Conoco Phillips (NYSE: COP) is -11.72% lower on its value in year-to-date trading and has touched a low of $79.88 and a high of $130.32 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 $88.98 in the last trading session, with the day’s loss setting it -1.43%.
Currently trading at $87.55, the stock is -6.65% and -8.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.21 million and changing -1.61% at the moment leaves the stock -15.94% off its SMA200. COP registered -31.54% loss for a year compared to 6-month loss of -16.75%. The firm has a 50-day simple moving average (SMA 50) of $95.8082 and a 200-day simple moving average (SMA200) of $104.18535.
The stock witnessed a -14.43% gain in the last 1 month and extending the period to 3 months gives it a -17.29%, and is 1.34% 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 2.77% over the week and 4.52% over the month.
Conoco Phillips (COP) has around 11800 employees, a market worth around $110.68B and $54.61B in sales. Current P/E ratio is 11.22 and Fwd P/E is 11.29. Profit margin for the company is 16.88%. Distance from 52-week low is 9.60% and -32.82% from its 52-week high. The company has generated returns on investments over the last 12 months (10.38%).
with sales reaching $15.62B over the same period.The EPS is expected to shrink by -8.62% this year, but quarterly earnings will post 4.50% year-over-year. Quarterly sales are estimated to grow 7.89% in year-over-year returns.
Conoco Phillips (COP) Top Institutional Holders
2956.0 institutions hold shares in Conoco Phillips (COP), with institutional investors hold 83.63% of the company’s shares. The shares outstanding are 1.28B, and float is at 1.26B with Short Float at 1.53%. Institutions hold 83.55% 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 9.3238% 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 8.2993 of the shares outstanding. The other top investors are STATE STREET CORP which holds 56.27 million shares representing 4.8165% and valued at over $6.44 billion, while JPMORGAN CHASE & CO holds 3.7768 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 purchase by Murti Arjun N, the company’s Director. SEC filings show that Murti Arjun N bought 2,500 shares of the company’s common stock on Dec 20 ’24 at a price of $95.87 per share for a total of $0.24 million. Following the purchase, the insider now owns 21500.0 shares.
Conoco Phillips disclosed in a document filed with the SEC on Dec 17 ’24 that WALKER R A (Director) bought a total of 10,400 shares of the company’s common stock. The trade occurred on Dec 17 ’24 and was made at $97.80 per share for $1.02 million. Following the transaction, the insider now directly holds 38000.0 shares of the COP stock.
Still, SEC filings show that on Aug 13 ’24, LEACH TIMOTHY A (Director) disposed off 55,500 shares at an average price of $108.11 for $6.0 million. The insider now directly holds 455,909 shares of Conoco Phillips (COP).
