Roth Capital Comments on ConocoPhillips’ Q4 2024 Earnings (NYSE:COP)

ConocoPhillips (NYSE:COP) – Analysts at Roth Capital decreased their Q4 2024 earnings estimates for ConocoPhillips in a report issued on Thursday, May 2nd. Roth Capital analyst L. Mariani now forecasts that the energy producer will post earnings per share of $2.58 for the quarter, down from their prior estimate 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.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, beating 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 business had revenue of $15.31 billion during the quarter, compared to analyst estimates of $14.47 billion. During the same period in the prior year, the company earned $2.71 earnings per share.

Several other equities analysts also recently weighed in on the stock. Morgan Stanley lifted their target price on shares of ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Wells Fargo & Company boosted their target price on shares of ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Scotiabank raised their price target on ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Mizuho reiterated a “neutral” rating and set a $139.00 price objective (up from $132.00) on shares of ConocoPhillips in a research note on Friday, March 22nd. Finally, Barclays started coverage on ConocoPhillips in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 target price for the company. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $142.76.

ConocoPhillips Trading Down 0.0 %

Shares of COP opened at $123.54 on Monday. The firm has a market cap of $144.48 billion, a P/E ratio of 13.99, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25. ConocoPhillips has a fifty-two week low of $97.42 and a fifty-two week high of $135.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35. The business has a 50-day moving average of $124.31 and a 200 day moving average of $117.59.

ConocoPhillips Announces Dividend

The company also recently declared 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 2.53%. The ex-dividend date is Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is currently 26.27%.

Insider Transactions at ConocoPhillips

In related news, VP Christopher P. Delk sold 8,505 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO William L. Jr. Bullock sold 45,200 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $123.32, for a total transaction of $5,574,064.00. Following the transaction, the chief financial officer now directly owns 44,153 shares of the company’s stock, valued at $5,444,947.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher P. Delk sold 8,505 shares of the business’s 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 disclosure for this sale can be found here. In the last three months, insiders sold 700,775 shares of company stock worth $87,615,169. 0.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ConocoPhillips

Institutional investors and hedge funds have recently bought and sold shares of the stock. Orion Capital Management LLC purchased a new position in shares of ConocoPhillips in the third quarter worth $27,000. West Branch Capital LLC raised its stake in shares of ConocoPhillips by 87.8% during the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after acquiring an additional 108 shares during the last quarter. Cooksen Wealth LLC bought a new position in shares of ConocoPhillips during the fourth quarter valued at about $27,000. Sachetta LLC purchased a new stake in shares of ConocoPhillips during the fourth quarter worth about $27,000. Finally, Richardson Capital Management LLC purchased a new position in ConocoPhillips during the 1st quarter valued at about $31,000. 82.36% of the stock is currently owned by institutional investors.

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.