ConocoPhillips (NYSE:COP) to Post Q4 2024 Earnings of $2.58 Per Share, Roth Capital Forecasts

ConocoPhillips (NYSE:COP) – Analysts at Roth Capital dropped their Q4 2024 earnings estimates for ConocoPhillips in a report issued on Thursday, May 2nd. Roth Capital analyst L. Mariani now expects that the energy producer will post earnings of $2.58 per share for the quarter, down from their previous forecast of $2.79. The consensus estimate for ConocoPhillips’ current full-year earnings is $9.10 per share. Roth Capital also issued estimates for ConocoPhillips’ Q1 2025 earnings at $2.41 EPS, Q2 2025 earnings at $2.25 EPS, Q4 2025 earnings at $3.07 EPS and FY2025 earnings at $10.25 EPS.

Several other analysts also recently commented on COP. Mizuho reaffirmed a “neutral” rating and set a $139.00 price objective (up previously from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Raymond James reduced their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Piper Sandler upped their price objective on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Wells Fargo & Company raised their target price on ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Scotiabank upped their price target on ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $142.76.

ConocoPhillips Trading Down 0.0 %

Shares of COP stock opened at $122.23 on Monday. ConocoPhillips has a fifty-two week low of $95.81 and a fifty-two week high of $135.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.29 and a current ratio of 1.35. The stock has a 50 day simple moving average of $123.85 and a two-hundred day simple moving average of $117.61. The company has a market cap of $143.79 billion, a P/E ratio of 13.84, a PEG ratio of 2.68 and a beta of 1.25.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.32. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The firm had revenue of $15.31 billion during the quarter, compared to analyst estimates of $14.47 billion. During the same period last year, the company posted $2.71 EPS.

Institutional Investors Weigh In On ConocoPhillips

A number of hedge funds have recently made changes to their positions in the business. Valued Wealth Advisors LLC boosted its stake in ConocoPhillips by 45.8% in the first quarter. Valued Wealth Advisors LLC now owns 261 shares of the energy producer’s stock valued at $33,000 after acquiring an additional 82 shares during the last quarter. Sloy Dahl & Holst LLC grew its holdings in ConocoPhillips by 3.3% during the third quarter. Sloy Dahl & Holst LLC now owns 2,629 shares of the energy producer’s stock valued at $315,000 after purchasing an additional 85 shares during the period. Astoria Portfolio Advisors LLC. grew its holdings in ConocoPhillips by 4.0% during the first quarter. Astoria Portfolio Advisors LLC. now owns 2,232 shares of the energy producer’s stock valued at $291,000 after purchasing an additional 85 shares during the period. KLCM Advisors Inc. raised its stake in shares of ConocoPhillips by 2.8% in the third quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer’s stock valued at $396,000 after buying an additional 89 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in shares of ConocoPhillips by 0.5% during the 3rd quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer’s stock valued at $2,270,000 after buying an additional 89 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Christopher P. Delk sold 8,505 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Nicholas G. Olds sold 12,150 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $126.44, for a total value of $1,536,246.00. Following the completion of the transaction, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The disclosure for this sale can be found here. Insiders have sold 700,775 shares of company stock valued at $87,615,169 in the last three months. 0.34% of the stock is currently owned by insiders.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.55%. The ex-dividend date is Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.27%.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.