Analysts Set Expectations for ConocoPhillips Q4 Earnings

ConocoPhillips (NYSE:COP) – Analysts at Capital One Financial increased their Q4 2024 earnings per share estimates for ConocoPhillips in a research note issued to investors on Wednesday, January 8th. Capital One Financial analyst P. Johnston now anticipates that the energy producer will post earnings of $1.72 per share for the quarter, up from their previous estimate of $1.68. The consensus estimate for ConocoPhillips’ current full-year earnings is $7.77 per share. Capital One Financial also issued estimates for ConocoPhillips’ Q1 2025 earnings at $1.76 EPS, Q2 2025 earnings at $1.89 EPS, Q3 2025 earnings at $1.98 EPS, Q4 2025 earnings at $2.02 EPS, FY2025 earnings at $7.66 EPS and FY2026 earnings at $7.06 EPS.

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

Other analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their price target on shares of ConocoPhillips from $123.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Piper Sandler cut their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Mizuho raised shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $132.00 to $134.00 in a research note on Monday, December 16th. Morgan Stanley initiated coverage on ConocoPhillips in a research report on Monday, December 16th. They set an “overweight” rating and a $128.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised ConocoPhillips from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $120.00 to $123.00 in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $136.71.

ConocoPhillips Trading Up 0.3 %

NYSE COP opened at $101.93 on Monday. 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 fifty-two week low of $94.23 and a fifty-two week high of $135.18. The stock has a market cap of $117.31 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 0.83 and a beta of 1.19. The stock has a 50 day simple moving average of $104.39 and a two-hundred day simple moving average of $107.70.

Institutional Trading of ConocoPhillips

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Values First Advisors Inc. purchased a new position in ConocoPhillips during the third quarter valued at $26,000. Reston Wealth Management LLC purchased a new position in shares of ConocoPhillips in the third quarter valued at $31,000. Truvestments Capital LLC bought a new stake in ConocoPhillips in the third quarter worth $31,000. Fairway Wealth LLC raised its stake in ConocoPhillips by 95.6% during the second quarter. Fairway Wealth LLC now owns 313 shares of the energy producer’s stock valued at $36,000 after purchasing an additional 153 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in ConocoPhillips during the third quarter valued at $35,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

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 issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio (DPR) is presently 37.10%.

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.