During the recent session, Conoco Phillips (NYSE:COP)’s traded shares were 2.46 million, with the beta value of the company hitting 1.21. At the last check today, the stock’s price was $107.94, reflecting an intraday gain of 4.82% or $4.96. The 52-week high for the COP share is $134.71, that puts it down -24.8 from that peak though still a striking 6.16% gain since the share price plummeted to a 52-week low of $101.29. The company’s market capitalization is $125.35B, and the average intraday trading volume over the past 10 days was 4.5 million shares, and the average trade volume was 6.46 million shares over the past three months.
Conoco Phillips (COP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.63. COP has a Sell rating from 0 analyst(s) out of 15 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 12 recommend a Buy rating for it.
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Conoco Phillips (NYSE:COP) trade information
Conoco Phillips (COP) registered a 4.82% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.82% in intraday trading to $107.94, hitting a weekly high. The stock’s 5-day price performance is 3.43%, and it has moved by -2.19% in 30 days. Based on these gigs, the overall price performance for the year is -8.66%. The short interest in Conoco Phillips (NYSE:COP) is 22.81 million shares and it means that shorts have 2.81 day(s) to cover.
The consensus price target of analysts on Wall Street is $129, which implies an increase of 16.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $70 and $166 respectively. As a result, COP is trading at a discount of -53.79% off the target high and 35.15% off the low.
Conoco Phillips (COP) estimates and forecasts
Statistics show that Conoco Phillips has underperformed its competitors in share price, compared to the industry in which it operates. Conoco Phillips (COP) shares have gone down -11.40% during the last six months, with a year-to-date growth rate less than the industry average at -11.52% against -7.60.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 11.22%. While earnings are projected to return -12.46% in 2024, the next five years will return 4.50% per annum.
COP Dividends
Conoco Phillips is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Conoco Phillips is 2.72, with the dividend yield indicating at 2.52 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.64%.
Conoco Phillips (NYSE:COP)’s Major holders
Conoco Phillips insiders own 0.10% of total outstanding shares while institutional holders control 83.64%, with the float percentage being 83.72%. VANGUARD GROUP INC is the largest shareholder of the company, while 2820.0 institutions own stock in it. As of 2024-06-30, the company held over 108.92 million shares (or 9.2468% of all shares), a total value of $12.46 billion in shares.
The next largest institutional holding, with 96.95 million shares, is of BLACKROCK INC.’s that is approximately 8.2308% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $11.09 billion.
