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Top-Rated Dividend StocksTop-Rated Dividend
NYSE:COP

ConocoPhillips (COP) Stock Price, News & Analysis

$116.07
-0.43 (-0.37%)
(As of 12/29/2023 ET)
Compare
Today's Range
$115.81
▼
$117.55
50-Day Range
$110.52
▼
$121.99
52-Week Range
$91.53
▼
$127.35
Volume
3.64 million shs
Average Volume
6.95 million shs
Market Capitalization
$137.82 billion
P/E Ratio
12.69
Dividend Yield
2.00%
Price Target
$135.45
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

ConocoPhillips MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
16.7% Upside
$135.45 Price Target
Short Interest
Healthy
0.94% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-9.27
Upright™ Environmental Score
News Sentiment
0.37mentions of ConocoPhillips in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$5.04 M Sold Last Quarter
Proj. Earnings Growth
27.70%
From $9.06 to $11.57 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.95 out of 5 stars

Oils/Energy Sector

27th out of 233 stocks

Petroleum Refining Industry

3rd out of 17 stocks

See Top Rated MarketRank™ Stocks Here

COP stock logo

About ConocoPhillips Stock (NYSE:COP)

ConocoPhillips is a US-based muti-national energy company. ConocoPhillips is a diversified and integrated energy company with operations in all energy industry segments. In 2021, it was ranked the 8th largest petroleum company by market cap and was #156 on the Forbes Fortune 500 list. Regarding the global economy, it is the world’s 574th largest business, with operations in 13 countries. It is one of 5 remaining companies from Standard Oil’s split up and is the result of decades of mergers and acquisitions.

The company’s earliest origins are in 1875 with the birth of Continental Oil and Transportation Company, Conoco. The company grew quickly with the industrial revolution and the widening usage of Kerosene, among other petroleum products, for heating and lighting. By 1885 it had become part of the Standard Oil family of companies, a time in which it also saw explosive growth.

Assets related to the original Conoco were sold to oil exploration leader E.W. Marland and were later remerged following Standard’s demise. By 1929, the company was an independent and fully integrated energy company specializing in crude and derivative products. Phillips Petroleum Company was founded in 1917 as an oil exploration company that quickly expanded into diversified operations. The company hit the big times upon the discovery of natural gas in the Texas panhandle and it saw explosive growth in the war and post-war periods of the early and mid-20th century.

Today, ConocoPhillips explores for, develops and produces crude oil, natural gas, natural gas liquids and bitumen across a diversified portfolio of assets. The company also transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), natural gas liquids and their derivative products through a global network of distributors.

The company’s operations span the conventional and tight oil markets, including shale gas, heavy oil, oil sands and other petroleum-related businesses. As of late 2022, the company had more than 6.1 billion barrels of proven oil and oil-equivalent reserves and was producing 1.731 million barrels of crude and equivalents per day. Roughly 50% of operations are centered in the crude oil market while less than 40% are natural gas, with the remainder made up of LNG and bitumen (asphalt).

The company's portfolio includes conventional, unconventional plays in North America, Europe, Asia and Australia. Assets are primarily located in Alaska (about 33% of US production), Eagle Ford, the Permian Basin, the Bakken, the Gulf of Mexico and the Anadarko Basin. Revenue topped $45.8 billion in 2021 and the company employs about 9,900 worldwide. Exploratory operations are underway in Columbia and Chile where the opportunity for both scale and flexibility is present.

ConocoPhillips was the first major oil company to adopt the Paris Climate Accord and pledge to achieve net-zero scope 1 and scope 2 emissions by 2050. Areas of focus include increasing operational efficiencies, supporting the reduction of end-use pollutants and advancing low-carbon alternatives, including hydrogen production and fuel cells.

 

