ConocoPhillips Announces Quarterly Dividend of $0.69 (COP)
ConocoPhillips (NYSE:COP) announced a quarterly dividend on Wednesday, February 5th, Stock Ratings Network reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.69 per share on Monday, March 3rd. This represents a $2.76 annualized dividend and a dividend yield of 4.33%.
COP has been the subject of a number of recent research reports. Analysts at Howard Weil cut their price target on shares of ConocoPhillips to $73.00 in a research note to investors on Friday, January 31st. On the ratings front, analysts at Cowen and Company cut their price target on shares of ConocoPhillips from $79.00 to $72.00 in a research note to investors on Friday, January 31st. Finally, analysts at TheStreet reiterated a “positive” rating on shares of ConocoPhillips in a research note to investors on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. ConocoPhillips has an average rating of “Buy” and an average target price of $74.57.
Shares of ConocoPhillips (NYSE:COP) traded down 0.74% on Wednesday, hitting $63.24. The stock had a trading volume of 3,143,104 shares. ConocoPhillips has a 52-week low of $56.38 and a 52-week high of $74.59. The stock has a 50-day moving average of $68.27 and a 200-day moving average of $69.54. The company has a market cap of $77.475 billion and a price-to-earnings ratio of 8.63.
ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, January 30th. The company reported $1.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.31 by $0.09. On average, analysts predict that ConocoPhillips will post $6.05 earnings per share for the current fiscal year.
ConocoPhillips explores for, produces, transports and markets crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis.
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