Scotiabank Comments on ConocoPhillips FY2026 Earnings

ConocoPhillips (NYSE:COP) – Stock analysts at Scotiabank issued their FY2026 earnings estimates for ConocoPhillips in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst P. Cheng anticipates that the energy producer will earn $7.05 per share for the year. Scotiabank currently has a “Sector Perform” rating and a $115.00 target price on the stock. The consensus estimate for ConocoPhillips’ current full-year earnings is $7.77 per share.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.16 earnings per share.

A number of other research analysts have also commented on COP. Truist Financial cut their price objective on shares of ConocoPhillips from $145.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Wells Fargo & Company increased their price target on shares of ConocoPhillips from $131.00 to $134.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. BMO Capital Markets increased their price target on shares of ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Barclays increased their price target on shares of ConocoPhillips from $135.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Evercore ISI reissued an “outperform” rating and issued a $165.00 price target on shares of ConocoPhillips in a research report on Friday, December 6th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $136.71.

ConocoPhillips Stock Up 0.3 %

Shares of COP opened at $101.93 on Friday. The company has a 50-day simple moving average of $104.39 and a 200-day simple moving average of $107.74. The firm has a market capitalization of $117.31 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.83 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. ConocoPhillips has a 52 week low of $94.23 and a 52 week high of $135.18.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 11th were paid a dividend of $0.78 per share. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a dividend yield of 3.06%. The ex-dividend date was Friday, November 8th. ConocoPhillips’s dividend payout ratio is 37.10%.

Insider Activity

In related news, Director R A. Walker purchased 10,400 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the purchase, the director now directly owns 38,000 shares of the company’s stock, valued at $3,716,400. This trade represents a 37.68 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arjun N. Murti acquired 2,500 shares of ConocoPhillips stock in a transaction on Friday, December 20th. The stock was acquired at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the purchase, the director now owns 21,500 shares of the company’s stock, valued at approximately $2,061,205. The trade was a 13.16 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On ConocoPhillips

A number of hedge funds and other institutional investors have recently bought and sold shares of COP. Acadian Asset Management LLC boosted its stake in ConocoPhillips by 5,787.6% in the second quarter. Acadian Asset Management LLC now owns 24,728 shares of the energy producer’s stock valued at $2,827,000 after acquiring an additional 24,308 shares during the last quarter. MGO One Seven LLC boosted its position in shares of ConocoPhillips by 6.4% during the second quarter. MGO One Seven LLC now owns 19,849 shares of the energy producer’s stock worth $2,270,000 after purchasing an additional 1,194 shares in the last quarter. AdvisorShares Investments LLC bought a new position in shares of ConocoPhillips during the second quarter worth $410,000. LPL Financial LLC boosted its position in shares of ConocoPhillips by 10.0% during the second quarter. LPL Financial LLC now owns 990,552 shares of the energy producer’s stock worth $113,299,000 after purchasing an additional 90,051 shares in the last quarter. Finally, Qsemble Capital Management LP boosted its position in shares of ConocoPhillips by 180.0% during the second quarter. Qsemble Capital Management LP now owns 32,604 shares of the energy producer’s stock worth $3,729,000 after purchasing an additional 20,959 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

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.