By otakuyassine3@gmail.com 
ConocoPhillips (NYSE:COP – Get Free Report) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Monday, February 17th will be paid a dividend of 0.78 per share by the energy producer on Monday, March 3rd. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.11%.
ConocoPhillips has increased its dividend by an average of 12.9% annually over the last three years. ConocoPhillips has a dividend payout ratio of 34.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect ConocoPhillips to earn $8.31 per share next year, which means the company should continue to be able to cover its $3.12 annual dividend with an expected future payout ratio of 37.5%.
ConocoPhillips Trading Down 0.4 %
Shares of COP stock opened at $100.18 on Thursday. The stock has a 50 day simple moving average of $101.54 and a 200 day simple moving average of $106.36. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. The stock has a market cap of $115.30 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18.
ConocoPhillips (NYSE:COP – Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. On average, research analysts predict that ConocoPhillips will post 7.64 earnings per share for the current fiscal year.
Insider Transactions at ConocoPhillips
In other news, Director Arjun N. Murti acquired 2,500 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was purchased at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the purchase, the director now owns 21,500 shares in the company, valued at approximately $2,061,205. This represents a 13.16 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director R A. Walker bought 10,400 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the purchase, the director now directly owns 38,000 shares in the company, valued at approximately $3,716,400. The trade was a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.34% of the company’s stock.
Wall Street Analyst Weigh In
COP has been the subject of a number of research analyst reports. Evercore ISI reissued an “outperform” rating and set a $165.00 price target on shares of ConocoPhillips in a report on Friday, December 6th. Wells Fargo & Company decreased their price objective on ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. TD Cowen started coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They issued a “buy” rating and a $125.00 price target on the stock. Susquehanna lifted their target price on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Finally, Truist Financial boosted their price objective on ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $135.89.
About ConocoPhillips
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company’s portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.
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