FY2022 Earnings Estimate for ConocoPhillips (NYSE:COP) Issued By Capital One Financial

ConocoPhillips (NYSE:COP – Get Rating) – Equities research analysts at Capital One Financial decreased their FY2022 EPS estimates for ConocoPhillips in a research note issued on Monday, January 23rd. Capital One Financial analyst P. Johnston now anticipates that the energy producer will earn $13.47 per share for the year, down from their prior forecast of $13.55. The consensus estimate for ConocoPhillips’ current full-year earnings is $13.63 per share. Capital One Financial also issued estimates for ConocoPhillips’ Q4 2022 earnings at $2.65 EPS.

ConocoPhillips (NYSE:COP – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The energy producer reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.19. The firm had revenue of $21.61 billion during the quarter, compared to analysts’ expectations of $17.05 billion. ConocoPhillips had a net margin of 22.90% and a return on equity of 35.02%.

A number of other research firms have also issued reports on COP. Societe Generale lowered shares of ConocoPhillips from a “hold” rating to a “sell” rating and increased their target price for the stock from $106.00 to $114.00 in a report on Monday, November 21st. They noted that the move was a valuation call. Truist Financial dropped their price objective on shares of ConocoPhillips from $155.00 to $148.00 in a research report on Thursday, January 19th. Piper Sandler raised their price target on ConocoPhillips from $155.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, December 19th. Wolfe Research cut ConocoPhillips from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 12th. Finally, Erste Group Bank upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Wednesday, October 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus target price of $136.29.

ConocoPhillips Trading Down 1.1 %

Shares of NYSE COP opened at $118.81 on Tuesday. ConocoPhillips has a twelve month low of $78.30 and a twelve month high of $138.49. The company has a current ratio of 1.46, a quick ratio of 1.37 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $118.90 and a 200-day simple moving average of $112.53. The stock has a market capitalization of $148.05 billion, a PE ratio of 8.56, a PEG ratio of 0.54 and a beta of 1.29.

Institutional Trading of ConocoPhillips

Several hedge funds have recently modified their holdings of COP. Whalerock Point Partners LLC purchased a new stake in shares of ConocoPhillips during the 3rd quarter worth $204,680,000. Orion Capital Management LLC grew its position in ConocoPhillips by 149.5% during the fourth quarter. Orion Capital Management LLC now owns 227 shares of the energy producer’s stock worth $27,000 after buying an additional 136 shares during the period. Moisand Fitzgerald Tamayo LLC grew its position in ConocoPhillips by 93.4% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 236 shares of the energy producer’s stock worth $28,000 after buying an additional 114 shares during the period. Semmax Financial Advisors Inc. acquired a new position in ConocoPhillips during the third quarter worth about $33,000. Finally, Horan Securities Inc. grew its position in ConocoPhillips by 81.8% during the fourth quarter. Horan Securities Inc. now owns 249 shares of the energy producer’s stock worth $29,000 after buying an additional 112 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ConocoPhillips

In related news, EVP Nicholas G. Olds sold 10,950 shares of ConocoPhillips stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $134.90, for a total value of $1,477,155.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Nicholas G. Olds sold 10,950 shares of ConocoPhillips stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $134.90, for a total value of $1,477,155.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Timothy A. Leach sold 4,860 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $112.58, for a total transaction of $547,138.80. Following the transaction, the director now owns 661,142 shares in the company, valued at $74,431,366.36. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

ConocoPhillips Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Tuesday, December 27th were paid a dividend of $0.51 per share. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, December 23rd. This represents a $2.04 annualized dividend and a dividend yield of 1.72%. ConocoPhillips’s dividend payout ratio is 14.70%.

About ConocoPhillips

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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.