ConocoPhillips (NYSE:COP) VP Glenda Mae Schwarz sold 6,763 shares of the firm’s stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $65.04, for a total value of $439,865.52. Following the completion of the sale, the vice president now directly owns 10,182 shares in the company, valued at approximately $662,237.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of COP stock traded down $2.96 during mid-day trading on Friday, reaching $65.49. The stock had a trading volume of 830,852 shares, compared to its average volume of 6,950,538. The company has a current ratio of 1.86, a quick ratio of 1.71 and a debt-to-equity ratio of 0.54. ConocoPhillips has a one year low of $42.26 and a one year high of $71.71. The company has a market capitalization of $80.87 billion, a P/E ratio of 109.10, a P/E/G ratio of 2.08 and a beta of 1.22.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, April 26th. The energy producer reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.22. ConocoPhillips had a positive return on equity of 6.69% and a negative net margin of 1.64%. The company had revenue of $8.96 billion during the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter last year, the company earned ($0.02) EPS. sell-side analysts predict that ConocoPhillips will post 3.69 earnings per share for the current fiscal year.
ConocoPhillips declared that its board has approved a stock buyback program on Thursday, February 1st that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the energy producer to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on ConocoPhillips from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, April 9th. Citigroup raised their target price on ConocoPhillips from $57.00 to $63.00 and gave the company a “buy” rating in a report on Friday, February 9th. Argus lowered their target price on ConocoPhillips from $65.00 to $54.54 and set a “buy” rating on the stock in a report on Friday, February 16th. Zacks Investment Research raised ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Thursday, April 19th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $64.00 target price on shares of ConocoPhillips in a report on Monday, April 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $63.50.
Institutional investors have recently bought and sold shares of the stock. Centaurus Financial Inc. bought a new position in shares of ConocoPhillips during the 1st quarter worth approximately $104,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of ConocoPhillips by 468.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,820 shares of the energy producer’s stock worth $100,000 after buying an additional 1,500 shares during the period. Bristol John W & Co. Inc. NY bought a new position in shares of ConocoPhillips during the 1st quarter worth approximately $142,000. Truewealth LLC bought a new position in shares of ConocoPhillips during the 4th quarter worth approximately $138,000. Finally, First Personal Financial Services lifted its position in shares of ConocoPhillips by 111.9% during the 4th quarter. First Personal Financial Services now owns 2,649 shares of the energy producer’s stock worth $145,000 after buying an additional 1,399 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.
ConocoPhillips Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.
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