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.

Analyst Ratings Changes

COP has been the topic of several recent analyst reports. MKM Partners restated a "buy" rating and set a $110.00 price objective on shares of ConocoPhillips in a research note on Wednesday, July 20th. Societe Generale boosted their price objective on shares of ConocoPhillips to $127.00 in a research note on Thursday, June 9th. Susquehanna Bancshares upped their price target on shares of ConocoPhillips from $108.00 to $129.00 in a research note on Monday, April 25th. Bank of America upgraded shares of ConocoPhillips from a "neutral" rating to a "buy" rating and decreased their price target for the company from $135.00 to $134.00 in a research note on Tuesday, July 19th. Finally, Truist Financial decreased their price target on shares of ConocoPhillips from $126.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, July 13th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $120.37.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $93.63 on Tuesday. The company has a 50 day moving average of $96.54 and a 200-day moving average of $97.52. ConocoPhillips has a 1-year low of $51.41 and a 1-year high of $124.08. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The company has a market cap of $121.11 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 0.30 and a beta of 1.38.

ConocoPhillips (NYSE:COP - Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The energy producer reported $3.91 earnings per share 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 quarter in the prior year, the company posted $1.27 EPS. As a group, equities research analysts forecast that ConocoPhillips will post 14.75 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Tuesday, August 16th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.97%. The ex-dividend date is Monday, August 15th. ConocoPhillips's payout ratio is 15.19%.

Insider Activity at ConocoPhillips

In related news, CEO Ryan Michael Lance sold 584,900 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $121.21, for a total value of $70,895,729.00. Following the completion of the transaction, the chief executive officer now owns 44,522 shares of the company's stock, valued at approximately $5,396,511.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other ConocoPhillips news, Director Timothy A. Leach sold 40,603 shares of the company's stock in a transaction that occurred on Thursday, May 19th. The shares were 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 approximately $68,151,984.66. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Michael Lance sold 584,900 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $121.21, for a total transaction of $70,895,729.00. Following the completion of 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 valued at $77,172,426 in the last quarter. Insiders own 0.40% of the company's stock.