ConocoPhillips (COP) Stock Forecast, Price & News

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last twelve months. There are currently 5 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" COP shares.
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21 equities research analysts have issued 12 month price targets for ConocoPhillips' stock. Their COP share price forecasts range from $102.00 to $167.00. On average, they anticipate the company's stock price to reach $137.58 in the next year. This suggests a possible upside of 35.1% from the stock's current price.
View analysts price targets for COP or view top-rated stocks among Wall Street analysts.

ConocoPhillips' stock was trading at $118.00 at the start of the year. Since then, COP stock has decreased by 13.7% and is now trading at $101.85.
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ConocoPhillips saw a decline in short interest in May. As of May 15th, there was short interest totaling 10,140,000 shares, a decline of 9.1% from the April 30th total of 11,160,000 shares. Based on an average trading volume of 6,420,000 shares, the short-interest ratio is currently 1.6 days. Currently, 0.8% of the company's shares are sold short.
View ConocoPhillips' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our COP earnings forecast.

ConocoPhillips (NYSE:COP) issued its quarterly earnings results on Thursday, May, 4th. The energy producer reported $2.38 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.36. The energy producer had revenue of $15.52 billion for the quarter, compared to the consensus estimate of $16.06 billion. ConocoPhillips had a trailing twelve-month return on equity of 32.75% and a net margin of 20.21%. The business's revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter last year, the business earned $3.27 EPS.
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ConocoPhillips announced a quarterly dividend on Thursday, May 4th. Stockholders of record on Tuesday, May 16th will be paid a dividend of $0.51 per share on Thursday, June 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Monday, June 26th.
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), First Trust Nasdaq Oil & Gas ETF (FTXN), PGIM Jennison Focused Value ETF (PJFV), Fidelity MSCI Energy Index ETF (FENY), iShares U.S. Energy ETF (IYE), Vanguard Energy ETF (VDE), Strive U.S. Energy ETF (DRLL) 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 2.01%. 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 16.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COP will have a dividend payout ratio of 17.88% 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 investors include State Street Corp (4.84%), Wellington Management Group LLP (3.70%), FMR LLC (2.17%), Geode Capital Management LLC (1.85%), Dodge & Cox (1.16%) and Price T Rowe Associates Inc. MD (1.11%). Insiders that own company stock include Andrew D Lundquist, Caroline Maury Devine, 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 $101.85.

ConocoPhillips (NYSE:COP) has a market capitalization of $123.24 billion and generates $82.16 billion in revenue each year. The energy producer earns $18.68 billion in net income (profit) each year or $12.50 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.