ConocoPhillips (NYSE:COP) – Capital One Financial reduced their Q3 2021 EPS estimates for ConocoPhillips in a note issued to investors on Tuesday, September 21st. Capital One Financial analyst P. Johnston now anticipates that the energy producer will post earnings of $1.31 per share for the quarter, down from their previous estimate of $1.34.
ConocoPhillips (NYSE:COP) last announced its earnings results on Tuesday, August 3rd. The energy producer reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.17. ConocoPhillips had a net margin of 5.93% and a return on equity of 5.64%. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same quarter in the prior year, the firm posted ($0.92) EPS.
ConocoPhillips stock opened at $63.71 on Thursday. ConocoPhillips has a 12-month low of $27.53 and a 12-month high of $64.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.11 and a quick ratio of 1.97. The stock has a market capitalization of $85.31 billion, a PE ratio of 54.92, a price-to-earnings-growth ratio of 1.56 and a beta of 1.77. The firm has a 50 day simple moving average of $56.32 and a 200-day simple moving average of $56.23.
Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of ConocoPhillips by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 110,688,147 shares of the energy producer’s stock worth $6,740,909,000 after acquiring an additional 675,979 shares during the period. Capital International Investors raised its position in ConocoPhillips by 26.8% in the first quarter. Capital International Investors now owns 80,245,103 shares of the energy producer’s stock worth $4,250,693,000 after purchasing an additional 16,936,808 shares in the last quarter. State Street Corp lifted its stake in ConocoPhillips by 2.0% during the second quarter. State Street Corp now owns 72,497,939 shares of the energy producer’s stock worth $4,415,124,000 after purchasing an additional 1,405,555 shares during the period. Geode Capital Management LLC boosted its holdings in ConocoPhillips by 3.1% during the second quarter. Geode Capital Management LLC now owns 20,916,289 shares of the energy producer’s stock valued at $1,269,767,000 after purchasing an additional 623,791 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of ConocoPhillips by 45.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,130,486 shares of the energy producer’s stock valued at $1,066,312,000 after purchasing an additional 6,258,117 shares during the period. 78.47% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director R A. Walker acquired 18,000 shares of the business’s stock in a transaction dated Monday, August 9th. The stock was acquired at an average price of $55.50 per share, with a total value of $999,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jody Freeman sold 3,334 shares of the business’s stock in a transaction dated Monday, June 28th. The shares were sold at an average price of $59.65, for a total value of $198,873.10. Following the transaction, the director now owns 8,251 shares in the company, valued at $492,172.15. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Thursday, October 28th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, October 27th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.43. ConocoPhillips’s dividend payout ratio is -177.32%.
ConocoPhillips Company Profile
ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; Asia Pacific; and Other International.
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