Stocks of Conoco Phillips (NYSE:COP) traded higher last session on Wall Street, down -0.16% to $114.99.
COP stock price is now -4.23% away from the 50-day moving average and -2.26% away from the 200-day moving average. The market capitalization of the company currently stands at $133.88B.
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On April 10, 2024, Barclays recently initiated its ‘Overweight’ rating on the stock quoting a target price of $158, while ‘Johnson Rice’ rates the stock as ‘Hold’
In other news, Lance Ryan Michael, Chairman and CEO sold 607,000 shares of the company’s stock on Mar 25 ’24. The stock was sold for $76,426,824 at an average price of $125.91. Upon completion of the transaction, the Chairman and CEO now directly owns 6,780 shares in the company, valued at $0.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 25 ’24, Executive Vice President Olds Nicholas G sold 12,150 shares of the business’s stock. A total of $1,536,280 was realized by selling the stock at an average price of $126.44. This leaves the insider owning 14,522 shares of the company worth $1.67 million. A total of 0.09% of the company’s stock is owned by insiders.
During the past 12 months, Conoco Phillips has had a low of $98.51 and a high of $134.96. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.35, and a quick ratio of 1.21. According to the stock market information, the enterprise value for the company is $146840715264, which is based on a 13.01 price-to-earnings ratio, a 3.10 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for COP is $119.8298 and a two-hundred day moving average price translates $117.9398 for the stock.
The latest earnings results from Conoco Phillips (NYSE: COP) was released for 2024-03-31. The net profit margin was 19.16% and return on equity was 21.73% for COP. The company reported revenue of $14.48 billion for the quarter, compared to $15.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.71 percent.
