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Conoco Phillips (COP) – key numbers that make it a Strong Buy For Now

Conoco Phillips (NYSE: COP) is -3.87% lower on its value in year-to-date trading and has touched a low of $101.89 and a high of $134.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The COP stock was last observed hovering at around $112.23 in the last trading session, with the day’s loss setting it -1.04%.

Currently trading at $111.19, the stock is -1.30% and -5.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.46 million and changing -0.93% at the moment leaves the stock -5.20% off its SMA200. COP registered 8.62% gain for a year compared to 6-month loss of -4.25%.

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The stock witnessed a -0.90% gain in the last 1 month and extending the period to 3 months gives it a -15.90%, and is -2.77% down 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 1.80% over the week and 1.83% over the month.

Conoco Phillips (COP) has around 9900 employees, a market worth around $129.46B and $55.07B in sales. Current P/E ratio is 12.58 and Fwd P/E is 11.27. Profit margin for the company is 19.16%. Distance from 52-week low is 9.13% and -17.61% from its 52-week high. The company has generated returns on investments over the last 12 months (15.84%).

with sales reaching $15.14B over the same period.The EPS is expected to grow by 1.59% this year, but quarterly earnings will post -0.60% year-over-year.

Conoco Phillips (COP) Top Institutional Holders

The shares outstanding are 1.18B, and float is at 1.16B with Short Float at 1.54%.

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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