Scotiabank Predicts Increased Earnings for ConocoPhillips

ConocoPhillips (NYSE:COP) – Equities researchers at Scotiabank upped their FY2025 EPS estimates for ConocoPhillips in a research note issued on Friday, November 28th. Scotiabank analyst P. Cheng now forecasts that the energy producer will earn $6.55 per share for the year, up from their previous estimate of $6.20. The consensus estimate for ConocoPhillips’ current full-year earnings is $8.16 per share.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, November 6th. The energy producer reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.20. The company had revenue of $15.03 billion during the quarter, compared to analyst estimates of $14.51 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.78 EPS.

Several other equities research analysts have also recently commented on the company. Roth Capital dropped their price objective on ConocoPhillips from $108.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Jefferies Financial Group lowered their target price on shares of ConocoPhillips from $129.00 to $120.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Royal Bank Of Canada raised their price target on shares of ConocoPhillips from $113.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, October 13th. UBS Group reduced their price target on shares of ConocoPhillips from $122.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Finally, Morgan Stanley lowered their price objective on shares of ConocoPhillips from $122.00 to $117.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Nineteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.16.

ConocoPhillips Stock Up 1.7%

ConocoPhillips stock opened at $88.55 on Monday. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $108.74. The stock has a fifty day simple moving average of $89.90 and a two-hundred day simple moving average of $91.79. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The firm has a market cap of $109.42 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 2.36 and a beta of 0.58.

Institutional Trading of ConocoPhillips

Several institutional investors have recently made changes to their positions in the business. Howard Hughes Medical Institute purchased a new stake in ConocoPhillips during the 2nd quarter valued at approximately $25,000. Cloud Capital Management LLC purchased a new position in ConocoPhillips during the third quarter valued at $26,000. Bogart Wealth LLC increased its holdings in ConocoPhillips by 136.8% in the 2nd quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after acquiring an additional 182 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in ConocoPhillips in the 3rd quarter valued at $28,000. Finally, Strive Asset Management LLC purchased a new stake in ConocoPhillips in the 3rd quarter worth $28,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insiders Place Their Bets

In other ConocoPhillips news, Director William H. Mcraven purchased 5,768 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were acquired at an average cost of $86.68 per share, with a total value of $499,970.24. Following the completion of the acquisition, the director directly owned 5,768 shares in the company, valued at $499,970.24. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.36 annualized dividend and a yield of 3.8%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.78. ConocoPhillips’s payout ratio is currently 47.52%.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.