Conoco Phillips (NYSE:COP)’s traded shares stood at 3.82 million during the last session, with the company’s beta value hitting 1.21. At the close of trading, the stock’s price was $104.56, to imply an increase of 0.18% or $0.19 in intraday trading. The COP share’s 52-week high remains $134.71, putting it -28.84% down since that peak but still an impressive 3.13% since price per share fell to its 52-week low of $101.29. The company has a valuation of $121.42B, with an average of 4.96 million shares in intraday trading volume over the past 10 days and average of 6.56 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Conoco Phillips (COP), translating to a mean rating of 1.63. Of 15 analyst(s) looking at the stock, 0 analyst(s) give COP a Sell rating. 1 of those analysts rate the stock as Overweight while 2 advise Hold as 12 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.64.
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Conoco Phillips (NYSE:COP) trade information
After registering a 0.18% upside in the last session, Conoco Phillips (COP) has traded red over the past five days. The 5-day price performance for the stock is -1.05%, and 2.20% over 30 days. With these gigs, the year-to-date price performance is -9.44%. Short interest in Conoco Phillips (NYSE:COP) saw shorts transact 21.27 million shares and set a 2.61 days time to cover.
The extremes give us $70 and $166 for target low and target high price respectively. As such, COP has been trading -58.76% off suggested target high and 33.05% from its likely low.
Conoco Phillips (COP) estimates and forecasts
Looking at statistics comparing Conoco Phillips share performance against respective industry, we note that the company has underperformed competitors. Conoco Phillips (COP) shares are -19.44% down over the last 6 months, with its year-to-date growth rate lower than industry average at -9.81% against -7.40%. Revenue is forecast to shrink -24.10% this quarter before falling -23.70% for the next one. The rating firms project that company’s revenue will shrink -1.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 14.02B. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 14.25B.Earnings reports from the last fiscal year show that sales brought in 14.87B and 15.31B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -5.70% before dropping -6.90% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 11.22% for the past 5-year period. While 2024 is set for a -12.48% return in earnings, projections for the next 5 years are at 7.00% annually.
COP Dividends
Conoco Phillips has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Conoco Phillips has a forward dividend ratio of 2.72, with the share yield ticking at 2.60% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.64%.
Conoco Phillips (NYSE:COP)’s Major holders
Conoco Phillips insiders hold 0.10% of total outstanding shares, with institutional holders owning 83.66% of the shares at 83.74% float percentage. In total, 83.66% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 108.92 million shares (or 9.2468% of shares), all amounting to roughly $12.46 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 96.95 million shares, or about 8.2308% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $11.09 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the Conoco Phillips (COP) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 36.94 shares. This is just over 3.18% of the total shares, with a market valuation of $3.86 billion. Data from the same date shows that the other fund manager holds a little less at 30.02, or 2.58% of the shares, all valued at about 3.14 billion.
