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The Fed Just Lowered Interest Rates. This Oil Stock Is a Buy Now.
The Motley Fool· 2024-09-28 10:00
ConocoPhillips' dividend will look even better in a low interest rate environment.On Sept. 18, the Federal Reserve lowered the target range for the federal funds rate by a half-percentage point, marking the first rate cut in more than four years.Lower interest rates can spur capital investment, lower the unemployment rate, and help accelerate economic growth. However, rate cuts have been followed by mixed results in the stock market -- with gains generally occurring when recessions are avoided.The ripple ef ...
Why ExxonMobil, ConocoPhillips, and Shell Stocks Dropped Today
The Motley Fool· 2024-09-26 15:23
Falling oil prices mean cheap oil stocks. But one of these stocks is cheaper than the others.Thursday is looking like a rough day for oil stocks. Oil prices are falling, and oil stocks are following them down.As OilPrice.com reports, Brent crude oil prices fell 2.8% through 10:30 a.m. ET today, to about $71 per barrel, while U.S.-preferred West Texas Intermediate (WTI) crude prices dropped more than 3% to about $67.50. Falling in tandem were shares of oil majors ExxonMobil (XOM -1.93%) (down 1.6%), ConocoPh ...
These 5 Dividend Stocks are Down 21% to 77%. Here's Why They're Worth Buying and Holding for at Least 5 Years.
The Motley Fool· 2024-09-22 10:30
Patient investors may want to take a closer look at these five out-of-favor turnaround plays.Occidental Petroleum (OXY -0.75%), ConocoPhillips (COP -0.61%), United Parcel Service (UPS -2.67%), Toyota Motor (TM 0.33%), and Estee Lauder (EL -2.78%) are all down big from their all-time highs.Here's why all have sold off and why each dividend stock is a great value now despite challenges. Two beaten-down oil stocks to buy nowExploration and production (E&P) company Occidental Petroleum, commonly known as Oxy, i ...
ConocoPhillips Lands Natural Gas Supply Deal With German Energy Firm
ZACKS· 2024-09-20 19:51
ConocoPhillips (COP) , a Houston-based oil and gas exploration and production company, has signed a long-term supply agreement with a German energy firm, Uniper. Per the terms of the agreement, ConocoPhillips will supply up to 10 billion cubic meters of natural gas to Uniper in north-western Europe over the coming 10 years.A ConocoPhillips representative has mentioned that the deal is not for the supply of liquefied natural gas (LNG). Instead, it involves supplying natural gas via pipelines. In the case of ...
ConocoPhillips (COP) Outperforms Broader Market: What You Need to Know
ZACKS· 2024-09-19 23:06
ConocoPhillips (COP) closed at $110.55 in the latest trading session, marking a +1.78% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 1.7%. On the other hand, the Dow registered a gain of 1.26%, and the technology-centric Nasdaq increased by 2.51%.The energy company's shares have seen a decrease of 0.91% over the last month, surpassing the Oils-Energy sector's loss of 2.52% and falling behind the S&P 500's gain of 1.27%.The upcoming earnings release of ConocoPhilli ...
ConocoPhillips: Buy The Drop
Seeking Alpha· 2024-09-17 12:39
ConocoPhillips (NYSE: COP ) is a well-run energy enterprise with considerable earnings power and free cash flow upside in the context of the company's recent acquisition of Marathon Oil. The energy company is focused on upstream operations and is seeingAnalyst’s Disclosure: I/we have a beneficial long position in the shares of COP, XOM, CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (oth ...
ConocoPhillips (COP) Laps the Stock Market: Here's Why
ZACKS· 2024-09-13 23:06
ConocoPhillips (COP) closed at $103.50 in the latest trading session, marking a +0.58% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.54%. At the same time, the Dow added 0.72%, and the tech-heavy Nasdaq gained 0.65%.The energy company's stock has dropped by 7.49% in the past month, falling short of the Oils-Energy sector's loss of 3.91% and the S&P 500's gain of 4.86%.Analysts and investors alike will be keeping a close eye on the performance of ConocoPhillips i ...
Oil & Gas Stock Signaling a Short-Term Pop
Schaeffers Investment Research· 2024-09-05 17:42
The jury is out as to whether September is truly a seasonally bearish period for stocks. Regardless of how you view this month, we've outlined some historical outperformers to monitor this month, such as cybersecurity stock Palo Alto Networks (PANW). If past is precedent, ConocoPhillips (NYSE:COP) is another name bulls -- or anyone looking to profit off a short-term move higher -- should watch this month, given its September history. Per a study from Schaeffer's Senior Quantitative Analyst Rocky White, COP ...
Why ExxonMobil, ConocoPhillips, and BP Stocks Dropped Today
The Motley Fool· 2024-09-03 15:21
Three oil stocks are falling today. None of them are terribly expensive, and one looks cheap enough to buy.Tuesday is looking like a bad day to be invested in oil stocks, as downbeat news in the oil sector takes a toll on shares of oil majors ExxonMobil (XOM -2.68%), ConocoPhillips (COP -3.35%), and BP (BP -3.30%).OilPrice.com is reporting on a "plunge" below $75 a barrel in Brent crude prices (currently $74 and change). WTI crude -- more popular in the U.S. -- is suffering a similar fall, down 3.8% at abou ...
ConocoPhillips to Proceed With $22.5M Acquisition of Marathon Oil
ZACKS· 2024-08-30 17:56
ConocoPhillips (COP) received shareholder approval to move forward with its planned merger with Marathon Oil Corporation (MRO) .The all-stock transaction, valued at $22.5 billion and including $5.4 billion in net debt, was initially announced in May 2024. The merger is expected to close by the end of the fourth quarter of 2024.Under the terms of the deal, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil common stock.ConocoPhillips emphasized ...