ConocoPhillips (COP) Scheduled to Post Quarterly Earnings on Thursday

ConocoPhillips (NYSE:COPGet Rating) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 5th. Analysts expect ConocoPhillips to post earnings of $2.53 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

ConocoPhillips (NYSE:COPGet Rating) last posted its quarterly earnings data on Thursday, February 3rd. The energy producer reported $2.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.07. ConocoPhillips had a net margin of 16.71% and a return on equity of 18.08%. The business had revenue of $15.96 billion during the quarter, compared to analysts’ expectations of $13.34 billion. During the same quarter in the prior year, the business posted ($0.19) earnings per share. On average, analysts expect ConocoPhillips to post $13 EPS for the current fiscal year and $12 EPS for the next fiscal year.

COP opened at $93.06 on Thursday. ConocoPhillips has a twelve month low of $50.97 and a twelve month high of $107.52. The company has a 50-day simple moving average of $98.12 and a 200 day simple moving average of $84.95. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $120.61 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 0.38 and a beta of 1.41.

The company also recently disclosed a dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, March 30th. ConocoPhillips’s dividend payout ratio is 37.62%.

In related news, EVP Nicholas G. Olds sold 19,600 shares of the stock in a transaction on Friday, March 4th. The stock was sold at an average price of $99.95, for a total value of $1,959,020.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Heather G. Sirdashney sold 5,700 shares of the stock in a transaction on Friday, March 4th. The stock was sold at an average price of $98.71, for a total value of $562,647.00. The disclosure for this sale can be found here. Insiders have sold a total of 167,800 shares of company stock worth $15,730,870 over the last 90 days. Company insiders own 0.08% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Carroll Investors Inc purchased a new position in ConocoPhillips in the fourth quarter worth $28,000. First Community Trust NA purchased a new position in shares of ConocoPhillips in the 4th quarter worth about $46,000. Chicago Partners Investment Group LLC bought a new position in ConocoPhillips during the fourth quarter valued at about $211,000. Crestwood Advisors Group LLC bought a new position in ConocoPhillips during the fourth quarter valued at about $204,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in ConocoPhillips during the fourth quarter worth about $302,000. Hedge funds and other institutional investors own 79.36% of the company’s stock.

A number of research analysts have recently commented on COP shares. Bank of America cut shares of ConocoPhillips from a “buy” rating to a “neutral” rating and increased their target price for the stock from $110.00 to $135.00 in a report on Tuesday, March 8th. Barclays increased their target price on shares of ConocoPhillips from $93.00 to $131.00 in a report on Friday, March 18th. The Goldman Sachs Group raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and increased their target price for the stock from $78.00 to $101.00 in a report on Tuesday, January 18th. Mizuho increased their target price on shares of ConocoPhillips from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, March 31st. Finally, Truist Financial upped their price objective on ConocoPhillips from $115.00 to $130.00 in a research note on Thursday, April 21st. Four investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $105.79.

ConocoPhillips Company Profile (Get Rating)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Earnings History for ConocoPhillips (NYSE:COP)

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