ConocoPhillips (NYSE:COP - Get Free Report) EVP Nicholas Olds sold 6,994 shares of the firm's stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $127.06, for a total value of $888,657.64. Following the sale, the executive vice president owned 5,395 shares in the company, valued at approximately $685,488.70. The trade was a 56.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
ConocoPhillips Stock Performance
ConocoPhillips stock opened at $127.16 on Tuesday. The firm has a market capitalization of $157.13 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 3.49 and a beta of 0.27. ConocoPhillips has a one year low of $79.88 and a one year high of $128.36. The stock's 50 day moving average price is $109.93 and its 200 day moving average price is $98.07. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.14 and a current ratio of 1.30.
ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.21). The firm had revenue of $13.86 billion during the quarter, compared to analyst estimates of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The firm's revenue was down 3.7% compared to the same quarter last year. During the same period last year, the business earned $1.98 EPS. As a group, sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.
ConocoPhillips Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 18th were issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, February 18th. ConocoPhillips's dividend payout ratio (DPR) is presently 53.00%.
Institutional Investors Weigh In On ConocoPhillips
Institutional investors have recently modified their holdings of the stock. Howard Hughes Medical Institute acquired a new position in ConocoPhillips in the second quarter worth about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in ConocoPhillips in the fourth quarter valued at about $25,000. Cloud Capital Management LLC acquired a new stake in ConocoPhillips during the third quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in ConocoPhillips during the third quarter valued at approximately $28,000. Finally, Board of the Pension Protection Fund bought a new position in ConocoPhillips during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 82.36% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on COP shares. Susquehanna upped their price objective on shares of ConocoPhillips from $115.00 to $121.00 and gave the company a "positive" rating in a research report on Friday, February 6th. JPMorgan Chase & Co. lifted their target price on ConocoPhillips from $98.00 to $103.00 and gave the stock a "neutral" rating in a research report on Friday, February 6th. Roth Mkm cut ConocoPhillips from a "buy" rating to a "neutral" rating and set a $112.00 price target on the stock. in a research note on Tuesday, February 17th. Zacks Research downgraded ConocoPhillips from a "hold" rating to a "strong sell" rating in a report on Friday, February 27th. Finally, Mizuho raised their price objective on ConocoPhillips from $121.00 to $136.00 and gave the company an "outperform" rating in a research note on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $120.38.
View Our Latest Research Report on COP
About ConocoPhillips
(
Get Free Report)
ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.
The company's activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.
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