ConocoPhillips - COP Stock Forecast, Price & News

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.

ConocoPhillips Stock Up 0.5 %

NYSE:COP opened at $95.98 on Thursday. The company has a market capitalization of $124.15 billion, a price-to-earnings ratio of 7.93, a price-to-earnings-growth ratio of 0.30 and a beta of 1.38. ConocoPhillips has a one year low of $51.41 and a one year high of $124.08. The stock has a 50-day simple moving average of $96.20 and a 200 day simple moving average of $97.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.54.

ConocoPhillips (NYSE:COP - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The energy producer reported $3.91 EPS for the quarter, missing analysts' consensus estimates of $3.95 by ($0.04). ConocoPhillips had a return on equity of 31.24% and a net margin of 23.10%. During the same period last year, the company earned $1.27 earnings per share. Sell-side analysts predict that ConocoPhillips will post 14.75 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Tuesday, August 16th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.92%. ConocoPhillips's payout ratio is currently 15.19%.

Analyst Ratings Changes

A number of research analysts recently weighed in on COP shares. Piper Sandler reduced their target price on ConocoPhillips from $148.00 to $123.00 and set an "overweight" rating on the stock in a report on Tuesday, July 19th. Scotiabank upgraded ConocoPhillips from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $110.00 to $115.00 in a report on Monday, April 18th. Truist Financial cut their price objective on ConocoPhillips from $126.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, July 13th. The Goldman Sachs Group cut their price objective on ConocoPhillips from $140.00 to $123.00 and set a "buy" rating on the stock in a research report on Wednesday, June 22nd. Finally, Societe Generale raised their price objective on ConocoPhillips to $127.00 in a research report on Thursday, June 9th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, ConocoPhillips presently has an average rating of "Moderate Buy" and a consensus target price of $120.37.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, Director Timothy A. Leach sold 40,603 shares of ConocoPhillips stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $102.33, for a total value of $4,154,904.99. Following the completion of the transaction, the director now directly owns 666,002 shares in the company, valued at $68,151,984.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other ConocoPhillips news, Director Timothy A. Leach sold 40,603 shares of ConocoPhillips stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $102.33, for a total value of $4,154,904.99. Following the completion of the transaction, the director now directly owns 666,002 shares in the company, valued at $68,151,984.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Michael Lance sold 584,900 shares of the business's stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $121.21, for a total value of $70,895,729.00. Following the transaction, the chief executive officer now owns 44,522 shares of the company's stock, valued at $5,396,511.62. The disclosure for this sale can be found here. Insiders sold a total of 644,703 shares of company stock worth $77,172,426 over the last ninety days. Company insiders own 0.40% of the company's stock.