Let’s look at the key reasons that are pushing Conoco Phillips (COP) to new highs

Conoco Phillips (NYSE: COP) on Friday, soared 0.18% from the previous trading day, before settling in for the closing price of $104.37. Within the past 52 weeks, COP’s price has moved between $101.29 and $134.71.

Over the past five-year period, the growth rate of yearbook sales for the company of the Energy sector was 26.88%. The company achieved an average annual earnings per share of -12.48%. With a float of $1.16 billion, this company’s outstanding shares have now reached $1.18 billion.

Considering the fact that the conglomerate employs 9900 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 31.48%, operating margin of 33.05%, and the pretax margin is 28.1%.

Conoco Phillips (COP) Breakdown of a Key Holders of the stock

Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Conoco Phillips is 0.09%, while institutional ownership is 83.26%. The most recent insider transaction that took place on Aug 13 ’24, was worth 6,000,255. In this transaction Director of this company sold 55,500 shares at a rate of $108.11, taking the stock ownership to the 455,909 shares. Before that another transaction happened on Aug 13 ’24, when Company’s Affiliate proposed sale 66,757 for $110.03, making the entire transaction worth $7,345,273.

Conoco Phillips (COP) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -12.48% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.50% during the next five years compared to 11.22% growth over the previous five years of trading.

Conoco Phillips (NYSE: COP) Trading Performance Indicators

Conoco Phillips (COP) is currently performing well based on its current performance indicators. A quick ratio of 1.19 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 2.16. Likewise, its price to free cash flow for the trailing twelve months is 13.06.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.98, a number that is poised to hit 1.65 in the next quarter and is forecasted to reach 8.19 in one year’s time.

Technical Analysis of Conoco Phillips (COP)

Compared to the last year’s volume of 5.89 million, its volume of 4.19 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 17.98%. Additionally, its Average True Range was 2.10.

During the past 100 days, Conoco Phillips’s (COP) raw stochastic average was set at 19.09%, which indicates a significant increase from 11.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.44% in the past 14 days, which was lower than the 22.60% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $108.41, while its 200-day Moving Average is $114.45. Nevertheless, the first resistance level for the watch stands at $105.24 in the near term. At $105.93, the stock is likely to face the second major resistance level. The third major resistance level sits at $106.42. If the price goes on to break the first support level at $104.06, it is likely to go to the next support level at $103.57. Now, if the price goes above the second support level, the third support stands at $102.88.

Conoco Phillips (NYSE: COP) Key Stats

Market capitalization of the company is 121.42 billion based on 1,169,534K outstanding shares. Right now, sales total 58,574 M and income totals 10,957 M. The company made 14,136 M in profit during its latest quarter, and 2,322 M in sales during its previous quarter.