Conoco Phillips (NYSE: COP) on November 20, 2023, started off the session at the price of $114.99, soaring 0.70% from the previous trading day. During the day, the shares moved up to $116.575 and dropped to $114.59 before settling in for the closing price of $114.59. Within the past 52 weeks, COP’s price has moved between $89.98 and $127.53.
Annual sales at Energy sector company grew by 37.67% over the past five years. The company achieved an average annual earnings per share of -33.51%. With a float of $1.19 billion, this company’s outstanding shares have now reached $1.22 billion.
Let’s look at the performance matrix of the company that is accounted for 9500 employees. In terms of profitability, gross margin is +37.70, operating margin of +32.63, and the pretax margin is +35.92.
Conoco Phillips (COP) Insider and Institutional Ownership
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Conoco Phillips is 0.10%, while institutional ownership is 82.92%. The most recent insider transaction that took place on Nov 09, was worth 5,044,200. In this transaction Director of this company sold 44,000 shares at a rate of $114.64, taking the stock ownership to the 578,748 shares. Before that another transaction happened on Sep 27, when Company’s Senior Vice President sold 30,800 for $123.83, making the entire transaction worth $3,813,825. This insider now owns 5,937 shares in total.
Conoco Phillips (COP) Latest Financial update
As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $2.16 earnings per share (EPS) for the period topping the consensus outlook (set at $2.08) by $0.08. This company achieved a net margin of +23.69 while generating a return on equity of 39.87. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.61 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -33.51% per share during the next fiscal year.
Conoco Phillips (NYSE: COP) Trading Performance Indicators
Conoco Phillips (COP) is currently performing well based on its current performance indicators. A quick ratio of 1.53 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.30. Likewise, its price to free cash flow for the trailing twelve months is 13.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.15, a number that is poised to hit 2.59 in the next quarter and is forecasted to reach 10.53 in one year’s time.
Technical Analysis of Conoco Phillips (COP)
Conoco Phillips (NYSE: COP) saw its 5-day average volume 5.35 million, a negative change from its year-to-date volume of 5.69 million. As of the previous 9 days, the stock’s Stochastic %D was 55.23%. Additionally, its Average True Range was 2.70.
During the past 100 days, Conoco Phillips’s (COP) raw stochastic average was set at 57.29%, which indicates a significant increase from 40.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.09% in the past 14 days, which was higher than the 25.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $119.58, while its 200-day Moving Average is $110.08. Nevertheless, the first resistance level for the watch stands at $116.45 in the near term. At $117.50, the stock is likely to face the second major resistance level. The third major resistance level sits at $118.43. If the price goes on to break the first support level at $114.46, it is likely to go to the next support level at $113.53. The third support level lies at $112.48 if the price breaches the second support level.
Conoco Phillips (NYSE: COP) Key Stats
Market capitalization of the company is 137.02 billion based on 1,187,408K outstanding shares. Right now, sales total 82,156 M and income totals 18,680 M. The company made 14,866 M in profit during its latest quarter, and 2,798 M in sales during its previous quarter.