Conoco Phillips (NYSE: COP) is -4.17% lower on its value in year-to-date trading and has touched a low of $101.29 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 $112.05 in the last trading session, with the day’s loss setting it -1.41%.
Currently trading at $110.64, the stock is 3.17% and 2.73% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.16 million and changing -1.26% at the moment leaves the stock -3.09% off its SMA200. COP registered -3.79% loss for a year compared to 6-month loss of -8.42%. The firm has a 50-day simple moving average (SMA 50) of $107.7012 and a 200-day simple moving average (SMA200) of $114.39625.
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The stock witnessed a 1.07% gain in the last 1 month and extending the period to 3 months gives it a 1.20%, and is 1.31% 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 2.02% over the week and 1.77% over the month.
Conoco Phillips (COP) has around 9900 employees, a market worth around $127.34B and $55.02B in sales. Current P/E ratio is 13.14 and Fwd P/E is 13.51. Profit margin for the company is 18.02%. Distance from 52-week low is 9.23% and -17.87% from its 52-week high. The company has generated returns on investments over the last 12 months (14.83%).
with sales reaching $13.55B over the same period.The EPS is expected to shrink by -11.72% this year, but quarterly earnings will post -4.50% year-over-year. Quarterly sales are estimated to shrink -11.50% in year-over-year returns.
Conoco Phillips (COP) Top Institutional Holders
2813.0 institutions hold shares in Conoco Phillips (COP), with institutional investors hold 84.21% of the company’s shares. The shares outstanding are 1.18B, and float is at 1.15B with Short Float at 1.94%. Institutions hold 84.13% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 108.92 million shares valued at $12.46 billion. The investor’s holdings represent 9.2468% of the COP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 96.95 million shares valued at $11.09 billion to account for 8.2308 of the shares outstanding. The other top investors are STATE STREET CORP which holds 56.27 million shares representing 4.7767% and valued at over $6.44 billion, while JPMORGAN CHASE & CO holds 3.7456 of the shares totaling 44.12 million with a market value of $5.05 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).
