ConocoPhillips Announces 2023 Earnings of $9.48 Per Share, Capital One Financial Projections (NYSE:COP)

Financial Advisors


ConocoPhillips (NYSE:COP – Get Rating) – Research analysts at Capital One Financial have increased their 2023 EPS estimates for ConocoPhillips’ stock in a research note published on Friday, May 5. Capital One Financial analyst P. Johnston now expects the energy producer to post annual earnings per share of $9.48, up from his previous estimate of $9.11. increase. Capital One Financial currently has an “equal-weighted” rating and a price target of $102.00 for him. ConocoPhillips’ current consensus estimate for annual earnings is $10.06 per share. Capital One Financial forecasts ConocoPhillips’ first-quarter 2024 earnings at EPS of $2.20, second-quarter 2024 earnings at EPS of $2.19, third-quarter 2024 earnings at EPS of $2.23, and fourth-quarter 2024 earnings at EPS of $2.23. Earnings were estimated at EPS of $2.27.

ConocoPhillips (NYSE:COP – Get Rating) last reported quarterly results on Thursday, May 4. The energy producing company posted his earnings per share (EPS) of $2.38 for the quarter, $0.36 above analyst consensus expectations of $2.02. ConocoPhillips had a net profit margin of 20.21% and a return on equity of 32.75%. The company posted revenue of $15.52 billion for the quarter, compared to consensus expectations of $16.06 billion. During the same period last year, the company recorded his EPS of $3.27. The company’s revenue for the quarter fell 19.6% year-on-year.

Several other brokerage firms have also recently joined the COP. Credit Suisse Group lowered its price target for ConocoPhillips stock from $145.00 to $140.00 and gave the stock an “outperform” rating in its research report on Friday, February 3rd. Wells Fargo & Company raised its price target for ConocoPhillips stock from $154.00 to $156.00 in a research report on Tuesday, January 10, giving the company an “overweight” rating. StockNews.com featured his stake in ConocoPhillips in a research report on Thursday, March 16th. They put a “Hold” rating on the stock. Morgan Stanley raised its price target on ConocoPhillips shares from his $115.00 to $122.00, giving it an “overweight” rating in its research report on Friday, April 14. Finally, Wolfe Research downgraded ConocoPhillips’ stock from an “outperform” rating to a “peer perform” rating in his Thursday, January 12 research report. Six analysts rated the stock with a hold rating, 15 assigned a buy rating, and one gave the company’s stock a strong buy rating. Based on MarketBeat.com data, the stock currently has an average rating of “moderate buy” with an average target price of $137.11.

ConocoPhillips Trading Volume 3.1 %

NYSE:COP shares opened at $100.37 on Monday. The company has a market cap of $121.64 billion, a PE ratio of 8.03, a P/E/G ratio of 0.53 and a beta of 1.30. The company has a 50-day moving average price of $102.69 and a 200-day moving average price of $113.41. ConocoPhillips has a 52-week low of $78.30 and a 52-week high of $138.49. The company has a quick ratio of 1.36, a current ratio of 1.39 and a debt to equity ratio of 0.32.

ConocoPhillips Institutional Trading

Many institutional investors have recently increased or decreased their stakes in businesses. Matter Wealth Management LLC raised his stake in ConocoPhillips by 3.4% in the first quarter. He now owns 6,151 shares in energy producers worth $610,000 after Matter Wealth Management LLC acquired an additional 200 shares during the previous quarter. Moisand Fitzgerald Tamayo LLC increased his ConocoPhillips stake by 270.8% in the first quarter. Moisand Fitzgerald Tamayo LLC now owns 875 shares of the energy producing company worth $87,000 after acquiring an additional 639 shares during the previous quarter. AllGen Financial Advisors Inc. raised his ConocoPhillips stake by 7.7% in the first quarter. AllGen Financial Advisors Inc. now owns 13,485 shares of the energy producing company valued at $1,338,000 after acquiring an additional 961 shares during the previous quarter. Allegheny Financial Group LTD increased his ConocoPhillips stake by 1.8% in the first quarter. Allegheny Financial Group LTD owns 7,770 shares of the energy producer worth $771,000 after acquiring an additional 134 shares during the previous quarter. Finally, Jacobi Capital Management LLC increased its stake in ConocoPhillips by 3.2% in the first quarter. Jacobi Capital Management LLC now owns 18,382 shares of the energy producing company valued at $1,824,000 after acquiring an additional 568 shares during the previous quarter. Currently 81.76% of the shares are owned by institutional investors and hedge funds.

Insider activity at ConocoPhillips

In related news, Director R A. Walker acquired 4,800 shares in a transaction that took place on Wednesday, February 22nd. Shares were purchased at an average price of $103.00 per share for an aggregate amount of $494,400.00. Following the closing of the transaction, the directors now own 27,600 shares of the Company’s stock valued at approximately $2,842,800. The acquisition is disclosed in legal documents to the Securities and Exchange Commission, available at this link. His 0.08% of the shares are now owned by insiders.

ConocoPhillips Dividend Notice

The company recently announced a quarterly dividend payable on Thursday, June 1st. Investors who register on Tuesday, May 16th will receive a dividend of $0.51 per share. This represents his $2.04 dividend and his 2.03% yield on an annual basis. The ex-dividend date is Monday, May 15. ConocoPhillips currently has a payout percentage of 16.32%.

ConocoPhillips Company Profile

(get rating)

ConocoPhillips explores, produces, transports and markets crude oil, bitumen, natural gas, liquid natural gas and liquefied natural gas worldwide. It operates through geographic segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Rest of the World.

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ConocoPhillips (NYSE:COP) earnings history and quotes

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