ConocoPhillips (COP) Stock Forecast, Price & News

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ConocoPhillips in the last twelve months. There are currently 5 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" COP shares.
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21 equities research analysts have issued 1 year price targets for ConocoPhillips' stock. Their COP share price forecasts range from $102.00 to $167.00. On average, they expect the company's stock price to reach $137.58 in the next twelve months. This suggests a possible upside of 34.1% from the stock's current price.
View analysts price targets for COP or view top-rated stocks among Wall Street analysts.

ConocoPhillips' stock was trading at $118.00 at the beginning of 2023. Since then, COP shares have decreased by 13.1% and is now trading at $102.60.
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ConocoPhillips saw a decrease in short interest in April. As of April 30th, there was short interest totaling 11,160,000 shares, a decrease of 7.5% from the April 15th total of 12,060,000 shares. Based on an average trading volume of 6,830,000 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.9% of the company's stock are short sold.
View ConocoPhillips' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our COP earnings forecast.

ConocoPhillips (NYSE:COP) posted its quarterly earnings results on Thursday, May, 4th. The energy producer reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.36. The energy producer earned $15.52 billion during the quarter, compared to analyst estimates of $16.06 billion. ConocoPhillips had a trailing twelve-month return on equity of 32.75% and a net margin of 20.21%. The firm's quarterly revenue was down 19.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.27 EPS.
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ConocoPhillips announced a quarterly dividend on Thursday, May 4th. Investors of record on Tuesday, May 16th will be given a dividend of $0.51 per share on Thursday, June 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, June 26th.
Read our dividend analysis for COP.

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), PGIM Jennison Focused Value ETF (PJFV), Fidelity MSCI Energy Index ETF (FENY), iShares U.S. Energy ETF (IYE), Vanguard Energy ETF (VDE), Strive U.S. Energy ETF (DRLL) and Invesco Dynamic Energy Exploration & Production ETF (PXE).

ConocoPhillips (NYSE:COP) pays an annual dividend of $2.04 per share and currently has a dividend yield of 2.03%. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 16.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, COP will have a dividend payout ratio of 17.74% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for COP.

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.

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).

ConocoPhillips trades on the New York Stock Exchange (NYSE) under the ticker symbol "COP."

ConocoPhillips' stock is owned by many different retail and institutional investors. Top institutional shareholders include State Street Corp (4.84%), Wellington Management Group LLP (3.70%), FMR LLC (2.17%), Geode Capital Management LLC (1.85%), Dodge & Cox (1.16%) and Price T Rowe Associates Inc. MD (1.11%). 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, Timothy A Leach and Welsh Kontessa S Haynes.
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Shares of COP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of COP stock can currently be purchased for approximately $102.60.

ConocoPhillips (NYSE:COP) has a market capitalization of $124.15 billion and generates $82.16 billion in revenue each year. The energy producer earns $18.68 billion in net income (profit) each year or $12.50 on an earnings per share basis.

The company employs 9,500 workers across the globe.

ConocoPhillips' mailing address is 925 N. ELDRIDGE PARKWAY, HOUSTON TX, 77084. The official website for the company is www.conocophillips.com. The energy producer can be reached via phone at (281) 293-1000, via email at investor.relations@conocophillips.com, or via fax at 281-293-1440.