In the last trading session, 1.58 million Conoco Phillips (NYSE:COP) shares changed hands as the company’s beta touched 1.21. With the company’s per share price at $110.40 changed hands at $1.03 or 0.94% during last session, the market valuation stood at $128.20B. COP’s last price was a discount, traded about -22.02% off its 52-week high of $134.71. The share price had its 52-week low at $101.29, which suggests the last value was 8.25% up since then. When we look at Conoco Phillips’s average trading volume, we note the 10-day average is 10.11 million shares, with the 3-month average coming to 6.46 million.
Analysts gave the Conoco Phillips (COP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.63. If we narrow down to specifics, the data shows that 0 out of 15 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 2 recommended COP as a Hold, 12 felt it is a Buy and 0 rated the stock as Underweight. Conoco Phillips’s EPS for the current quarter is expected to be 1.95.
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Conoco Phillips (NYSE:COP) trade information
Instantly COP was in green as seen at the end of in last trading. With action 4.42%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -4.38%, with the 5-day performance at 4.42% in the green. However, in the 30-day time frame, Conoco Phillips (NYSE:COP) is 0.50% up. Looking at the short shares, we see there were 21.1 million shares sold at short interest cover period of 3.89 days.
The consensus price target for the stock as assigned by Wall Street analysts is 132, meaning bulls need an upside of 16.36% from its current market value. According to analyst projections, COP’s forecast low is 70 with 166 as the target high. To hit the forecast high, the stock’s price needs a -50.36% plunge from its current level, while the stock would need to tank 36.59% for it to hit the projected low.
Conoco Phillips (COP) estimates and forecasts
Data shows that the Conoco Phillips share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -15.84% over the past 6 months, a -8.44% in annual growth rate that is considerably lower than the industry average of -6.30%. Year-over-year growth is forecast to reach -0.80% down from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 14.51B. 11 analysts are of the opinion that Conoco Phillips’s revenue for the current quarter will be 14.65B. The company’s revenue for the corresponding quarters a year ago was 14.87B and 15.31B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.40%. The estimates for the next quarter sales put growth at -4.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.22%. The 2024 estimates are for Conoco Phillips earnings to decrease by -8.74%, but the outlook for the next 5-year period is at 5.20% per year.
COP Dividends
Conoco Phillips is expected to release its next quarterly earnings report on 2024-Oct-31. The 2.46% annual yield figure for the share gives it an annual dividend of 2.72. It is important to note, however, that the 2.46% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.64 per year.
Conoco Phillips (NYSE:COP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.10% of Conoco Phillips shares while 83.58% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.66%. There are 83.58% institutions holding the Conoco Phillips stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 9.2468% of the shares, roughly 108.92 million COP shares worth $12.46 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.2308% or 96.95 million shares worth $11.09 billion as of 2024-06-30.
