ConocoPhillips - COP Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last year. There are currently 1 sell rating, 3 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" COP shares.
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21 brokers have issued 12 month price targets for ConocoPhillips' shares. Their COP share price forecasts range from $102.00 to $157.00. On average, they predict the company's stock price to reach $135.95 in the next year. This suggests a possible upside of 40.5% from the stock's current price.
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ConocoPhillips' stock was trading at $118.00 at the start of the year. Since then, COP stock has decreased by 18.0% and is now trading at $96.75.
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ConocoPhillips saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 12,240,000 shares, an increase of 7.9% from the February 13th total of 11,340,000 shares. Based on an average daily trading volume, of 6,260,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.0% of the shares of the company are sold short.
View ConocoPhillips' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our COP earnings forecast.

ConocoPhillips (NYSE:COP) posted its quarterly earnings data on Thursday, February, 2nd. The energy producer reported $2.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.72 by $0.01. The energy producer had revenue of $19.26 billion for the quarter, compared to the consensus estimate of $18.16 billion. ConocoPhillips had a trailing twelve-month return on equity of 35.30% and a net margin of 22.74%. The business's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.27 earnings per share.
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ConocoPhillips declared a quarterly dividend on Thursday, February 2nd. Stockholders of record on Wednesday, March 29th will be given a dividend of $0.51 per share on Friday, April 14th. This represents a $2.04 annualized dividend and a yield of 2.11%. The ex-dividend date is Tuesday, March 28th.
Read our dividend analysis for COP.

ETFs with the largest weight of ConocoPhillips (NYSE:COP) stock in their portfolio include iShares U.S. Oil & Gas Exploration & Production ETF (IEO), Vanguard Energy ETF (VDE), iShares U.S. Energy ETF (IYE), Strive U.S. Energy ETF (DRLL), Fidelity MSCI Energy Index ETF (FENY), ProShares Ultra Energy (DIG), Pacer US Cash Cows Growth ETF (BUL) and iShares MSCI Global Energy Producers ETF (FILL).

ConocoPhillips (NYSE:COP) pays an annual dividend of $2.04 per share and currently has a dividend yield of 2.12%. 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 14.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COP will have a dividend payout ratio of 18.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for COP.

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.

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).

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

ConocoPhillips' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (1.80%), Price T Rowe Associates Inc. MD (1.38%), Morgan Stanley (1.34%), Dimensional Fund Advisors LP (1.05%), Moneta Group Investment Advisors LLC (0.69%) and Legal & General Group Plc (0.63%). 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.
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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.
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One share of COP stock can currently be purchased for approximately $96.75.

ConocoPhillips (NYSE:COP) has a market capitalization of $117.92 billion and generates $82.16 billion in revenue each year. The energy producer earns $18.68 billion in net income (profit) each year or $14.51 on an earnings per share basis.

The company employs 9,500 workers across the globe.

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.