Value Investing Philosophy And Conoco Phillips (NYSE: COP)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that ConocoPhillips to hold first-quarter earnings conference call on Thursday, May 2.

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Stocks Info

COP belongs to the Energy sector of the NYSE while operating in the Oil & Gas E&P industry. The current market capitalization of Conoco Phillips is $155.78B. A total of 4.48 million shares were traded on the day, compared to an average of 5.68M shares.

In the most recent transaction, Lance Ryan Michael sold 607,000 shares of COP for 125.91 per share on Mar 25 ’24. After the transaction, the Chairman and CEO now owns 6,780 company shares. In a previous transaction on Mar 25 ’24, Olds Nicholas G sold 12,150 shares at 126.44 per share. COP shares that Executive Vice President owns now total 14,522.

Among the insiders who sold shares, Bullock William L. Jr. disposed of 45,200 shares on Mar 22 ’24 at a per-share price of $123.32. This resulted in the Executive Vice President & CFO holding 44,153 shares of COP after the transaction. In another insider transaction, DELK CHRISTOPHER P. sold 8,505 shares at $112.06 per share on Feb 22 ’24. Company shares held by the Vice President, Controller now total 0.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Conoco Phillips pays an annual dividend of $2.18, resulting in a dividend yield of 1.65%, and it has a price to earnings (P/E) ratio of 14.60. COP’s most recent ex-dividend date was 2/15/2024 when it declared a $0.78 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/13/2023. The COP stock dividend was $0.58 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, COP has a high of $133.84 and a low of $94.48.

As of this writing, COP has an earnings estimate of $2.04 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $3.05 per share and a lower estimate of $1.6. The company reported an EPS of $2.16 in the last quarter, which was 3.80% higher than expectations of $2.08.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $41.83, while its Total Shareholder’s Equity was $45.41B.

Analysts Opinion

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. 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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