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. Since then, COP shares have increased by 17.6% and is now trading at $38.30.
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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) announced its quarterly earnings data on Thursday, July, 30th. The energy producer reported ($0.92) earnings per share for the quarter, missing the Zacks' 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 net margin of 8.49% and a return on equity of 3.72%. During the same quarter last year, the business 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 paid 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 4.39%. The ex-dividend date of this dividend is Friday, July 17th.
View ConocoPhillips' dividend history.

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

23 analysts have issued 12 month price targets for ConocoPhillips' shares. Their forecasts range from $40.00 to $79.00. On average, they anticipate ConocoPhillips' stock price to reach $55.74 in the next twelve months. This suggests a possible upside of 45.5% from the stock's current price.
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News headlines about COP stock have trended somewhat negative on Wednesday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. ConocoPhillips earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media headlines about the energy producer a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the near term.
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ConocoPhillips saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 9,660,000 shares, a decrease 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. Currently, 0.9% of the company's stock 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), Diamondback Energy (FANG), Continental Resources (CLR), Apache (APA), Noble Energy (NBL), Marathon Oil (MRO), Devon Energy (DVN), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Range Resources (RRC) and Southwestern Energy (SWN).
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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 variety of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.41%), Schafer Cullen Capital Management Inc (0.18%), DekaBank Deutsche Girozentrale (0.18%), Manning & Napier Group LLC (0.16%), New York State Teachers Retirement System (0.16%) and M&T Bank Corp (0.15%). 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 $38.30.

ConocoPhillips has a market capitalization of $41.07 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]