Market Recap Check: Conoco Phillips (COP)’s Negative Finish at 121.04, Up/Down -0.45

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The price of Conoco Phillips (NYSE: COP) closed at $121.04 in the last session, down -0.45% from day before closing price of $121.59. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 5.55 million shares were traded. COP stock price reached its highest trading level at $122.17 during the session, while it also had its lowest trading level at $120.43.

Ratios:

We take a closer look at COP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.10. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.35.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on April 10, 2024, initiated with a Overweight rating and assigned the stock a target price of $158.

On November 14, 2023, Johnson Rice started tracking the stock assigning a Accumulate rating and target price of $135.Johnson Rice initiated its Accumulate rating on November 14, 2023, with a $135 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 25 ’24 when Lance Ryan Michael sold 607,000 shares for $125.91 per share. The transaction valued at 76,426,824 led to the insider holds 6,780 shares of the business.

Olds Nicholas G sold 12,150 shares of COP for $1,536,280 on Mar 25 ’24. The Executive Vice President now owns 14,522 shares after completing the transaction at $126.44 per share. On Mar 22 ’24, another insider, Bullock William L. Jr., who serves as the Executive Vice President & CFO of the company, sold 45,200 shares for $123.32 each. As a result, the insider received 5,574,276 and left with 44,153 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, COP now has a Market Capitalization of 142203846656 and an Enterprise Value of 153916391424. As of this moment, Conoco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.70, and their Forward P/E ratio for the next fiscal year is 12.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.57 while its Price-to-Book (P/B) ratio in mrq is 2.87. Its current Enterprise Value per Revenue stands at 2.709 whereas that against EBITDA is 6.337.

Stock Price History:

Over the past 52 weeks, COP has reached a high of $134.96, while it has fallen to a 52-week low of $96.02. The 50-Day Moving Average of the stock is -2.85%, while the 200-Day Moving Average is calculated to be 2.75%.

Shares Statistics:

According to the various share statistics, COP traded on average about 5.34M shares per day over the past 3-months and 5559320 shares per day over the past 10 days. A total of 1.18B shares are outstanding, with a floating share count of 1.17B. Insiders hold about 0.09% of the company’s shares, while institutions hold 84.23% stake in the company. Shares short for COP as of 1714435200 were 12519381 with a Short Ratio of 2.34, compared to 1711584000 on 12879365. Therefore, it implies a Short% of Shares Outstanding of 12519381 and a Short% of Float of 1.0699999999999998.

Dividends & Splits

The forward annual dividend rate for COP is 2.96, which was 4.18 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.03437783The stock’s 5-year Average Dividend Yield is 2.59.

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