ConocoPhillips (NYSE:COP – Get Free Report) Director Timothy A. Leach sold 44,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $114.64, for a total value of $5,044,160.00. Following the transaction, the director now owns 578,748 shares in the company, valued at approximately $66,347,670.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
ConocoPhillips Price Performance
Shares of NYSE:COP opened at $115.39 on Tuesday. ConocoPhillips has a 12 month low of $91.53 and a 12 month high of $135.68. The stock has a market cap of $137.02 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 0.70 and a beta of 1.28. The stock’s 50 day moving average price is $120.35 and its 200 day moving average price is $112.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.66 and a quick ratio of 1.53.
ConocoPhillips Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Tuesday, November 14th will be issued a dividend of $0.58 per share. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, November 13th. This represents a $2.32 annualized dividend and a yield of 2.01%. ConocoPhillips’s payout ratio is presently 22.30%.
Institutional Inflows and Outflows
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on COP shares. Bank of America upped their price target on ConocoPhillips from $145.00 to $150.00 in a report on Wednesday, September 27th. Jefferies Financial Group increased their price target on ConocoPhillips from $141.00 to $143.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Raymond James cut their target price on ConocoPhillips from $142.00 to $138.00 and set a “strong-buy” rating on the stock in a research report on Monday, July 24th. StockNews.com assumed coverage on ConocoPhillips in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Susquehanna cut their price objective on ConocoPhillips from $153.00 to $152.00 and set a “positive” rating on the stock in a research report on Wednesday, October 18th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and an average price target of $136.16.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.
- Five stocks we like better than ConocoPhillips
- Investing in the High PE Growth Stocks
- Catch the dip on Sociedad Quimica before earnings?
- How to Invest in Virtual Reality
- Can new GPT store spur generative AI monetization?
- Golden Cross Stocks: Pattern, Examples and Charts
- Energy looks to dominate markets with 3 oil and gas stocks
Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.com's FREE daily email newsletter.