COP Stock Price History

COP Stock News Headlines

December 7, 2023 | marketbeat.com
Diamondback Energy: 7x earnings is an energy diamond in the rough (COP)
Considering Diamondback’s top-notch assets and below-average cost profile, this energy stock arguably deserves a premium valuation.
December 31, 2023 | ca.finance.yahoo.com
COP240105C00132000 (COP240105C00132000) Interactive Stock Chart - Yahoo Finance
December 31, 2023 | MarketBeat Internal (Ad)
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December 31, 2023 | seekingalpha.com
ConocoPhillips Deserves Its Higher Share Price
December 31, 2023 | americanbankingnews.com
ConocoPhillips (NYSE:COP) PT Lowered to $140.00
December 30, 2023 | americanbankingnews.com
Zacks Research Equities Analysts Cut Earnings Estimates for ConocoPhillips (NYSE:COP)
December 29, 2023 | finance.yahoo.com
ConocoPhillips (COP) Sees a More Significant Dip Than Broader Market: Some Facts to Know
December 29, 2023 | finance.yahoo.com
Oil Prices Headed for 10% Drop in 2023. What’s Next for the Energy Market.
December 31, 2023 | MarketBeat Internal (Ad)
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Click the link below to claim your $300.00 account credit toward MarketBeat All Access. Pay just $99.00 for your 2024 MarketBeat All Access subscription (normally $399.00)
December 29, 2023 | markets.businessinsider.com
What 8 Analyst Ratings Have To Say About ConocoPhillips
December 26, 2023 | bizjournals.com
ConocoPhillips greenlights Alaska Willow project after years of permitting struggles
December 26, 2023 | benzinga.com
ConocoPhillips' Willow Project: Green Light for Alaskan Energy Boost Amid Controversy
December 25, 2023 | finance.yahoo.com
ConocoPhillips makes final investment decision to construct Willow oil project in Alaska's Arctic
December 23, 2023 | msn.com
ConocoPhillips announces official go-ahead for Willow oil project
December 23, 2023 | news.yahoo.com
New 'hush rooms' debut at Bartlesville library to provide private space
December 23, 2023 | finance.yahoo.com
Investors in ConocoPhillips (NYSE:COP) have seen impressive returns of 235% over the past three years
December 23, 2023 | ca.finance.yahoo.com
COP Dec 2023 110.000 put
December 23, 2023 | finance.yahoo.com
ConocoPhillips (COP) Surpasses Market Returns: Some Facts Worth Knowing
December 22, 2023 | reuters.com
ConocoPhillips to move forward with development of $8 bln Willow project
December 22, 2023 | finance.yahoo.com
ConocoPhillips Makes Final Investment Decision to Develop the Willow Project
December 22, 2023 | msn.com
ConocoPhillips to Move Forward With Development of $8 Billion Willow Project
December 22, 2023 | finance.yahoo.com
ConocoPhillips to move forward with development of Willow project in Alaska
December 21, 2023 | ca.finance.yahoo.com
COP Dec 2023 90.000 call
December 21, 2023 | ca.finance.yahoo.com
COP Dec 2023 103.000 put
December 21, 2023 | markets.businessinsider.com
ConocoPhillips (NYSE:COP) is Hedge Fund Expert’s Top Energy Pick
December 21, 2023 | seekingalpha.com
ConocoPhillips: A Top Dividend Growth Bet For 2024 (Rating Upgrade)
December 21, 2023 | finance.yahoo.com
ConocoPhillips (COP) Ascends But Remains Behind Market: Some Facts to Note
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Ex-Dividend for 12/1 Dividend
11/13/2023
Dividend Payable
12/01/2023
Today
12/31/2023
Fiscal Year End
12/31/2023
Next Earnings (Confirmed)
2/08/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Petroleum refining
Sub-Industry
Oil & Gas Exploration & Production
Sector
Oils/Energy
Current Symbol
NYSE:COP
CUSIP
20825C10
CIK
1163165
Web
www.conocophillips.com
Phone
(281) 293-1000
Fax
281-293-1440
Employees
9,500
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$135.45
High Stock Price Target
$160.00
Low Stock Price Target
$102.00
Potential Upside/Downside
+16.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
22 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$9.15
Trailing P/E Ratio
12.69
Forward P/E Ratio
12.81
P/E Growth
0.7
Net Income
$18.68 billion
Net Margins
17.91%
Pretax Margin
27.60%
Return on Equity
23.30%
Return on Assets
12.08%

Debt

Debt-to-Equity Ratio
0.38
Current Ratio
1.66
Quick Ratio
1.53

Sales & Book Value

Annual Sales
$82.16 billion
Price / Sales
1.68
Cash Flow
$20.15 per share
Price / Cash Flow
5.76
Book Value
$38.52 per share
Price / Book
3.01

Miscellaneous

Outstanding Shares
1,187,410,000
Free Float
1,183,015,000
Market Cap
$137.82 billion
Optionable
Optionable
Beta
1.22

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COP Stock Analysis - Frequently Asked Questions

Should I buy or sell ConocoPhillips stock right now?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last year. There are currently 6 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" COP shares.
View COP analyst ratings or view top-rated stocks.

What is ConocoPhillips' stock price target for 2024?

22 equities research analysts have issued 1 year price targets for ConocoPhillips' stock. Their COP share price targets range from $102.00 to $160.00. On average, they anticipate the company's stock price to reach $135.45 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
View analysts price targets for COP or view top-rated stocks among Wall Street analysts.

How have COP shares performed in 2023?

ConocoPhillips' stock was trading at $118.00 at the start of the year. Since then, COP stock has decreased by 1.6% and is now trading at $116.07.
View the best growth stocks for 2023 here.

Are investors shorting ConocoPhillips?

ConocoPhillips saw a increase in short interest in the month of December. As of December 15th, there was short interest totaling 11,220,000 shares, an increase of 6.0% from the November 30th total of 10,580,000 shares. Based on an average daily trading volume, of 5,880,000 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.9% of the company's stock are sold short.
View ConocoPhillips' Short Interest.

When is ConocoPhillips' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our COP earnings forecast.

How can I listen to ConocoPhillips' earnings call?

ConocoPhillips will be holding an earnings conference call on Thursday, February 8th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were ConocoPhillips' earnings last quarter?

ConocoPhillips (NYSE:COP) released its earnings results on Thursday, November, 2nd. The energy producer reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.12. The energy producer had revenue of $14.87 billion for the quarter, compared to the consensus estimate of $15.32 billion. ConocoPhillips had a trailing twelve-month return on equity of 23.30% and a net margin of 17.91%.

