Should I buy or sell ConocoPhillips stock right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last year. There are currently 5 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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?

18 Wall Street analysts have issued twelve-month price objectives for ConocoPhillips' shares. Their COP share price targets range from $105.00 to $160.00. On average, they predict the company's stock price to reach $134.33 in the next year. This suggests a possible upside of 20.8% 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 2024?

ConocoPhillips' stock was trading at $116.07 at the beginning of 2024. Since then, COP shares have decreased by 4.2% and is now trading at $111.16. View the best growth stocks for 2024 here .

Are investors shorting ConocoPhillips?

ConocoPhillips saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 13,040,000 shares, an increase of 16.2% from the December 15th total of 11,220,000 shares. Based on an average trading volume of 5,870,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.1% of the shares of the company are short sold. View ConocoPhillips' Short Interest .

When is ConocoPhillips' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our COP earnings forecast .

How were ConocoPhillips' earnings last quarter?

ConocoPhillips (NYSE:COP) posted its quarterly earnings results on Thursday, February, 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.32. The energy producer earned $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a trailing twelve-month return on equity of 22.08% and a net margin of 18.71%. During the same quarter last year, the company earned $2.71 EPS. Read the conference call transcript .

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

ConocoPhillips announced a quarterly dividend on Thursday, February 8th. Shareholders of record on Monday, February 19th will be paid a dividend of $0.78 per share on Friday, March 1st. This represents a $3.12 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Thursday, February 15th. This is an increase from the stock's previous quarterly dividend of $0.58. 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 2.09%. 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 25.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COP will have a dividend payout ratio of 23.02% 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) .

Who are ConocoPhillips' major shareholders?

ConocoPhillips' stock is owned by a variety of institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (2.33%), Dimensional Fund Advisors LP (1.01%), Fisher Asset Management LLC (0.63%), Charles Schwab Investment Management Inc. (0.56%), Alphinity Investment Management Pty Ltd (0.39%) and Boston Partners (0.34%). Insiders that own company stock include Andrew D Lundquist , Caroline Maury Devine , Dominic E Macklon , Ellen Desanctis , Heather G Sirdashney , Jody Freeman , Nicholas G Olds, Nicholas G Olds , R A Walker , Ryan Michael Lance , Sharmila Mulligan , Timothy A Leach and Welsh Kontessa S Haynes. View institutional ownership trends .

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

Top-Rated Dividend StocksTop-Rated Dividend

NYSE:COP

ConocoPhillips (COP) Stock Price, News & Analysis

$111.16

-2.74 (-2.41%)

(As of 02/9/2024 08:56 PM ET)

Compare

Today's Range: $111.02
▼
$114.30
50-Day Range: $106.93
▼
$119.93
52-Week Range: $91.53
▼
$127.35

Volume: 5.97 million shs
Average Volume: 5.37 million shs
Market Capitalization: $131.99 billion

P/E Ratio: 12.27
Dividend Yield: 2.09%
Price Target: $134.33

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ConocoPhillips MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.78 Rating Score
Upside/Downside: 20.8% Upside
$134.33 Price Target
Short Interest: Healthy
1.08% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -9.27
Upright™ Environmental Score
News Sentiment: 0.65
Based on 55 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.67%
From $9.45 to $10.08 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.85 out of 5 stars

Oils/Energy Sector

19th out of 231 stocks

Petroleum Refining Industry

3rd out of 17 stocks

3.4

Analyst's Opinion

Consensus Rating
ConocoPhillips has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 12 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $134.33, ConocoPhillips has a forecasted upside of 20.8% from its current price of $111.16.
Amount of Analyst Coverage
ConocoPhillips has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.08% of the float of ConocoPhillips has been sold short.
Short Interest Ratio / Days to Cover
ConocoPhillips has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ConocoPhillips has recently decreased by 1.53%, indicating that investor sentiment is improving.

3.3

Dividend Strength

Dividend Yield
ConocoPhillips pays a meaningful dividend of 2.09%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
ConocoPhillips has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of ConocoPhillips is 25.61%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, ConocoPhillips will have a dividend payout ratio of 23.02% next year. This indicates that ConocoPhillips will be able to sustain or increase its dividend.

0.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ConocoPhillips has received a -157.67% net impact score from Upright. The largest negative impact of ConocoPhillips in category "GHG emissions" seems to be driven mostly by its "Refined natural gas", "Crude oil", and "Crude natural gas" products. See details.
Environmental Sustainability
The Environmental Impact score for ConocoPhillips is -9.27.

3.1

News and Social Media Coverage

News Sentiment
ConocoPhillips has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 55 news articles for ConocoPhillips this week, compared to 13 articles on an average week.
Search Interest
72 people have searched for COP on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days.
MarketBeat Follows
40 people have added ConocoPhillips to their MarketBeat watchlist in the last 30 days. This is an increase of 48% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ConocoPhillips insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.37% of the stock of ConocoPhillips is held by insiders.
Percentage Held by Institutions
80.36% of the stock of ConocoPhillips is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for ConocoPhillips are expected to grow by 6.67% in the coming year, from $9.45 to $10.08 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ConocoPhillips is 12.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of ConocoPhillips is 12.27, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 14.42.
Price to Earnings Growth Ratio
ConocoPhillips has a PEG Ratio of 0.65. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
ConocoPhillips has a P/B Ratio of 2.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

COP Stock News Headlines

February 9, 2024 | marketbeat.com

S&P 500 rockets to new highs as earnings beat estimates (COP)

The S&P 500 hits new highs as 10 of the 11 S&P sectors report positive Q4 earnings surprises. The tech and energy sectors are among the earnings leaders.

January 29, 2024 | marketbeat.com

Hess stock to see 96% growth in EPS (COP)

Hess stock could be the biggest winner in the United Staes oil industry, the macro certainly supports it, analysts and markets are all over it too

February 12, 2024 | Behind the Markets (Ad)

[BREAKING] New "Living Missile" to Replace Nuclear Missiles

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

February 12, 2024 | americanbankingnews.com

Scotiabank Raises ConocoPhillips (NYSE:COP) Price Target to $120.00

February 11, 2024 | finance.yahoo.com

ConocoPhillips (NYSE:COP) Is Increasing Its Dividend To $0.78

February 9, 2024 | markets.businessinsider.com

Decoding 8 Analyst Evaluations For ConocoPhillips

February 9, 2024 | bizjournals.com

ConocoPhillips plans billions in shareholders returns in 2024, foresees strong LNG market

February 9, 2024 | oilprice.com

ConocoPhillips Bids for Pieces of Citgo With Claims, Not Cash

February 12, 2024 | Stansberry Research (Ad)

Critical asset just had biggest fall on record

What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."