Conoco Phillips (NYSE: COP) is -4.86% lower on its value in year-to-date trading and has touched a low of $102.08 and a high of $134.71 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 $111.74 in the last trading session, with the day’s loss setting it -1.89%.
Currently trading at $109.85, the stock is 0.71% and -1.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.39 million and changing -1.69% at the moment leaves the stock -5.07% off its SMA200. COP registered -5.37% loss for a year compared to 6-month gain of 0.63%.
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The stock witnessed a -2.02% loss in the last 1 month and extending the period to 3 months gives it a -8.96%, and is 1.39% 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 1.72% over the week and 2.01% over the month.
Conoco Phillips (COP) has around 9900 employees, a market worth around $127.56B and $56.29B in sales. Current P/E ratio is 12.23 and Fwd P/E is 11.27. Profit margin for the company is 18.92%. Distance from 52-week low is 7.61% and -18.46% from its 52-week high. The company has generated returns on investments over the last 12 months (15.95%).
The EPS is expected to shrink by -2.39% this year.
Conoco Phillips (COP) Top Institutional Holders
2867.0 institutions hold shares in Conoco Phillips (COP), with institutional investors hold 83.65% of the company’s shares. The shares outstanding are 1.18B, and float is at 1.16B with Short Float at 1.37%. Institutions hold 83.55% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 109.17 million shares valued at $13.89 billion. The investor’s holdings represent 9.2678 of the COP Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 97.83 million shares valued at $12.45 billion to account for 8.3052 of the shares outstanding. The other top investors are STATE STREET CORP which holds 70.32 million shares representing 5.9703 and valued at over $8.95 billion, while JPMORGAN CHASE & CO holds 4.2789 of the shares totaling 50.4 million with a market value of $6.42 billion.
Conoco Phillips (COP) Insider Activity
The most recent transaction is an insider sale by LEACH TIMOTHY A, the company’s Director. SEC filings show that LEACH TIMOTHY A sold 55,500 shares of the company’s common stock on Aug 13 ’24 at a price of $108.11 per share for a total of $6.0 million. Following the sale, the insider now owns 0.46 million shares.
Still, SEC filings show that on Mar 25 ’24, Olds Nicholas G (Executive Vice President) disposed off 12,150 shares at an average price of $126.44 for $1.54 million. The insider now directly holds 14,522 shares of Conoco Phillips (COP).
