ConocoPhillips - COP Stock Forecast, Price & News

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.

Analyst Ratings Changes

A number of equities research analysts have issued reports on COP shares. Societe Generale increased their price target on ConocoPhillips to $127.00 in a research note on Thursday, June 9th. Barclays boosted their target price on shares of ConocoPhillips from $132.00 to $142.00 and gave the company an "overweight" rating in a research report on Tuesday, June 14th. Piper Sandler cut their price objective on shares of ConocoPhillips from $148.00 to $123.00 and set an "overweight" rating for the company in a report on Tuesday, July 19th. StockNews.com cut shares of ConocoPhillips from a "buy" rating to a "hold" rating in a report on Friday, August 5th. Finally, Bank of America raised shares of ConocoPhillips from a "neutral" rating to a "buy" rating and cut their price objective for the company from $135.00 to $134.00 in a report on Tuesday, July 19th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $120.37.

ConocoPhillips Trading Up 4.6 %

NYSE:COP opened at $100.36 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.54 and a quick ratio of 1.44. The firm's fifty day moving average price is $95.81 and its 200 day moving average price is $97.49. The company has a market capitalization of $129.81 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 0.31 and a beta of 1.38. ConocoPhillips has a 12 month low of $51.41 and a 12 month high of $124.08.

ConocoPhillips (NYSE:COP - Get Rating) last posted its earnings results on Thursday, August 4th. The energy producer reported $3.91 EPS for the quarter, missing analysts' consensus estimates of $3.95 by ($0.04). ConocoPhillips had a net margin of 23.10% and a return on equity of 31.24%. During the same quarter in the previous year, the company earned $1.27 earnings per share. On average, sell-side analysts expect that ConocoPhillips will post 14.76 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Tuesday, August 16th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, August 15th. ConocoPhillips's dividend payout ratio (DPR) is 15.19%.

Insider Activity at ConocoPhillips

In related news, CEO Ryan Michael Lance sold 584,900 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $121.21, for a total transaction of $70,895,729.00. Following the completion of the sale, the chief executive officer now owns 44,522 shares in the company, valued at approximately $5,396,511.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Ryan Michael Lance sold 584,900 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $121.21, for a total transaction of $70,895,729.00. Following the completion of the sale, the chief executive officer now owns 44,522 shares in the company, valued at approximately $5,396,511.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Nicholas G. Olds sold 19,200 shares of the stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $110.51, for a total transaction of $2,121,792.00. The disclosure for this sale can be found here. Insiders have sold 644,703 shares of company stock valued at $77,172,426 in the last ninety days. Insiders own 0.08% of the company's stock.