ConocoPhillips (COP) Scheduled to Post Quarterly Earnings on Thursday

ConocoPhillips (NYSE:COP) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect ConocoPhillips to post earnings of $2.05 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.32. The business had revenue of $15.31 billion during the quarter, compared to analyst estimates of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same period last year, the business earned $2.71 EPS. On average, analysts expect ConocoPhillips to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

ConocoPhillips Stock Down 3.5 %

Shares of ConocoPhillips stock opened at $125.62 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average price of $123.20 and a 200 day moving average price of $117.67. ConocoPhillips has a fifty-two week low of $95.70 and a fifty-two week high of $135.18. The firm has a market cap of $147.78 billion, a P/E ratio of 13.87, a P/E/G ratio of 2.72 and a beta of 1.24.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio is currently 25.61%.

Analyst Ratings Changes

COP has been the subject of a number of analyst reports. Morgan Stanley boosted their target price on shares of ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. UBS Group boosted their price target on shares of ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Truist Financial cut their target price on ConocoPhillips from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday. Susquehanna lifted their target price on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Finally, Mizuho restated a “neutral” rating and issued a $139.00 price target (up previously from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $142.65.

Insider Buying and Selling at ConocoPhillips

In related news, SVP Heather G. Hrap sold 4,548 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total transaction of $502,781.40. Following the completion of the sale, the senior vice president now owns 2,654 shares in the company, valued at approximately $293,399.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Heather G. Hrap sold 4,548 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the transaction, the senior vice president now owns 2,654 shares in the company, valued at $293,399.70. The disclosure for this sale can be found here. Insiders have sold a total of 700,775 shares of company stock worth $87,615,169 over the last 90 days. Insiders own 0.34% of the company’s stock.

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.