A Look At Insider Reactions To ConocoPhillips (COP)


As of Wednesday close, ConocoPhillips’s (NYSE:COP) stock was down -$3.24, moving down -2.49 percent to $126.74. The average number of shares traded per day over the past five days has been 6,224,820 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.50 fall in that time frame. In the last twenty days, the average volume was 7,447,170, while in the previous 50 days, it was 7,504,898.

Since last month, COP stock rose 2.26%. Shares of the company fell to $121.81 on 11/21/22, the lowest level in the past month. A 52-week high of $138.49 was reached on 11/04/22 after having rallying from a 52-week low of $64.25. Since the beginning of this year, COP’s stock price has risen by 80.03% or $54.56, and marked a new high 45 times. However, the stock has declined by -8.48% since its 52-week high.

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COP stock investors should be aware that ConocoPhillips (COP) stock had its last reported insider trading activity 17 days ago on Nov 08. Olds Nicholas G, the Executive Vice President of the company, disposed of 10,950 shares for $134.90 on Nov 08. It resulted in a $1,477,183 divestment by the insider. Rose Kelly Brunetti sold 2,374 shares at an average price of $135.63 on Nov 07. The insider now owns 0 shares following the transaction. On Sep 14, Executive Vice President Olds Nicholas G sold 10,950 shares at $116.52 apiece. The transaction was valued at $1,275,849.

Valuation Metrics

Right now, ConocoPhillips (COP) has a P/E ratio of about 9.10. The stock’s beta is 1.34. Besides these, the trailing price-to-sales (P/S) ratio of 2.15, the price-to-book (PB) ratio of 3.27, and the price-to-cash flow ratio of 11.14 may also be considered.

The latest dividend of $0.51 per share was paid out, which is 10.87% more than last year’s $0.46. On Thursday November 3 2022, a $0.05 dividend increase was announced.

Financial Health

In the three months ended June 29, ConocoPhillips’s quick ratio stood at 1.40, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.33, and the total debt-to-equity ratio was 0.35. On the profitability front, the trailing twelve-month gross margin is 48.90% percent. In the year ended June 29, operating margins totaled 34.20%. Based on annual data, COP earned $13.82 billion in gross profit and brought in $48.35 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 10.80%. Return on equity (ROE) for the past 12 months was 37.30%.

In ConocoPhillips’s quarter-end financial report for June 29, it reported total debt of $16.3 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. COP’s revenue rose 44.72% to $21.16 billion during the quarter, while net income inched up to $21.01 billion. While analysts expected ConocoPhillips to report $3.8 quarterly earnings, the actual figure was $3.91 per share, beating the consensus estimate by 2.90%. During the quarter, the company generated $9.54 billion in EBITDA. The liabilities of ConocoPhillips were 45.76 billion at the end of its most recent quarter ended June 29, and its total debt was $16.97 billion. The value of shareholders’ equity is $1.25 billion.

Technical Picture

This quick technical analysis looks at ConocoPhillips’s (COP) price momentum. With a historical volatility rate of 39.83%, the RSI 9-day stood at 45.97% on 23 November.

With respect to its five-day moving average, the current ConocoPhillips price is down by -1.93% percent or -$2.50. At present, COP shares trade +0.13% above its 20-day simple moving average and +49.74% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.67% above its SMA50 and +38.77% above its SMA200.

Stochastic coefficient K was 33.53% and Stochastic coefficient D was 32.72%, while ATR was 4.90. Given the Stochastic reading of 29.56% for the 14-day period, the RSI (14) reading has been calculated as 49.85%. As of today, the MACD Oscillator reading stands at -2.85, while the 14-day reading stands at -3.22.

Analyst Ratings

ConocoPhillips downgraded its rating on ConocoPhillips (NYSE: COP) to a Sell in a note to investors on November 21, 2022. The analysts firm previously had a Hold rating on the stock.ConocoPhillips (COP) has been rated Buy by analysts. According to 1 brokerage firm, COP is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate ConocoPhillips stock as buy, with 22 recommending it as overweight.

With a median target price of $141.50, the current consensus forecast for the stock is $104.00 – $167.00. Based on these forecasts, analysts predict ConocoPhillips (COP) will achieve an average price target of $140.77.


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