Market cap of ConocoPhillips [COP] reaches 155.88B – now what?

ConocoPhillips [NYSE: COP] surged by $0.65 during the normal trading session on Monday and reaching a high of $126.40 during the day while it closed the day at $125.14. The company report on September 22, 2022 that ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Thursday, Nov. 3.


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ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Nov. 3, 2022, at 12:00 p.m. Eastern time to discuss third-quarter 2022 financial and operating results. The company’s financial and operating results will be released before the market opens on Nov. 3.

To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the “Register” link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available for replay later the same day, with a transcript available the following day.

ConocoPhillips stock has also gained 5.73% of its value over the past 7 days. However, COP stock has inclined by 39.36% in the 3 months of the year. Over the past six months meanwhile, it has gained 39.56% and gained 77.76% year-on date.

The market cap for COP stock reached $155.88 billion, with 1.29 billion shares outstanding and 1.27 billion shares in the current float. Compared to the average trading volume of 7.05M shares, COP reached a trading volume of 5733134 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $128.25 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.

Jefferies have made an estimate for ConocoPhillips shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 19, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price from $134 to $140. The new note on the price target was released on September 19, 2022, representing the official price target for ConocoPhillips stock. Previously, the target price had yet another raise to $110, while MKM Partners analysts kept a Buy rating on COP stock. On July 19, 2022, analysts decreased their price target for COP shares from 135 to 134.

The Average True Range (ATR) for ConocoPhillips is set at 4.36, with the Price to Sales ratio for COP stock in the period of the last 12 months amounting to 2.38. The Price to Book ratio for the last quarter was 3.22, with the Price to Cash per share for the same quarter was set at 6.57. Price to Free Cash Flow for COP in the course of the last twelve months was 12.35 with Quick ratio for the last quarter at 1.40.

COP stock trade performance evaluation

ConocoPhillips [COP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.73. With this latest performance, COP shares gained by 26.19% in over the last four-week period, additionally plugging by 39.56% over the last 6 months – not to mention a rise of 69.92% 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 67.49, with the RSI for the last a single of trading hit 71.29, and the three-weeks RSI is set at 64.25 for ConocoPhillips [COP]. The present Moving Average for the last 50 days of trading for this stock 111.40, while it was recorded at 122.09 for the last single week of trading, and 100.33 for the last 200 days.

ConocoPhillips [COP]: An insightful look at the core 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.

Earnings per share (EPS) analysis for ConocoPhillips [COP] stock

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 26.21%.

ConocoPhillips [COP]: Insider Ownership positions

There are presently around $128,990 million, or 81.90% of COP stock, in the hands of institutional investors. The top three institutional holders of COP stocks are: VANGUARD GROUP INC with ownership of 112,796,750, which is approximately 1.528% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 101,892,156 shares of the stock with an approximate value of $12.75 billion in COP stocks shares; and STATE STREET CORP, currently with $7.96 billion in COP stock with ownership of nearly -3.632% of the company’s market capitalization.

Positions in ConocoPhillips stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 899 institutional holders increased their position in ConocoPhillips [NYSE:COP] by around 54,345,193 shares. Additionally, 877 investors decreased positions by around 56,416,992 shares, while 317 investors held positions by with 919,999,370 shares. The mentioned changes placed institutional holdings at 1,030,761,555 shares, according to the latest SEC report filing. COP stock had 152 new institutional investments in for a total of 5,071,049 shares, while 100 institutional investors sold positions of 2,580,216 shares during the same period.

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