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 shares have increased by 16.8% and is now trading at $38.02.
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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.
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ConocoPhillips (NYSE:COP) posted its earnings results on Thursday, July, 30th. The energy producer reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.58) by $0.34. The energy producer had revenue of $4.02 billion for the quarter, compared to analysts' expectations of $4.19 billion. ConocoPhillips had a net margin of 8.49% and a return on equity of 3.72%. During the same period last year, the business posted $1.01 EPS.
View ConocoPhillips' earnings history.

ConocoPhillips announced a quarterly dividend on Wednesday, July 8th. Shareholders 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 dividend yield of 4.42%. The ex-dividend date is Friday, July 17th.
View ConocoPhillips' dividend history.

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

23 equities research analysts have issued twelve-month target prices 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 twelve months. This suggests a possible upside of 46.6% from the stock's current price.
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News articles about COP stock have been trending neutral this week, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. ConocoPhillips earned a daily sentiment score of 0.2 on InfoTrie's scale. They also assigned headlines about the energy producer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about ConocoPhillips.

ConocoPhillips saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 9,660,000 shares, a decrease of 14.1% from the June 30th total of 11,240,000 shares. Based on an average trading volume of 7,500,000 shares, the short-interest ratio is presently 1.3 days. Approximately 0.9% of the company's stock are short sold.
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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 Exxon Mobil (XOM), AT&T (T), Intel (INTC), Chevron (CVX), Verizon Communications (VZ), Cisco Systems (CSCO), Walt Disney (DIS), Bank of America (BAC), Johnson & Johnson (JNJ) and General Electric (GE).

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 Bessemer Group Inc. (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), Swiss National Bank (0.40%), LSV Asset Management (0.26%), Schafer Cullen Capital Management Inc (0.18%) and DekaBank Deutsche Girozentrale (0.18%). 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 Assenagon Asset Management S.A., Schafer Cullen Capital Management Inc, Russell Investments Group Ltd., LSV Asset Management, Banco Santander S.A., SG Americas Securities LLC, Manning & Napier Group LLC, and Caymus Capital Partners L.P.. 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 purchased by a variety of institutional investors in the last quarter, including Atalanta Sosnoff Capital LLC, Bessemer Group Inc., First Trust Advisors LP, United Asset Strategies Inc., Envestnet Asset Management Inc., Principal Financial Group Inc., Venturi Wealth Management LLC, and Retirement Systems of Alabama.
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 $38.02.

ConocoPhillips has a market capitalization of $40.77 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]