NYSE:COPConocoPhillips Stock Price, Forecast & News

ConocoPhillips' stock was trading at $32.56 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, COP shares have increased by 17.6% and is now trading at $38.30.
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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) EPS for the quarter, missing the Zacks' consensus estimate of ($0.58) by $0.34. The energy producer had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.19 billion. ConocoPhillips had a return on equity of 3.72% and a net margin of 8.49%. During the same period in the previous year, the business posted $1.01 earnings per share.
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 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Friday, July 17th.
View ConocoPhillips' dividend history.

ConocoPhillips announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 4th 2020, which permits the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 15.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its shares are undervalued.

23 Wall Street analysts have issued twelve-month price targets for ConocoPhillips' shares. Their forecasts range from $40.00 to $79.00. On average, they expect ConocoPhillips' share price to reach $55.74 in the next year. This suggests a possible upside of 45.5% from the stock's current price.
View analysts' price targets for ConocoPhillips.

Headlines about COP stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. ConocoPhillips earned a coverage optimism score of -3.4 on InfoTrie's scale. They also assigned press coverage 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 stock's share price in the next few days.
View the latest news about ConocoPhillips.

ConocoPhillips saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 9,660,000 shares, a decrease of 14.1% from the July 15th total of 11,240,000 shares. Based on an average daily trading volume, of 7,500,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.9% of the company's shares 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), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Apache (APA), Noble Energy (NBL), Devon Energy (DVN), Marathon Oil (MRO), EQT (EQT), WPX Energy (WPX), Cimarex Energy (XEC), Range Resources (RRC) and PDC Energy (PDCE).
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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 variety of retail and institutional investors. Top institutional shareholders include Fisher Asset Management LLC (0.45%), Bessemer Group Inc. (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.41%), Swiss National Bank (0.40%), LSV Asset Management (0.26%) and PNC Financial Services Group Inc. (0.24%). 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 Jennison Associates LLC, Atalanta Sosnoff Capital LLC, Bessemer Group Inc., First Trust Advisors LP, United Asset Strategies Inc., Fisher Asset Management LLC, Envestnet Asset Management Inc., and Rafferty Asset Management 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 $38.30.

ConocoPhillips has a market capitalization of $41.07 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]