ConocoPhillips (COP) To Go Ex-Dividend on November 16th

ConocoPhillips (NYSE:COP) declared a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 16th will be paid a dividend of $0.93 per share by the energy producer on Tuesday, December 1st. This represents a $3.72 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, November 16th. This is a 10.7% increase from ConocoPhillips’s previous quarterly dividend of $0.84.

ConocoPhillips has raised its dividend by an average of 0.1% per year over the last three years. ConocoPhillips has a dividend payout ratio of 47.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ConocoPhillips to earn $11.17 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 30.1%.

ConocoPhillips Trading Up 0.7%

Shares of COP stock opened at $136.38 on Friday. The stock has a market capitalization of $163.84 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 1.43 and a beta of 0.16. ConocoPhillips has a fifty-two week low of $85.59 and a fifty-two week high of $154.28. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. The company has a 50 day moving average price of $136.92 and a 200 day moving average price of $122.10.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, November 5th. The energy producer reported $3.27 earnings per share for the quarter, topping the consensus estimate of $3.05 by $0.22. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%. The company had revenue of $19.43 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. The company’s revenue was up 29.2% compared to the same quarter last year. Equities research analysts predict that ConocoPhillips will post 11.81 EPS for the current fiscal year.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Strong Q3 results: ConocoPhillips reported adjusted earnings of $3.27 per share, above estimates, as higher realized commodity prices helped more than double earnings year over year. Revenue also topped expectations, and operating cash flow reached $7.2 billion. Article: ConocoPhillips Q3 Earnings Beat Estimates on Higher Commodity Prices
• Positive Sentiment: Higher shareholder payout and cash-flow ambitions: The company increased its quarterly dividend about 11%, to $0.93 per share. Management also reiterated a plan for roughly $7 billion in additional free cash flow by 2029, supported by lower capital spending, production growth and shareholder returns. Article: Is ConocoPhillips a Buy After Its Latest Earnings Report?
• Positive Sentiment: Willow project progress: The Alaska project is approaching a key milestone, with drilling targeted for 2027, supporting the company’s future production outlook. Article: ConocoPhillips eyes Willow drilling in 2027 as Alaska project reaches key milestone
• Neutral Sentiment: Analyst view remains favorable, but one target was trimmed: Wells Fargo lowered its price target from $189 to $185 while retaining an Overweight rating. Article: Wells Fargo recommendations
• Negative Sentiment: Production and price sensitivity: Output declined in the quarter, even as higher oil prices boosted results. That leaves earnings and cash returns exposed if commodity prices retreat. ETFs were also net sellers of about $22.9 million of COP shares on Nov. 4, a modest near-term pressure. Article: ETFs Are Net Sellers of ConocoPhillips

About ConocoPhillips

ConocoPhillips is an independent exploration and production company focused on finding, developing and producing oil and natural gas. Its products include crude oil, natural gas, liquefied natural gas and natural gas liquids.

The company operates in several regions, including North America, Europe, the Middle East, North Africa and the Asia-Pacific. Its activities span exploration, development and production, with a portfolio that includes both conventional and unconventional resources.

ConocoPhillips was formed in 2002 through the merger of Conoco and Phillips Petroleum.