ConocoPhillips (NYSE:COP) Sets New 12-Month Low – Here’s What Happened

04 Apr 2025, 19:06 by Sarita Garza · The Markets Daily

ConocoPhillips (NYSE:COP – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $86.74 and last traded at $89.08, with a volume of 3703211 shares changing hands. The stock had previously closed at $95.25.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research note on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Mizuho raised shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $132.00 to $134.00 in a research note on Monday, December 16th. Wells Fargo & Company reduced their price objective on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, Piper Sandler decreased their price objective on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $132.95.

Get Our Latest Stock Report on ConocoPhillips

ConocoPhillips Stock Down 9.8 %

The stock has a 50-day simple moving average of $98.85 and a 200-day simple moving average of $103.27. The company has a market cap of $108.67 billion, a price-to-earnings ratio of 11.01, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips’s dividend payout ratio is presently 40.05%.

Institutional Investors Weigh In On ConocoPhillips

A number of institutional investors and hedge funds have recently modified their holdings of COP. Albion Financial Group UT lifted its holdings in shares of ConocoPhillips by 876.9% during the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock valued at $25,000 after purchasing an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of ConocoPhillips in the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC purchased a new stake in shares of ConocoPhillips in the 4th quarter valued at approximately $27,000. 10Elms LLP purchased a new position in ConocoPhillips during the 4th quarter worth approximately $28,000. Finally, Crowley Wealth Management Inc. purchased a new position in ConocoPhillips during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Company Profile

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