ConocoPhillips (COP) Performance and Fundamentals Dashboard tells a completely different story

ConocoPhillips (NYSE: COP) stock fell -2.20% on Thursday to $101.69 against a previous-day closing price of $103.98. With 4.95 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.38 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $102.40 whereas the lowest price it dropped to was $100.50. The 52-week range on COP shows that it touched its highest point at $136.78 and its lowest point at $76.24 during that stretch. It currently has a 1-year price target of $131.64. With its current market cap of 120.82 billion, COP has annualized dividend of $5.29 while the current yield stands at 5.20%. Beta for the stock currently stands at 1.32.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COP was up-trending over the past week, with a rise of 0.94%, but this was up by 1.21% over a month. Three-month performance dropped to -2.78% while six-month performance fell -20.79%. The stock lost -3.86% in the past year, while it has lost -13.29% so far this year. A look at the trailing 12-month EPS for COP yields 12.54 with Next year EPS estimates of 10.49. For the next quarter, that number is 2.22. This implies an EPS growth rate of 140.30% for this year and 8.51% for next year. EPS is expected to decline by -10.12% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 65.60%.

Float and Shares Shorts:

At present, 1.22 billion COP shares are outstanding with a float of 1.21 billion shares on hand for trading. On May 14, 2023, short shares totaled 10.14 million, which was 0.84% higher than short shares on Apr 13, 2023. In addition to Mr. Ryan M. Lance as the firm’s Chairman & CEO, Mr. William L. Bullock Jr. serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 82.75% of COP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.95% of COP, in contrast to 28.94% held by mutual funds. Shares owned by individuals account for 0.44%. As the largest shareholder in COP with 8.77% of the stake, The Vanguard Group, Inc. holds 106,931,822 shares worth 106,931,822. A second-largest stockholder of COP, SSgA Funds Management, Inc., holds 58,518,005 shares, controlling over 4.80% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in COP, holding 58,511,233 shares or 4.80% stake. With a 3.11% stake in COP, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 37,862,720 shares are owned by the mutual fund manager. The RBC Global Resources Fund, which owns about 2.49% of COP stock, is the second-largest Mutual Fund holder. It holds 30,400,000 shares valued at 3.13 billion. Vanguard 500 Index Fund holds 2.36% of the stake in COP, owning 28,726,588 shares worth 2.96 billion.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, COP reported revenue of $21.16B and operating income of $7.12B. The EBITDA in the recently reported quarter was $9.41B and diluted EPS was $3.96.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With COP analysts setting a high price target of $165.00 and a low target of $94.00, the average target price over the next 12 months is $132.50. Based on these targets, COP could surge 62.26% to reach the target high and fall by -7.56% to reach the target low. Reaching the average price target will result in a growth of 30.3% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded COP stock several times over the past three months with 3 Buys and 0 Sells. In these transactions, 5,547 shares were bought while 0 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 45 over the past year. The total number of shares bought during that period was 1,314,195 while 1,278,359 shares were sold.

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