ConocoPhillips Stock Forecast, Price & 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 shares have increased by 23.5% and is now trading at $40.20.
View which stocks have been most impacted by COVID-19.

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last year. There are currently 3 hold ratings, 19 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for ConocoPhillips or view MarketBeat's top 5 stock picks.

Wall Street analysts have given ConocoPhillips a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but ConocoPhillips wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

ConocoPhillips is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021.
View our earnings forecast for ConocoPhillips.

ConocoPhillips (NYSE:COP) issued its earnings results on Thursday, October, 29th. The energy producer reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.30) by $0.01. The energy producer earned $4.38 billion during the quarter, compared to analyst estimates of $4.98 billion. ConocoPhillips had a negative return on equity of 0.02% and a negative net margin of 5.66%. During the same quarter in the previous year, the business earned $0.82 earnings per share.
View ConocoPhillips' earnings history.

ConocoPhillips announced a quarterly dividend on Friday, October 9th. Shareholders of record on Monday, October 19th will be paid a dividend of $0.43 per share on Tuesday, December 1st. This represents a $1.72 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Friday, October 16th. This is an increase from ConocoPhillips's previous quarterly dividend of $0.42.
View ConocoPhillips' dividend history.

ConocoPhillips announced that its Board of Directors has initiated a share repurchase plan on Tuesday, February 4th 2020, which allows the company to buyback $10,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 15.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

23 brokerages have issued 12 month price objectives for ConocoPhillips' stock. Their forecasts range from $43.00 to $75.00. On average, they expect ConocoPhillips' share price to reach $52.86 in the next year. This suggests a possible upside of 31.5% from the stock's current price.
View analysts' price targets for ConocoPhillips.

ConocoPhillips saw a increase in short interest in November. As of November 15th, there was short interest totaling 34,570,000 shares, an increase of 33.8% from the October 31st total of 25,830,000 shares. Based on an average trading volume of 10,830,000 shares, the short-interest ratio is presently 3.2 days. Approximately 3.2% of the shares of the company are short sold.
View ConocoPhillips' Short Interest.

Some companies that are related to ConocoPhillips include EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Oasis Petroleum (OAS), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Devon Energy (DVN), Apache (APA), Marathon Oil (MRO), WPX Energy (WPX), EQT (EQT), Cimarex Energy (XEC), Southwestern Energy (SWN) and Range Resources (RRC).
View all competitors.

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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.06%), State Street Corp (5.12%), Massachusetts Financial Services Co. MA (1.72%), Boston Partners (1.27%), Morgan Stanley (0.69%) and Nuveen Asset Management LLC (0.69%). Company insiders that own ConocoPhillips stock include David Thomas Seaton, Ellen Desanctis 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 Morgan Stanley, Nuveen Asset Management LLC, AJO LP, Allianz Asset Management GmbH, CI Investments Inc., Connor Clark & Lunn Investment Management Ltd., First Trust Advisors LP, and Achmea Investment Management B.V.. 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 Boston Partners, Arrowstreet Capital Limited Partnership, State Street Corp, MUFG Securities EMEA plc, Victory Capital Management Inc., Natixis, State of Alaska Department of Revenue, and Squarepoint Ops 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 $40.20.

ConocoPhillips has a market capitalization of $43.12 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]