Conoco Phillips (NYSE: COP): Is It A Buying Opportunity Again?

After Hours

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Stocks Info

This NYSE-listed company operates within the Oil & Gas E&P industry segment, falling under the Energy sector. The current market capitalization of Conoco Phillips is $152.38B. A total of 3.88 million shares were traded on the day, compared to an average of 5.58M 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

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 $2.18, resulting in a dividend yield of 1.68%, and it has a price to earnings (P/E) ratio of 14.28. 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.

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. In terms of 52-week highs and lows, COP has a high of $135.18 and a low of $94.48.

As of this writing, COP has an earnings estimate of $E-mini Copper Futures,May-2024 per share for the current quarter. EPS was calculated based on a consensus of Copper May 24 estimates, with a high estimate of $COP/BRX per share and a lower estimate of $COP/USD.

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 $41.83, 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 4.35.

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