How often does ConocoPhillips pay dividends? What is the dividend yield for ConocoPhillips?

ConocoPhillips announced a quarterly dividend on Thursday, November 2nd. Stockholders of record on Tuesday, November 14th will be given a dividend of $0.58 per share on Friday, December 1st. This represents a $2.32 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, November 13th. This is a boost from the stock's previous quarterly dividend of $0.51.
Read our dividend analysis for COP.

Is ConocoPhillips a good dividend stock?

ConocoPhillips (NYSE:COP) pays an annual dividend of $2.32 per share and currently has a dividend yield of 2.00%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 25.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COP will have a dividend payout ratio of 20.05% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for COP.

What ETFs hold ConocoPhillips' stock?

ETFs with the largest weight of ConocoPhillips (NYSE:COP) stock in their portfolio include iShares U.S. Oil & Gas Exploration & Production ETF (IEO), First Trust Nasdaq Oil & Gas ETF (FTXN), iShares U.S. Energy ETF (IYE), Strive U.S. Energy ETF (DRLL), Fidelity MSCI Energy Index ETF (FENY), Vanguard Energy ETF (VDE), PGIM Jennison Focused Value ETF (PJFV) and Pacer US Cash Cows Growth ETF (BUL).

What is Ryan M. Lance's approval rating as ConocoPhillips' CEO?

417 employees have rated ConocoPhillips Chief Executive Officer Ryan M. Lance on Glassdoor.com. Ryan M. Lance has an approval rating of 88% among the company's employees.

What other stocks do shareholders of ConocoPhillips own?

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), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Verizon Communications (VZ), AbbVie (ABBV), Pfizer (PFE) and Bank of America (BAC).

How do I buy shares of ConocoPhillips?

Shares of COP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does ConocoPhillips have any subsidiaries?
The following companies are subsidiares of ConocoPhillips: Ashford Energy Capital Limited, BROG LP LLC, Burlington Resources International Inc., Burlington Resources LLC, Burlington Resources Offshore Inc., Burlington Resources Oil & Gas Company LP, Burlington Resources Trading LLC, Concho Resources, Conoco Development Services Inc., Conoco Funding Company, Conoco Petroleum Operations Inc., ConocoPhillips (03-12) Pty Ltd, ConocoPhillips (Browse Basin) Pty Ltd, ConocoPhillips (Grissik) Ltd., ConocoPhillips (U.K.) Holdings Limited, ConocoPhillips (U.K.) Marketing and Trading Limited, ConocoPhillips ANS Marketing Company, ConocoPhillips Alaska II Inc., ConocoPhillips Alaska Inc., ConocoPhillips Angola 36 Ltd., ConocoPhillips Angola 37 Ltd., ConocoPhillips Asia Ventures Pte. Ltd., ConocoPhillips Australia Barossa Pty Ltd, ConocoPhillips Australia Gas Holdings Pty Ltd, ConocoPhillips Australia Holdings Pty Ltd, ConocoPhillips Australia Investments Pty Ltd, ConocoPhillips Australia Pacific LNG Pty Ltd, ConocoPhillips Australia Pty Ltd, ConocoPhillips Bohai Limited, ConocoPhillips Canada (BRC) Partnership, ConocoPhillips Canada (NS) 2426 ULC, ConocoPhillips Canada Marketing & Trading ULC, ConocoPhillips Canada NS Partnership, ConocoPhillips Canada Resources Corp., ConocoPhillips China Inc., ConocoPhillips Colombia Ventures Ltd., ConocoPhillips Company, ConocoPhillips Funding Ltd., ConocoPhillips Gulf of Paria B.V., ConocoPhillips Hamaca B.V., ConocoPhillips Indonesia Holding Ltd., ConocoPhillips JPDA Pty Ltd, ConocoPhillips Libya Waha Ltd., ConocoPhillips Marine Containment Holdings LLC, ConocoPhillips Norge, ConocoPhillips North Caspian Ltd., ConocoPhillips Norway Funding Ltd., ConocoPhillips Petroleum Holdings B.V., ConocoPhillips Pipeline Australia Pty Ltd, ConocoPhillips Qatar Funding Ltd., ConocoPhillips Qatar Ltd., ConocoPhillips Sabah Gas Holdings Limited, ConocoPhillips Sabah Gas Ltd., ConocoPhillips Sabah Holdings Limited, ConocoPhillips Sabah Ltd., ConocoPhillips Skandinavia AS, ConocoPhillips Surmont Partnership, ConocoPhillips Transportation Alaska Inc., ConocoPhillips WA-248 Pty Ltd, Darwin LNG Pty Ltd, Inexco Oil Company, Phillips Coal Company, Phillips International Investments Inc., Phillips Investment Company LLC, Phillips Petroleum International Corporation LLC, Phillips Petroleum International Investment Company LLC, Polar Tankers Inc., Sooner Insurance Company, The Louisiana Land and Exploration Company LLC, and Tosco Corporation.
Read More
This page (NYSE:COP) was last updated on 12/31/2023 by MarketBeat.com Staff

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