ConocoPhillips Stock Forecast, Price & News

ConocoPhillips' stock was trading at $32.56 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, COP stock has increased by 4.9% and is now trading at $34.17.
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22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last year. There are currently 4 hold ratings, 17 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 Thursday, October 29th 2020.
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ConocoPhillips will be holding an earnings conference call on Thursday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

ConocoPhillips (NYSE:COP) issued its quarterly earnings results on Thursday, July, 30th. The energy producer reported ($0.92) earnings per share for the quarter, missing analysts' consensus estimates 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 last year, the firm posted $1.01 EPS.
View ConocoPhillips' earnings history.

ConocoPhillips declared a quarterly dividend on Wednesday, July 8th. Stockholders 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 yield of 4.92%. The ex-dividend date of this dividend is Friday, July 17th.
View ConocoPhillips' dividend history.

ConocoPhillips declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 4th 2020, which authorizes the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 15.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.

22 Wall Street analysts have issued twelve-month price targets for ConocoPhillips' shares. Their forecasts range from $45.00 to $75.00. On average, they anticipate ConocoPhillips' share price to reach $55.00 in the next year. This suggests a possible upside of 61.0% from the stock's current price.
View analysts' price targets for ConocoPhillips.

ConocoPhillips saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 10,500,000 shares, an increase of 8.7% from the July 15th total of 9,660,000 shares. Based on an average daily trading volume, of 7,000,000 shares, the short-interest ratio is currently 1.5 days. Currently, 1.0% 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), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Apache (APA), Noble Energy (NBL), EQT (EQT), Marathon Oil (MRO), Devon Energy (DVN), WPX Energy (WPX), Cimarex Energy (XEC), Range Resources (RRC) and Whiting Petroleum (WLL).
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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), AbbVie (ABBV), Verizon Communications (VZ), Cisco Systems (CSCO), Johnson & Johnson (JNJ), 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.55%), BlackRock Inc. (8.04%), Macquarie Group Ltd. (1.51%), Bank of New York Mellon Corp (1.10%), FMR LLC (0.96%) and Nuveen Asset Management LLC (0.82%). 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 FMR LLC, Assenagon Asset Management S.A., Schafer Cullen Capital Management Inc, Jacobs Levy Equity Management Inc., MUFG Securities EMEA plc, HITE Hedge Asset Management LLC, Arosa Capital Management LP, and Prudential Financial Inc.. 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 acquired by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Macquarie Group Ltd., Bank of Montreal Can, AJO LP, AMF Pensionsforsakring AB, Atalanta Sosnoff Capital LLC, Bessemer Group Inc., and Man Group plc.
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 $34.17.

ConocoPhillips has a market capitalization of $36.64 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]