Equities analysts expect ConocoPhillips (NYSE:COP) to report sales of $8.52 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for ConocoPhillips’ earnings. The highest sales estimate is $8.97 billion and the lowest is $7.85 billion. ConocoPhillips posted sales of $7.77 billion in the same quarter last year, which suggests a positive year over year growth rate of 9.7%. The business is expected to issue its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that ConocoPhillips will report full-year sales of $8.52 billion for the current fiscal year, with estimates ranging from $30.05 billion to $39.74 billion. For the next year, analysts expect that the firm will post sales of $34.01 billion per share, with estimates ranging from $31.90 billion to $36.58 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow ConocoPhillips.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 1st. The energy producer reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The business had revenue of $8.74 billion during the quarter, compared to the consensus estimate of $7.70 billion. ConocoPhillips had a negative net margin of 2.04% and a positive return on equity of 2.81%. During the same quarter in the prior year, the firm earned ($0.26) EPS.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of ConocoPhillips by 1.9% during the second quarter. Vanguard Group Inc. now owns 90,547,596 shares of the energy producer’s stock worth $3,980,473,000 after buying an additional 1,694,618 shares during the period. Geode Capital Management LLC increased its position in shares of ConocoPhillips by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 12,943,419 shares of the energy producer’s stock worth $709,009,000 after buying an additional 192,419 shares during the period. First Eagle Investment Management LLC increased its position in shares of ConocoPhillips by 3.0% during the third quarter. First Eagle Investment Management LLC now owns 10,608,598 shares of the energy producer’s stock worth $530,960,000 after buying an additional 309,683 shares during the period. Ameriprise Financial Inc. increased its position in shares of ConocoPhillips by 4.9% during the third quarter. Ameriprise Financial Inc. now owns 8,805,037 shares of the energy producer’s stock worth $440,689,000 after buying an additional 407,471 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of ConocoPhillips by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 8,555,478 shares of the energy producer’s stock worth $428,199,000 after buying an additional 26,579 shares during the period. 71.27% of the stock is owned by hedge funds and other institutional investors.
ConocoPhillips (NYSE COP) opened at $53.96 on Wednesday. The company has a market cap of $64,296.40, a P/E ratio of 74.99, a P/E/G ratio of 1.64 and a beta of 1.33. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.76 and a quick ratio of 1.64. ConocoPhillips has a 52 week low of $42.26 and a 52 week high of $61.31.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Monday, February 12th were paid a dividend of $0.285 per share. The ex-dividend date was Friday, February 9th. This represents a $1.14 annualized dividend and a dividend yield of 2.11%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.27. ConocoPhillips’s dividend payout ratio (DPR) is presently -228.00%.
ConocoPhillips declared that its board has initiated a stock buyback plan on Thursday, February 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the energy producer to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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