ConocoPhillips Stock Forecast, Price & News

ConocoPhillips' stock was trading at $32.56 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, COP stock has increased by 31.4% and is now trading at $42.78.
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.

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

ConocoPhillips (NYSE:COP) announced its quarterly earnings results on Thursday, October, 29th. The energy producer reported ($0.31) EPS for the quarter, missing the Zacks' consensus estimate of ($0.30) by $0.01. The energy producer had revenue of $4.38 billion for the quarter, compared to analysts' expectations 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 firm earned $0.82 EPS.
View ConocoPhillips' earnings history.

ConocoPhillips declared a quarterly dividend on Friday, October 9th. Investors of record on Monday, October 19th will be given a dividend of $0.43 per share on Tuesday, December 1st. This represents a $1.72 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Friday, October 16th. This is a boost from ConocoPhillips's previous quarterly dividend of $0.42.
View ConocoPhillips' dividend history.

ConocoPhillips declared that its board has authorized a share repurchase program on Tuesday, February 4th 2020, which permits the company to buyback $10,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 15.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

23 analysts have issued 12 month target prices for ConocoPhillips' shares. Their forecasts range from $43.00 to $75.00. On average, they expect ConocoPhillips' share price to reach $52.86 in the next twelve months. This suggests a possible upside of 23.6% from the stock's current price.
View analysts' price targets for ConocoPhillips.

ConocoPhillips saw a increase in short interest during the month of October. As of October 30th, there was short interest totaling 25,830,000 shares, an increase of 114.4% from the October 15th total of 12,050,000 shares. Based on an average daily trading volume, of 9,460,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.4% of the company's 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), 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), 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), 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 retail and institutional investors. Top institutional investors 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 purchased 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 $42.78.

ConocoPhillips has a market capitalization of $45.89 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]