NYSE:COPConocoPhillips Stock Price, Forecast & News

ConocoPhillips' stock was trading at $32.56 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, COP stock has increased by 25.4% and is now trading at $40.82.
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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.
View our earnings forecast for ConocoPhillips.

ConocoPhillips (NYSE:COP) released its earnings results 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 had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.19 billion. ConocoPhillips had a net margin of 8.49% and a return on equity of 3.72%. During the same period in the prior year, the firm posted $1.01 earnings per share.
View ConocoPhillips' earnings history.

ConocoPhillips declared a quarterly dividend on Wednesday, July 8th. Stockholders 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 annualized dividend and a yield of 4.12%. The ex-dividend date is Friday, July 17th.
View ConocoPhillips' dividend history.

ConocoPhillips announced that its board has authorized a stock repurchase plan on Tuesday, February 4th 2020, which allows the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 15.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

23 equities research analysts have issued 12 month price targets for ConocoPhillips' shares. Their forecasts range from $40.00 to $79.00. On average, they anticipate ConocoPhillips' share price to reach $55.74 in the next year. This suggests a possible upside of 36.5% from the stock's current price.
View analysts' price targets for ConocoPhillips.

Media stories about COP stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. ConocoPhillips earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned news stories about the energy producer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days.
View the latest news about ConocoPhillips.

ConocoPhillips saw a drop in short interest in April. As of April 30th, there was short interest totaling 14,080,000 shares, a drop of 12.9% from the April 15th total of 16,170,000 shares. Based on an average daily volume of 11,830,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.3% of the shares of the stock are sold short.
View ConocoPhillips' Short Interest.

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 AT&T (T), Exxon Mobil (XOM), Intel (INTC), Chevron (CVX), Cisco Systems (CSCO), Verizon Communications (VZ), AbbVie (ABBV), Johnson & Johnson (JNJ), Bank of America (BAC) and Walt Disney (DIS).

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

ConocoPhillips' stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.55%), BlackRock Inc. (8.04%), Macquarie Group Ltd. (1.51%), Bank of New York Mellon Corp (1.10%), FMR LLC (0.96%) and Fisher Asset Management LLC (0.45%). 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 FMR LLC, Assenagon Asset Management S.A., Schafer Cullen Capital Management Inc, MUFG Securities EMEA plc, HITE Hedge Asset Management LLC, Arosa Capital Management LP, Prudential Financial Inc., and Russell Investments Group Ltd.. 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 bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Macquarie Group Ltd., Bank of Montreal Can, AJO LP, AMF Pensionsforsakring AB, Atalanta Sosnoff Capital LLC, Bessemer Group Inc., and Bank of New York Mellon Corp.
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 $40.82.

ConocoPhillips has a market capitalization of $43.78 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]