friday, July 17th.
View ConocoPhillips' dividend history.

ConocoPhillips announced that its board has authorized a stock buyback program on Tuesday, February 4th 2020, which authorizes the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 15.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

23 Wall Street analysts have issued 1 year target prices for ConocoPhillips' shares. Their forecasts range from $40.00 to $79.00. On average, they expect ConocoPhillips' stock price to reach $55.65 in the next year. This suggests a possible upside of 51.6% from the stock's current price.
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News stories about COP stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. ConocoPhillips earned a daily sentiment score of -1.7 on InfoTrie's scale. They also assigned headlines about the energy producer a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days.
View the latest news about ConocoPhillips.

ConocoPhillips saw a drop in short interest during the month of July. As of July 15th, there was short interest totaling 9,660,000 shares, a drop of 14.1% from the June 30th total of 11,240,000 shares. Based on an average daily trading volume, of 7,500,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.9% of the company's shares are sold short.
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Some companies that are related to ConocoPhillips include EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Continental Resources (CLR), Diamondback Energy (FANG), Apache (APA), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Range Resources (RRC) and PDC Energy (PDCE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other ConocoPhillips investors own include Exxon Mobil (XOM), AT&T (T), Intel (INTC), Chevron (CVX), Verizon Communications (VZ), Cisco Systems (CSCO), Walt Disney (DIS), Bank of America (BAC), Johnson & Johnson (JNJ) and General Electric (GE).

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

ConocoPhillips' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.41%), Schafer Cullen Capital Management Inc (0.18%), Manning & Napier Group LLC (0.16%), New York State Teachers Retirement System (0.16%), M&T Bank Corp (0.15%) and Retirement Systems of Alabama (0.13%). Company insiders that own ConocoPhillips stock include David Thomas Seaton, Don E Jr Wallette, Ellen Desanctis, Glenda Mae Schwarz, Janet Langford Kelly, Ryan Michael Lance and William L Jr Bullock.
View institutional ownership trends for ConocoPhillips.

COP stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Schafer Cullen Capital Management Inc, SG Americas Securities LLC, Manning & Napier Group LLC, Caymus Capital Partners L.P., Zurcher Kantonalbank Zurich Cantonalbank, Cullen Capital Management LLC, and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have sold ConocoPhillips company stock in the last year include Ellen Desanctis, and William L Jr Bullock.
View insider buying and selling activity for ConocoPhillips.

COP stock was purchased by a variety of institutional investors in the last quarter, including Atalanta Sosnoff Capital LLC, First Trust Advisors LP, United Asset Strategies Inc., Envestnet Asset Management Inc., Retirement Systems of Alabama, Boston Trust Walden Corp, TIAA FSB, and ProShare Advisors LLC.
View insider buying and selling activity for ConocoPhillips.

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

One share of COP stock can currently be purchased for approximately $36.71.

ConocoPhillips has a market capitalization of $39.37 billion and generates $36.67 billion in revenue each year. The energy producer earns $7.19 billion in net income (profit) each year or $3.59 on an earnings per share basis. ConocoPhillips employs 10,400 workers across the globe.

The official website for ConocoPhillips is www.conocophillips.com.

ConocoPhillips' mailing address is 925 N. ELDRIDGE PARKWAY, HOUSTON TX, 77084. The energy producer can be reached via phone at 281-293-1000 or via email at [email protected]