Stocks of Conoco Phillips (NYSE:COP) traded higher last session on Wall Street, up 0.11% to $101.02.
COP stock price is now -6.38% away from the 50-day moving average and -11.20% away from the 200-day moving average. The market capitalization of the company currently stands at $130.82B.
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On December 05, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $120 to quote $123, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, LEACH TIMOTHY A, Director sold 55,500 shares of the company’s stock on Aug 13 ’24. The stock was sold for $6,000,255 at an average price of $108.11. Upon completion of the transaction, the Director now directly owns 455,909 shares in the company, valued at $46.06 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 13 ’24, Affiliate Timothy Allen Leach bought 66,757 shares of the business’s stock. A total of $7,345,273 was incurred on buying the stock at an average price of $110.03. A total of 0.07% of the company’s stock is owned by insiders.
During the past 12 months, Conoco Phillips has had a low of $100.87 and a high of $134.71. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.30, and a quick ratio of 1.16. According to the stock market information, the enterprise value for the company is $127777177600, which is based on a 12.00 price-to-earnings ratio, a 1.71 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for COP is $107.9078 and a two-hundred day moving average price translates $113.9387 for the stock.
The latest earnings results from Conoco Phillips (NYSE: COP) was released for 2024-09-30. The net profit margin was 18.02% and return on equity was 20.31% for COP. The company reported revenue of $13.6 billion for the quarter, compared to $14.87 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.49 percent.
