How to Buy Conocophillips Stock
Conocophillips
Conocophillips is a oil and gas company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker COP on the NYSE exchange.
Conocophillips stock last closed at $129.84, up 0.39% from the previous day, and has increased 25.27% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.07 percentage points. Conocophillips stock is currently +35.67% from its 52-week low of $95.70, and -3.95% from its 52-week high of $135.18.
As of Apr 23, 2024, there are 1.18B shares of COP outstanding. The market cap of COP is $152.74B. In the last 24 hours, 3.76M COP shares were traded.
How to Buy Conocophillips Stock
Wondering how to invest in Conocophillips stock? Here's how.
- Choose where to buy Conocophillips stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Conocophillips stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Select your method of payment and add your info.
- Evaluate Conocophillips stock: The Conocophillips ticker symbol is COP. Is Conocophillips stock a good investment? Should you buy shares of COP? How do COP's underlying business fundamentals look? Do top analysts think Conocophillips is a good buy? Why has COP's stock price moved recently? (Hint: Our stock research tools can help you decide if COP is a good stock to buy).
- Execute your COP buy order: Decide if you will purchase COP shares at the current market price or use a limit order to buy COP stock at a specific price.
- Get the latest news on your investment in COP: Create a watchlist to key updates about your position in Conocophillips stock.
Step 1: Choose where to buy Conocophillips stock
You need a brokerage account to access the NYSE market and buy COP shares.
Our preferred brokerage: eToro
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Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal details so you can buy COP stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new trading account.
- Send your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have finished signing up on the best stock broker app, you can securely and quickly fund your account:
Watch the tutorial below for more details transferring money into your brokerage account.
Step 4: Evaluate Conocophillips stock
After you have figured out the best place to buy Conocophillips stock, it's important to analyze their stock before you buy, so you truly comprehend the risk and opportunity.
Conocophillips Metrics
COP Fundamentals
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on COP's stock page.
What is the fair value of COP stock?
Investors use many financial metrics, analyses, models, and charts to gauge COP's intrinsic value.
Using relative valuations ratios:
- COP could be overvalued based on its P/E ratio of 14.3x, relative to Oil & Gas E&P industry P/E ratio of 13.45x
- COP may be overvalued based on its P/B ratio of 3.1x, relative to Oil & Gas E&P industry P/B ratio of 2.15x
- COP could be undervalued based on its PEG ratio of 0.56x
You can do more valuation research on COP's stock here.
COP Financial Health Overview
Passed Health Checks:
- COP earnings of $17.07B is not sufficient to cover its interest payments.
- There are more short-term assets than short-term liabilities on the COP balance sheet.
- COP's operating cash flow of $19.97B allows it to safely service it's debt of $18.94B.
- Total COP debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- COP has a relatively high debt to equity ratio of 0.95.
- There are more long-term liabilities than short-term assets on the COP balance sheet.
- COP profit margin has gone down from 22.7% to 18.7% in the past year.
Do Wall Street analysts think it's a good time to buy COP stock
Out of 12 Wall Street analysts who give recommendations on COP, the consensus analyst rating on COP is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Most Recent COP Analyst Upgrades/Downgrades
Neal Dingmann, a top 1% analyst from Truist Securities maintains COP with a strong buy rating and lowers their COP price target from $173.00 to $170.00, on Apr 5, 2024.
Devin McDermott, a top 2% analyst from Morgan Stanley maintains COP with a strong buy rating and raises their COP price target from $123.00 to $129.00, on Mar 28, 2024.
Morgan Stanley's Devin McDermott raised their price target on Conocophillips (NYSE: COP) by 4.9% from $123 to $129 on 2024/03/28. The analyst maintained their Strong Buy rating on the stock.
In an Energy (Exploration & Production and Integrated Oil) sector review note, McDermott said the sector is benefiting from a more favorable macro background, prompting energy equities to gain ground in the market.
Looking ahead, factors expected to drive Conocophillips' momentum, according to the analyst, include:
- Values that are still 2x the historic discount compared to the S&P.
- High free-cash-flow yields.
- Positive earnings revisions.
Nitin Kumar, a top 1% analyst from Mizuho reiterates COP with a hold rating and raises their COP price target from $132.00 to $139.00, on Mar 22, 2024.
Josh Silverstein, a top 15% analyst from UBS maintains COP with a strong buy rating and raises their COP price target from $138.00 to $143.00, on Feb 14, 2024.
John Freeman, a top 1% analyst from Raymond James maintains COP with a strong buy rating and lowers their COP price target from $140.00 to $137.00, on Jan 24, 2024.
You can dive deeper into what analysts are projecting on the Conocophillips stock forecast page.
COP Technicals
Is COP Making Money?
Last year, COP earnings were $10.96B. Over the past five year, COP's earnings have increased by 11.12% per year. This was slower than the Oil & Gas E&P industry average of 14.2%.
Last year, COP revenue was $58.57B. Over the past 5 year, COP's revenue has gone up by 8.63% per year. This was slower than the Oil & Gas E&P industry average of 19.41%.
Dive into COP's earnings and revenue performance here.
Are COP insiders buying or selling the stock?
Over the past 12 months, executives and large shareholders at COP have sold more shares than they have bought.
Eric D. Mullins, Director of COP, was the latest COP insider to buy. They bought $12,767.50 worth of COP stock on Mar 28, 2024.
Get more info about who owns COP stock here.
Does COP stock generate passive income?
Conocophillips pays a dividend of 2.76%, compared to the Oil & Gas E&P industry's average dividend yield of 3.54%. If you owned $1,000 worth of COP stock, you would have received $27.57 in the past year.
Conocophillips dividend payments have consistently grown over the past decade but have not remained stable.
Find more data about Conocophillips dividend yield and history here.
Get analysis from other investors
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Execute your COP buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount, place a limit order.
Click the Open button and your broker will execute the order.
If you need more info about investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest news on your investment in COP
Now that you own some COP shares, you'll want to stay up-to-date on your stock purchase.
Put COP on a watchlist to get alerted to the latest events about your COP stock.
COP Feed
How to Buy Stock in Conocophillips
To summarize, here are the 6 steps for buying Conocophillips stock:
- Choose where to buy Conocophillips stock
- Open your brokerage account
- Fund your brokerage account
- Evaluate Conocophillips stock
- Execute your COP buy order
- Get the latest news on your investment in COP
If you need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep tabs on your investment in Conocophillips, create a watchlist on WallStreetZen today.
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