ConocoPhillips (NYSE:COP) Declares $0.84 Quarterly Dividend

ConocoPhillips (NYSE:COP – Get Free Report) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, August 17th will be given a dividend of 0.84 per share by the energy producer on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 17th.

ConocoPhillips has raised its dividend by an average of 0.1%annually over the last three years. ConocoPhillips has a dividend payout ratio of 47.7% meaning its dividend is sufficiently covered by earnings. Analysts expect ConocoPhillips to earn $8.14 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 41.3%.

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ConocoPhillips Price Performance

Shares of ConocoPhillips stock traded up $1.52 on Thursday, hitting $116.56. The company’s stock had a trading volume of 8,120,114 shares, compared to its average volume of 8,561,518. The company has a market capitalization of $142.01 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 1.42 and a beta of 0.11. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $135.87. The firm has a fifty day moving average price of $112.98 and a 200-day moving average price of $115.46. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP – Get Free Report) last posted its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.During the same period last year, the company posted $1.42 EPS. The company’s quarterly revenue was up 32.4% compared to the same quarter last year. On average, equities research analysts expect that ConocoPhillips will post 9.2 earnings per share for the current fiscal year.

ConocoPhillips Company Profile

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ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.

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