Zacks Research Lifts Earnings Estimates for ConocoPhillips

ConocoPhillips (NYSE:COP) – Equities researchers at Zacks Research lifted their Q1 2025 earnings per share estimates for shares of ConocoPhillips in a note issued to investors on Wednesday, April 30th. Zacks Research analyst R. Department now expects that the energy producer will post earnings per share of $1.72 for the quarter, up from their previous forecast of $1.61. The consensus estimate for ConocoPhillips’ current full-year earnings is $8.16 per share. Zacks Research also issued estimates for ConocoPhillips’ Q2 2025 earnings at $1.50 EPS, Q3 2025 earnings at $1.66 EPS, Q4 2025 earnings at $1.68 EPS, FY2025 earnings at $6.56 EPS, Q1 2026 earnings at $1.68 EPS, Q2 2026 earnings at $1.67 EPS, Q3 2026 earnings at $1.75 EPS, Q4 2026 earnings at $1.80 EPS, FY2026 earnings at $6.90 EPS and FY2027 earnings at $7.81 EPS.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a research note on Thursday, January 30th. Wells Fargo & Company reduced their target price on ConocoPhillips from $131.00 to $116.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Barclays dropped their price target on ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Bank of America downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $138.00 to $107.00 in a research report on Tuesday. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $116.00 target price on shares of ConocoPhillips in a research report on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and a consensus target price of $124.79.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $91.46 on Friday. The firm has a market cap of $115.62 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company’s fifty day simple moving average is $93.78 and its two-hundred day simple moving average is $100.03. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $125.22.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%.

Hedge Funds Weigh In On ConocoPhillips

Large investors have recently modified their holdings of the stock. Albion Financial Group UT raised its holdings in ConocoPhillips by 876.9% in the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock worth $25,000 after buying an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of ConocoPhillips during the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC purchased a new position in ConocoPhillips in the 4th quarter worth approximately $27,000. 10Elms LLP bought a new position in ConocoPhillips in the 4th quarter valued at approximately $28,000. Finally, Crowley Wealth Management Inc. purchased a new stake in ConocoPhillips during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.41%. ConocoPhillips’s dividend payout ratio is currently 40.05%.

About ConocoPhillips

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.