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Sunday, December 3, 2023

There Is A Quest For Clarity Surrounding Conoco Phillips (NYSE: COP) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Conoco Phillips (COP) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.02%, to $122.00. The Conoco Phillips has recorded 306,491 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that ConocoPhillips Reports Third-Quarter 2023 Results; Announces 14% Increase in Quarterly Ordinary Dividend.

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Stocks Info

This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. At the end of the last regular session, the stock closed at $122.02 and fluctuated between $123.25 as its day high and $117.37 as its day low. The current market capitalization of Conoco Phillips is $146.12B. A total of 8.98 million shares were traded on the day, compared to an average of 4.78M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, COP has seen 1 BUY and 3 SELL insider trades, representing the acquisition of 569,400 and the disposition of 633,422 shares. Over the last 12 months, there were 32 BUYs and 45 SELLs from insiders. Insiders purchased 1,286,577 shares during that period but sold 1,313,837.

In the most recent transaction, LUNDQUIST ANDREW D sold 30,800 shares of COP for 123.83 per share on Sep 27. After the transaction, the Senior Vice President now owns 5,937 company shares. In a previous transaction on Sep 15, Mulligan Sharmila sold 1,849 shares at 125.19 per share. COP shares that Director owns now total 0.

Among the insiders who sold shares, Lance Ryan Michael disposed of 569,400 shares on Sep 01 at a per-share price of $122.14. This resulted in the Chairman and CEO holding 18,187 shares of COP after the transaction. In another insider transaction, DEVINE CAROLINE MAURY sold 1,000 shares at $102.08 per share on May 08. Company shares held by the Director now total 849.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Conoco Phillips pays an annual dividend of $3.44, resulting in a dividend yield of 2.82%, and it has a price to earnings (P/E) ratio of 11.74. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for COP in the last 3 months, the mean price target is $139.29 with high estimates of $164.00 and low estimates of $109.00. In terms of 52-week highs and lows, COP has a high of $135.29 and a low of $89.98.

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 $E-mini Copper Futures,Dec-2023.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $39.69, while its Total Shareholder’s Equity was $45.41B.

Analysts Opinion

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. 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 4.38.

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