In yesterday’s Wall Street session, Conoco Phillips (NYSE:COP) shares traded at $97.11, up 0.76% from the previous session.
COP stock price is now -8.21% away from the 50-day moving average and -14.23% away from the 200-day moving average. The market capitalization of the company currently stands at $126.57B.
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With the price target enhanced from $132 to $134, Mizuho Upgraded its rating from Neutral to Outperform for Conoco Phillips (NYSE: COP). On December 16, 2024, Morgan Stanley recently initiated its ‘Overweight’ rating on the stock quoting a target price of $128, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Murti Arjun N, Director bought 2,500 shares of the company’s stock on Dec 20 ’24. The stock was bought for $239,675 at an average price of $95.87. Upon completion of the transaction, the Director now directly owns 21,500 shares in the company, valued at $2.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 17 ’24, Director WALKER R A bought 10,400 shares of the business’s stock. A total of $1,017,161 was incurred on buying the stock at an average price of $97.80. This leaves the insider owning 38,000 shares of the company worth $3.69 million. 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 $94.23 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 $120986796032, which is based on a 11.53 price-to-earnings ratio, a 1.44 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for COP is $106.0474 and a two-hundred day moving average price translates $113.46635 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.
