ConocoPhillips - COP Stock Forecast, Price & News

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last twelve months. 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 Wall Street analysts have issued 1 year price targets for ConocoPhillips' stock. Their COP share price forecasts range from $102.00 to $157.00. On average, they expect the company's stock price to reach $135.62 in the next twelve months. This suggests a possible upside of 39.1% from the stock's current price.
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ConocoPhillips' stock was trading at $118.00 at the beginning of 2023. Since then, COP shares have decreased by 17.4% and is now trading at $97.48.
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ConocoPhillips saw a increase in short interest in 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 trading volume of 6,260,000 shares, the short-interest ratio is presently 2.0 days. Approximately 1.0% of the shares of the company are short sold.
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 will be holding an earnings conference call on Thursday, May 4th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

ConocoPhillips (NYSE:COP) posted its quarterly earnings data on Thursday, February, 2nd. The energy producer reported $2.71 earnings per share for the quarter, missing analysts' consensus estimates of $2.72 by $0.01. The energy producer earned $19.26 billion during the quarter, compared to analyst estimates of $18.16 billion. ConocoPhillips had a trailing twelve-month return on equity of 35.30% and a net margin of 22.74%. The company's revenue was up 20.7% on a year-over-year basis. During the same period last year, the firm posted $2.27 earnings per share.
Read the conference call transcript.

ConocoPhillips announced a quarterly dividend on Thursday, February 2nd. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend 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), Fidelity MSCI Energy Index ETF (FENY), Vanguard Energy ETF (VDE), iShares U.S. Energy ETF (IYE), Strive U.S. Energy ETF (DRLL), ProShares Ultra Energy (DIG), Pacer US Cash Cows Growth ETF (BUL) and Invesco Dynamic Energy Exploration & Production ETF (PXE).

ConocoPhillips (NYSE:COP) pays an annual dividend of $2.04 per share and currently has a dividend yield of 2.14%. 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 many different retail and institutional 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.
View institutional ownership trends.

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 $97.48.

ConocoPhillips (NYSE:COP) has a market capitalization of $118.81 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.