Market cap of ConocoPhillips [COP] reaches 149.82B – now what?

ConocoPhillips [NYSE: COP] stock went on a downward path that fall over -2.30% on Monday, amounting to a one-week price decrease of less than -3.61%. The company report on November 29, 2022 that ConocoPhillips and QatarEnergy Agree to Provide Reliable LNG Supply to Germany.

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ConocoPhillips (NYSE: COP) and QatarEnergy today announced the signing of two agreements to supply long-term liquefied natural gas (LNG) to Germany. The suppliers are joint venture companies established between ConocoPhillips and QatarEnergy to participate in the North Field East (NFE) and North Field South (NFS) projects, and the buyer is a wholly owned subsidiary of ConocoPhillips. First delivery is expected in 2026 to the recently announced German LNG Terminal at Brunsbüttel.

His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, and President and CEO of QatarEnergy, and Ryan Lance, chairman and chief executive officer of ConocoPhillips, signed the LNG sale and purchase agreements during a special ceremony held at QatarEnergy’s headquarters in Doha in the presence of senior executives from both companies.

Over the last 12 months, COP stock rose by 72.59%. The one-year ConocoPhillips stock forecast points to a potential upside of 14.0. 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 $149.82 billion, with 1.27 billion shares outstanding and 1.22 billion shares in the current float. Compared to the average trading volume of 7.28M shares, COP stock reached a trading volume of 5469611 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 $138.81 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.

Societe Generale have made an estimate for ConocoPhillips shares, keeping their opinion on the stock as Sell, with their previous recommendation back on November 21, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on October 19, 2022, representing the official price target for ConocoPhillips stock. Previously, the target price had yet another raise from $134 to $140, while BofA Securities kept a Buy rating on COP stock.

The Average True Range (ATR) for ConocoPhillips is set at 4.45, with the Price to Sales ratio for COP stock in the period of the last 12 months amounting to 2.00. The Price to Book ratio for the last quarter was 3.08, with the Price to Cash per share for the same quarter was set at 8.30. Price to Free Cash Flow for COP in the course of the last twelve months was 10.36 with Quick ratio for the last quarter at 1.40.

COP Stock Performance Analysis:

ConocoPhillips [COP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.61. With this latest performance, COP shares dropped by -10.80% in over the last four-week period, additionally plugging by 3.96% over the last 6 months – not to mention a rise of 72.59% 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 39.72, with the RSI for the last a single of trading hit 31.54, and the three-weeks RSI is set at 44.71 for ConocoPhillips [COP]. The present Moving Average for the last 50 days of trading for this stock 122.26, while it was recorded at 122.47 for the last single week of trading, and 106.08 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 27.00%.

ConocoPhillips [COP] Insider Position Details

There are presently around $122,468 million, or 83.40% of COP stock, in the hands of institutional investors. The top three institutional holders of COP stocks are: VANGUARD GROUP INC with ownership of 113,171,744, which is approximately 0.332% of the company’s market cap and around 0.14% of the total institutional ownership; BLACKROCK INC., holding 96,687,431 shares of the stock with an approximate value of $11.54 billion in COP stocks shares; and STATE STREET CORP, currently with $7.25 billion in COP stock with ownership of nearly -4.485% 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 890 institutional holders increased their position in ConocoPhillips [NYSE:COP] by around 46,928,768 shares. Additionally, 890 investors decreased positions by around 49,892,511 shares, while 335 investors held positions by with 929,128,248 shares. The mentioned changes placed institutional holdings at 1,025,949,527 shares, according to the latest SEC report filing. COP stock had 138 new institutional investments in for a total of 3,250,317 shares, while 103 institutional investors sold positions of 3,838,112 shares during the same period.

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