ConocoPhillips [COP] Revenue clocked in at $53.76 billion, up 63.11% YTD: What’s Next?

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ConocoPhillips [NYSE: COP] stock went on a downward path that fall over -0.63% on Monday, amounting to a one-week price increase of more than 2.43%. The company report on May 5, 2022 that ConocoPhillips Reports First-Quarter 2022 Results; Announces Increase in Planned 2022 Return of Capital to $10 Billion and Declares Quarterly Dividend and Variable Return of Cash Distribution.


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ConocoPhillips (NYSE: COP) today reported first-quarter 2022 earnings of $5.8 billion, or $4.39 per share, compared with first-quarter 2021 earnings of $1.0 billion, or $0.75 per share. Excluding special items, first-quarter 2022 adjusted earnings were $4.3 billion, or $3.27 per share, compared with first-quarter 2021 adjusted earnings of $0.9 billion, or $0.69 per share. Special items for the current quarter were primarily comprised of a tax benefit related to closure of an audit, a gain associated with the Indonesia divestiture and a gain on Cenovus Energy (CVE) equity.

In addition, ConocoPhillips today announced a $2 billion increase in expected 2022 returns of capital to $10 billion. The company declared both an ordinary dividend of 46 cents per share and a third-quarter variable return of cash (VROC) payment of 70 cents per share.

Over the last 12 months, COP stock rose by 97.39%. The one-year ConocoPhillips stock forecast points to a potential upside of 5.92. The average equity rating for COP stock is currently 1.90, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $147.76 billion, with 1.30 billion shares outstanding and 1.29 billion shares in the current float. Compared to the average trading volume of 8.07M shares, COP stock reached a trading volume of 5599081 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on ConocoPhillips [COP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COP shares is $124.76 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 1.90. 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.

BofA Securities have made an estimate for ConocoPhillips shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 08, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $95 to $114. The new note on the price target was released on February 04, 2022, representing the official price target for ConocoPhillips stock. Previously, the target price had yet another raise from $111 to $115, while Truist kept a Buy rating on COP stock. On February 04, 2022, analysts increased their price target for COP shares from 100 to 110.

The Average True Range (ATR) for ConocoPhillips is set at 4.33, with the Price to Sales ratio for COP stock in the period of the last 12 months amounting to 2.75. The Price to Book ratio for the last quarter was 3.11, with the Price to Cash per share for the same quarter was set at 5.68. Price to Free Cash Flow for COP in the course of the last twelve months was 16.64 with Quick ratio for the last quarter at 1.40.

COP Stock Performance Analysis:

ConocoPhillips [COP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.43. With this latest performance, COP shares gained by 14.12% in over the last four-week period, additionally plugging by 66.02% over the last 6 months – not to mention a rise of 97.39% 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 67.38, with the RSI for the last a single of trading hit 70.98, and the three-weeks RSI is set at 64.52 for ConocoPhillips [COP]. The present Moving Average for the last 50 days of trading for this stock 103.04, while it was recorded at 115.71 for the last single week of trading, and 83.54 for the last 200 days.

Insight into ConocoPhillips Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and ConocoPhillips [COP] shares currently have an operating margin of +26.87 and a Gross Margin at +31.98. ConocoPhillips’s Net Margin is presently recorded at +17.54.

Return on Equity for this stock inclined to 21.47, with Return on Assets sitting at 10.54.

ConocoPhillips’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.50.

COP Stock EPS

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 15.28%.

ConocoPhillips [COP] Insider Position Details

There are presently around $122,572 million, or 81.30% of COP stock, in the hands of institutional investors. The top three institutional holders of COP stocks are: VANGUARD GROUP INC with ownership of 111,099,502, which is approximately 1.043% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 107,537,783 shares of the stock with an approximate value of $12.7 billion in COP stocks shares; and STATE STREET CORP, currently with $7.8 billion in COP stock with ownership of nearly -1.837% of the company’s market capitalization.

Positions in ConocoPhillips stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 935 institutional holders increased their position in ConocoPhillips [NYSE:COP] by around 75,159,055 shares. Additionally, 851 investors decreased positions by around 60,212,731 shares, while 265 investors held positions by with 902,320,170 shares. The mentioned changes placed institutional holdings at 1,037,691,956 shares, according to the latest SEC report filing. COP stock had 282 new institutional investments in for a total of 14,453,770 shares, while 91 institutional investors sold positions of 4,191,361 shares during the same period.

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