ConocoPhillips [NYSE: COP] traded at a high on 02/01/21, posting a 1.70 gain after which it closed the day’ session at $40.71. The company report on January 16, 2021 that Trimble Set to Join S&P 500; YETI Holdings to Join S&P MidCap 400; Hilltop Holdings to Join S&P SmallCap 600.
S&P MidCap 400 constituent Trimble Inc. (NASD:TRMB) will replace Concho Resources Inc. (NYSE:CXO) in the S&P 500, S&P SmallCap 600 constituent YETI Holdings Inc. (NYSE:YETI) will replace Trimble in the S&P MidCap 400, and Hilltop Holdings Inc. (NYSE:HTH) will replace YETI Holdings in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, January 21. S&P 500/100 constituent ConocoPhillips (NYSE: COP) acquired Concho Resources in a deal completed.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:.
The results of the trading session contributed to over 8754531 shares changing hands. Over the past one week, the price volatility of ConocoPhillips stands at 3.95% while the volatility over the past one month is 3.97%.
The market cap for COP stock reached $44.65 billion, with 1.08 billion shares outstanding and 1.07 billion shares in the current float. Compared to the average trading volume of 12.69M shares, COP reached a trading volume of 8754531 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about ConocoPhillips [COP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COP shares is $54.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COP stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Scotiabank have made an estimate for ConocoPhillips shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on January 14, 2021. While these analysts kept the previous recommendation, Mizuho raised their target price from $36 to $56. The new note on the price target was released on January 12, 2021, representing the official price target for ConocoPhillips stock. Previously, the target price had yet another raise to $54, while Evercore ISI analysts kept a Outperform rating on COP stock. On November 02, 2020, analysts decreased their price target for COP shares from 46 to 44.
The Average True Range (ATR) for ConocoPhillips is set at 1.67, with the Price to Sales ratio for COP stock in the period of the last 12 months amounting to 2.14. The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 5.95.
How has COP stock performed recently?
ConocoPhillips [COP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.39. With this latest performance, COP shares gained by 1.75% in over the last four-week period, additionally plugging by 8.88% over the last 6 months – not to mention a drop of -31.50% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COP stock in for the last two-week period is set at 43.17, with the RSI for the last a single of trading hit 38.02, and the three-weeks RSI is set at 46.80 for ConocoPhillips [COP]. The present Moving Average for the last 50 days of trading for this stock 42.21, while it was recorded at 40.84 for the last single week of trading, and 39.19 for the last 200 days.
ConocoPhillips [COP]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and ConocoPhillips [COP] shares currently have an operating margin of +21.70 and a Gross Margin at +26.36. ConocoPhillips’s Net Margin is presently recorded at +22.17.
Return on Total Capital for COP is now 14.38, given the latest momentum, and Return on Invested Capital for the company is 14.80. Return on Equity for this stock inclined to 21.49, with Return on Assets sitting at 10.23. When it comes to the capital structure of this company, ConocoPhillips [COP] has a Total Debt to Total Equity ratio set at 45.24. Additionally, COP Total Debt to Total Capital is recorded at 31.15, with Total Debt to Total Assets ending up at 22.45. Long-Term Debt to Equity for the company is recorded at 43.95, with the Long-Term Debt to Total Capital now at 30.26.
Reflecting on the efficiency of the workforce at the company, ConocoPhillips [COP] managed to generate an average of $691,250 per employee. Receivables Turnover for the company is 8.68 with a Total Asset Turnover recorded at a value of 0.46.ConocoPhillips’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.40.
Earnings analysis for ConocoPhillips [COP]
With the latest financial reports released by the company, ConocoPhillips posted 0.76/share EPS, while the average EPS was predicted by analysts to be reported at 0.8/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -5.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ConocoPhillips go to -8.50%.
Insider trade positions for ConocoPhillips [COP]
There are presently around $42,345 million, or 76.00% of COP stock, in the hands of institutional investors. The top three institutional holders of COP stocks are: VANGUARD GROUP INC with ownership of 123,490,704, which is approximately -0.828% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 107,498,010 shares of the stock with an approximate value of $4.38 billion in COP stocks shares; and STATE STREET CORP, currently with $2.96 billion in COP stock with ownership of nearly 2.538% of the company’s market capitalization.
Positions in ConocoPhillips stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 529 institutional holders increased their position in ConocoPhillips [NYSE:COP] by around 72,857,385 shares. Additionally, 816 investors decreased positions by around 69,197,509 shares, while 166 investors held positions by with 898,110,151 shares. The mentioned changes placed institutional holdings at 1,040,165,045 shares, according to the latest SEC report filing. COP stock had 110 new institutional investments in for a total of 4,532,466 shares, while 142 institutional investors sold positions of 4,898,892 shares during the same period.