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Conoco Phillips (COP) Stock Could Soon Reward Patient Investors

Conoco Phillips (NYSE: COP) is 12.78% higher on its value in year-to-date trading and has touched a low of $94.48 and a high of $128.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The COP stock was last observed hovering at around $128.68 in the last trading session, with the day’s gains setting it 1.99%.

Currently trading at $130.67, the stock is 9.17% and 14.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.97 million and changing 1.55% at the moment leaves the stock 14.02% off its SMA200. COP registered 33.36% gain for a year compared to 6-month loss of 9.27%. The firm has a 50-day simple moving average (SMA 50) of $2.95 and a 200-day simple moving average (SMA200) of $6.45.

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The stock witnessed a 14.38% gain in the last 1 month and extending the period to 3 months gives it a 12.78%, and is 3.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.54% over the week and 1.61% over the month.

Conoco Phillips (COP) has around 9900 employees, a market worth around $153.72B and $56.05B in sales. Current P/E ratio is 14.41 and Fwd P/E is 13.57. Profit margin for the company is 19.50%. Distance from 52-week low is 38.30% and 1.34% from its 52-week high. The company has generated returns on investments over the last 12 months (16.16%).

Conoco Phillips quarterly earnings per share for the current quarter are estimated at $2.01 with sales reaching $14.95B over the same period.The EPS is expected to shrink by -2.21% this year, but quarterly earnings will post 0.10% year-over-year. Quarterly sales are estimated to shrink -5.00% in year-over-year returns.

Conoco Phillips (COP) Top Institutional Holders

2,756 institutions hold shares in Conoco Phillips (COP), with institutional investors hold 83.53% of the company’s shares. The shares outstanding are 1.18B, and float is at 1.18B with Short Float at 1.16%. Institutions hold 83.42% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 110.95 million shares valued at $11.5 billion. The investor’s holdings represent 9.26% of the COP Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 98.85 million shares valued at $10.24 billion to account for 8.25% of the shares outstanding. The other top investors are State Street Corporation which holds 57.05 million shares representing 4.76% and valued at over $5.91 billion, while JP Morgan Chase & Company holds 4.64% of the shares totaling 55.59 million with a market value of $5.76 billion.

Conoco Phillips (COP) Insider Activity

The most recent transaction is an insider sale by Lance Ryan Michael,the company’sChairman and CEO. SEC filings show that Lance Ryan Michael sold 607,000 shares of the company’s common stock on Mar 25 ’24 at a price of $125.91 per share for a total of $76.43 million. Following the sale, the insider now owns 6780.0 shares.

Conoco Phillips disclosed in a document filed with the SEC on Mar 25 ’24 that Olds Nicholas G (Executive Vice President) sold a total of 12,150 shares of the company’s common stock. The trade occurred on Mar 25 ’24 and was made at $126.44 per share for $1.54 million. Following the transaction, the insider now directly holds 14522.0 shares of the COP stock.

Still, SEC filings show that on Mar 22 ’24, Bullock William L. Jr. (Executive Vice President & CFO) disposed off 45,200 shares at an average price of $123.32 for $5.57 million. The insider now directly holds 44,153 shares of Conoco Phillips (COP).

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