ConocoPhillips Q4 EPS Lifted by Capital One Financial

ConocoPhillips (NYSE:COP) – Research analysts at Capital One Financial upped their Q4 2024 earnings estimates for ConocoPhillips in a report issued on Wednesday, January 8th. Capital One Financial analyst P. Johnston now expects that the energy producer will post earnings of $1.72 per share for the quarter, up from their previous forecast of $1.68. The consensus estimate for ConocoPhillips’ current full-year earnings is $7.77 per share. Capital One Financial also issued estimates for ConocoPhillips’ Q1 2025 earnings at $1.76 EPS, Q2 2025 earnings at $1.89 EPS, Q3 2025 earnings at $1.98 EPS, Q4 2025 earnings at $2.02 EPS, FY2025 earnings at $7.66 EPS and FY2026 earnings at $7.06 EPS.

A number of other analysts have also weighed in on COP. Wells Fargo & Company increased their target price on ConocoPhillips from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $120.00 to $123.00 in a report on Thursday, December 5th. UBS Group dropped their target price on shares of ConocoPhillips from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Mizuho raised shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Finally, Scotiabank dropped their price objective on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, ConocoPhillips presently has a consensus rating of “Buy” and an average price target of $136.71.

ConocoPhillips Trading Up 0.3 %

COP opened at $101.93 on Monday. The stock’s 50 day moving average price is $104.39 and its 200-day moving average price is $107.70. ConocoPhillips has a one year low of $94.23 and a one year high of $135.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. The stock has a market cap of $117.31 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.83 and a beta of 1.19.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.68 by $0.10. The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The firm’s revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.16 EPS.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of COP. Parallel Advisors LLC boosted its holdings in ConocoPhillips by 1.0% in the 2nd quarter. Parallel Advisors LLC now owns 27,170 shares of the energy producer’s stock worth $3,108,000 after buying an additional 271 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in ConocoPhillips by 34.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 8,373 shares of the energy producer’s stock valued at $957,000 after buying an additional 2,130 shares during the period. Wealthspire Advisors LLC boosted its position in shares of ConocoPhillips by 8.5% during the 2nd quarter. Wealthspire Advisors LLC now owns 8,145 shares of the energy producer’s stock worth $932,000 after purchasing an additional 641 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of ConocoPhillips by 6.6% in the second quarter. Envestnet Asset Management Inc. now owns 2,883,417 shares of the energy producer’s stock valued at $329,805,000 after buying an additional 178,129 shares in the last quarter. Finally, Prosperity Consulting Group LLC boosted its stake in shares of ConocoPhillips by 2.6% in the second quarter. Prosperity Consulting Group LLC now owns 6,774 shares of the energy producer’s stock valued at $775,000 after purchasing an additional 171 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other ConocoPhillips news, Director R A. Walker acquired 10,400 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the acquisition, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $3,716,400. The trade was a 37.68 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Arjun N. Murti bought 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average price of $95.87 per share, with a total value of $239,675.00. Following the completion of the transaction, the director now directly owns 21,500 shares of the company’s stock, valued at $2,061,205. This trade represents a 13.16 % 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.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.06%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, November 8th. ConocoPhillips’s dividend payout ratio (DPR) is 37.10%.

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.