ConocoPhillips is in the middle of a three-year restructuring focused at enhancing its balance sheet and making itself more lucrative to investors. That plan comprises of the sale of $15 billion to $20 billion in assets, huge-scale share repurchases and the spinoff of its refining wing as Phillips 66 (PSX) in May.
Its competitors include BP plc (ADR) (NYSE:BP) that slipped -0.31% to $41.64 with the total traded volume of 2.77 million shares and Exxon Mobil Corporation (NYSE:XOM) that dropped -0.09% to $89.80 with the total traded volume of 3.95 million shares.
Other Basic Materials stocks with bullish trend include Vale SA (ADR)(NYSE:VALE) up +4.01% to $18.14, Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) up +0.72% to $39.07 and Occidental Petroleum Corporation (NYSE:OXY) up +1.00% to $81.49, whereas with bearish trend include Arch Coal Inc(NYSE:ACI) down -2.12% to $7.37, Alpha Natural Resources, Inc. (NYSE:ANR) down -2.31% to $8.45 and Cliffs Natural Resources Inc (NYSE:CLF) down -9.49% to $38.64.
ConocoPhillips (NYSE:COP) after opening at $56.71 hit high price of $57.53 and then trading at $57.13 by surging +2.11% and on current session volume of 4.37 million shares is lower than its average volume of 6.16 million shares.
The stock price volatility was 1.34% for a week and 1.23% for a month as well as price volatility’s Average True Range for 14 days was 0.80 and its beta remained 1.14.
The liquidity measure in recent quarter results of the company was recorded 0.92 as current ratio and on the other side the debt to equity ratio was 0.50and long-term debt to equity ratio also remained 0.41. The Company had total cash at hand $1.04 billion and a book value per share as $37.85 in the most recent quarter.
COP generated revenue of 64.80 billion in the following twelve months and earned $6.76 billion. The Company showed a positive 10.55% in the net profit margin and as well as in its operating margin which remained 23.96%. Company’s annual sales growth for the past five year was 5.91%.
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