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Friday, September 29, 2023

There’s No Need To Panic Or Freeze When It Comes To ConocoPhillips (NYSE: COP)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for ConocoPhillips (COP) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $123.08. The ConocoPhillips has recorded 70,313 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that ConocoPhillips Reports Second-Quarter 2023 Results; Raises Full-Year Production Guidance and Declares Quarterly Dividend and Variable Return of Cash Distribution.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $123.08 and fluctuated between $123.44 as its day high and $121.20 as its day low. The current market capitalization of ConocoPhillips is $146.17B. A total of 4.49 million shares were traded on the day, compared to an average of 4.80M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, COP has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 33 BUYs and 44 SELLs from insiders. Insiders purchased 729,295 shares during that period but sold 691,862.

In the most recent transaction, Lance Ryan Michael sold 569,400 shares of COP for 122.14 per share on Sep 01. After the transaction, the Chairman and CEO now owns 18,187 company shares. In a previous transaction on May 08, DEVINE CAROLINE MAURY sold 1,000 shares at 102.08 per share. COP shares that Director owns now total 849.

Among the insiders who bought shares, WALKER R A acquired of 4,800 shares on Feb 22 at a per-share price of $103.00. This resulted in the Director holding 27,600 shares of COP after the transaction. In another insider transaction, WALKER R A bought 1,200 shares at $103.00 per share on Feb 22. Company shares held by the Director now total 6,900.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. ConocoPhillips pays an annual dividend of $4.54, resulting in a dividend yield of 3.69%, and it has a price to earnings (P/E) ratio of 11.84. COP’s most recent ex-dividend date was 9/27/2023 when it declared a $0.51 quarterly dividend that was paid in cash on 9/1/2023. Previously, the company paid the dividend on 6/1/2023 with an ex-dividend date of 6/26/2023. The COP stock dividend was $0.51 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for COP in the last 3 months, the mean price target is $133.65 with high estimates of $153.00 and low estimates of $107.00. In terms of 52-week highs and lows, COP has a high of $135.97 and a low of $90.43.

As of this writing, COP has an earnings estimate of $Copper Dec 23 per share for the current quarter. EPS was calculated based on a consensus of ConocoPhillips estimates, with a high estimate of $COP/USD per share and a lower estimate of $Micro Copper Futures,Dec-2023.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. COP’s latest balance sheet shows that the firm has $6.59B in Cash & Short Term Investments as of fiscal 2021. There were $19.93B in debt and $12.02B in liabilities at the time. Its Book Value Per Share was $39.37, while its Total Shareholder’s Equity was $45.41B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for COP is Buy with a score of 4.32.

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