Is It Worthwhile For Investors To Follow These Insider Trades On ConocoPhillips (COP)?


ConocoPhillips (NYSE:COP) finished Thursday with a subtraction of -$1.03 to close at $110.06, a downside of -0.93 percent. An average of 7,530,740 shares of common stock have been traded in the last five days. There was a fall of -$5.50 in the past week, and it reached a new high 50 times over the past 12 months. The last 20 days have seen an average of 7,162,775 shares traded, while the 50-day average volume stands at 6,797,398.

COP stock has increased by 1.48% in the last month. The company shares reached their 1-month lowest point of $104.76 on 09/07/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $59.40 and a high of $123.12 in 52 weeks. It has reached a new high 38 times so far this year and achieved 54.12% or $37.88 in price. In spite of this, the price is down -10.61% from the 52-week high.

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Insider Transactions

9 days have passed since ConocoPhillips (COP) last reported insider trading activity. Olds Nicholas G, who is Executive Vice President, most recently acquired $10,950 shares at $116.52 per share on Sep 14. In this transaction, the insider spent $1,275,849. Chairman and CEO, Lance Ryan Michael, disposed of 584,900 shares at a price of $121.21 on Jun 07. The insider now owns more than $70,898,186 worth of shares. Prior to that, Executive Vice President Olds Nicholas G went on to Sale 19,200 shares at $110.51 each on May 25. An amount of $2,121,742 was transacted.

Valuation Metrics

ConocoPhillips (COP) has a trailing price-to-earnings (P/E) ratio of 9.06. The stock’s beta is 1.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.19, the price-to-book (PB) ratio at 2.83, and the price-to-cash flow ratio at 11.34.

The company has a payout ratio of 16.70%. The company’s most recent quarterly dividend payment was $0.46 a share, representing a down of -67.14% from $1.40 last year. Its latest decrease dividend $0.94 reported on Thursday August 4 2022.

Financial Health

The quick ratio of ConocoPhillips for the three months ended March 30 was 1.40, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.32 and a total debt to equity ratio of 0.34 for the quarter ending March 30. Its gross profit as reported stood at $13.82 billion compared to revenue of $48.35 billion.

Earnings Surprise

For the three-month period that ended March 30, ConocoPhillips had $16.3 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $5.14 billion in the quarter, while revenues of $5.76 billion were grew 59.36%. The analyst consensus anticipated ConocoPhillips’s latest quarter earnings to come in at $3.03 per share, but it turned out to be $3.27, a 7.90% surprise. For the quarter, EBITDA amounted to $9.73 billion. Shareholders own equity worth $1.27 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at ConocoPhillips (COP) price momentum. RSI 9-day as of the close on 22 September was 47.02%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.24%.

As of today, COP’s price is $111.84 -4.76% or -$5.50 from its 5-day moving average. COP is currently trading -0.42% lower than its 20-day SMA and +15.22% higher than its 100-day SMA. However, the stock’s current price level is +32.43% above the SMA50 and +51.16% above the SMA200.

The stochastic %K and %D were 46.32% and 52.56%, respectively, and the average true range (ATR) was 3.71. With the 14-day stochastic at 38.88% and the average true range at 3.72, the RSI (14) stands at 52.40%. The stock has reached -2.17 on the 9-day MACD Oscillator while the 14-day reading was at -0.72.

Analyst Ratings

BofA Securities reiterated its a Buy rating on ConocoPhillips (NYSE: COP), but raised their price target to $134, indicating a potential price increase of 17.87% for the stock. The consensus rating for ConocoPhillips (COP) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell COP, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 20 others rate it as a “buy”.


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