Latest news with #COP
Yahoo
21 hours ago
- Business
- Yahoo
ConocoPhillips (COP) Stock Drops Despite Market Gains: Important Facts to Note
In the latest close session, ConocoPhillips (COP) was down 1.51% at $94.17. This change lagged the S&P 500's daily gain of 0.14%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq added 0.27%. The energy company's stock has dropped by 1.39% in the past month, falling short of the Oils-Energy sector's gain of 2.89% and the S&P 500's gain of 3.97%. The investment community will be paying close attention to the earnings performance of ConocoPhillips in its upcoming release. The company is slated to reveal its earnings on August 7, 2025. It is anticipated that the company will report an EPS of $1.38, marking a 30.3% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $14.7 billion, indicating a 3.97% upward movement from the same quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.22 per share and a revenue of $61.36 billion, representing changes of -20.15% and +7.74%, respectively, from the prior year. It's also important for investors to be aware of any recent modifications to analyst estimates for ConocoPhillips. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.21% rise in the Zacks Consensus EPS estimate. As of now, ConocoPhillips holds a Zacks Rank of #3 (Hold). Looking at valuation, ConocoPhillips is presently trading at a Forward P/E ratio of 15.36. This denotes a discount relative to the industry average Forward P/E of 17.37. We can additionally observe that COP currently boasts a PEG ratio of 2.58. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Oil and Gas - Integrated - United States industry was having an average PEG ratio of 2.12. The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 212, this industry ranks in the bottom 15% of all industries, numbering over 250. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ConocoPhillips (COP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Scoop
2 days ago
- Politics
- Scoop
Pacific News In Brief For 14 July
Vanuatu - ICJ A long-anticipated decision from the International Court of Justice on countries responsibilities for climate change is due next week. Vanuatu and Pacific climate advocates brought the case to the UN in 2023 seeking an opinion from the world court on the legal obligations of states in relation to climate change. Vanuatu Prime Minister Jotham Napat said that a favourable opinion could provide powerful legal tools to support vulnerable nations in need of funding and technology. The decision is expected to be read out at the Hague on 23 July. Australia/Paific - summit Australia's Climate Change Minister Chris Bowen says it is "way beyond time" the United Nations climate meeting (COP) comes to the Southern Hemisphere. Australia and Turkey are bidding to host COP31 next year. Bowen told the ABC that Australia as COP president would ensure that the Pacific's issues are front and centre of the agenda. Concern has been raised about Australia's fossil fuels record in connection to any position as COP host. The presidents of Palau and Fiji have both voiced their support of Australia hosting. Tuvalu - geopolitics Tuvalu has called out China for announcing a flight route that will bring Chinese flights closer to Taiwan. In a statement, the Tuvalu government said that the newly announced W121 air route will connect the Zhejiang Province to the controversial M503 route along the Taiwanese strait. M503 is seen widely as an esculation of tensions between the two nations. Tuvalu government said it stood "firm behind Taiwan" against China, and calling for a peaceful dialogue. Kiribati - water The humanitarian organisation Doctors without Borders (MSF) is working to help Kiribati with its water problems. Recents tests on more than 300 wells on the outer island of Abaiang showed most of the water was unfit to drink. MSF's Eliza Chang told the ABC they found the bacteria group containing in more than 9 out of 10 of the tested wells. Salinity levels in the water are also high. The Chinese embassy in Kiribati says the China-aid seawater de-salination project is currently installing equipment, and debugging on the main island of Tarawa. Tokelau 0 parliament Tokelau's second General Fono (parliamentary session) of the year kicks off Monday. It is being held on the Ulu-o-Tokelau or titular head of government, Esera Fofō Tuisano's atoll, Fakaofo. The role rotates annually between the Faipule of Tokelau's three main atolls. Tokelau has a busy next few months ahead with community consultations on self-determination underway. Tokelau is a non-self-governing territory of New Zealand. It will celebrate the 100th anniversary of its relationship with Aotearoa next year. Northern Marianas - landfill Plans are in the works to turn an illegal dumpsite on Tinian into a landfill. Tinian, south of the big island Saipan, does not have a landfill. Tinian's mayor Edwin Aldan said the Puntan Diablo dumpsite has been part of discussions with the government and the US Department of Defence. Our CNMI correspondent Mark Rabago said the dumpsite is the only area locals can dispose their rubbish He said that as the US military build-up on Tinian ramps up, rubbish is now piling up. Environmental assessments and surveys of the project site are ongoing. Pacific - heritage Fiji, the Solomon Islands, and Vanuatu have submitted three extended continental shelf claims to the United Nations, securing 453,400 square kilometres of shared ocean heritage. The submissions have been presented by representatives of the three nations and mark a significant step toward strengthening Pacific sovereignty and sustainable resource management. Fiji's Foreign Affairs secretary Dr Raijeli Taga said that this achievement was about safeguarding the future. She said that by implementing rights, the wealth beneath the ocean, which contributes to national development will be secured - all while protecting the marine environment. The Fiji Times reports that it took 15 years for the submissions to reach this stage.
CNBC
2 days ago
- Business
- CNBC
Top Wall Street analysts are upbeat about these dividend-paying stocks
Optimism about the strong growth opportunities presented by the ongoing artificial intelligence (AI) boom has been tempered by tariff-related distractions and macroeconomic challenges. Against this uncertain backdrop, investors looking for consistent income can add attractive dividend-paying stocks to their portfolios, and studying top Wall Street analysts can offer useful insights into picking the right dividend payers. Here are three dividend-paying stocks, highlighted by Wall Street's top pros, as tracked by TipRanks, a platform that ranks analysts based on their past performance Oil and gas exploration and production company ConocoPhillips (COP) is this week's first dividend pick. The company distributed $2.5 billion to shareholders in the first quarter of 2025 via $1.5 billion of share repurchases and $1.0 billion in dividends. At a quarterly dividend of $0.78 per share (annualized dividend of $3.12), COP pays a dividend yield of 3.3%. In a research note on the third-quarter update on RBC Capital's Top 30 Global Ideas for 2025, analyst Scott Hanold reiterated a buy rating on ConocoPhillips with a price target forecast of $115. The analyst expects COP to outperform its large-cap exploration and production peers. "COP has a returns-focused value proposition, a strong balance sheet, and peer-leading distributions," Hanold said. The analyst believes that ConocoPhillips is well-positioned to generate competitive free cash flow (FCF) through various commodity price cycles. Hanold highlighted that the company has a global and diversified asset base, which gives it spending flexibility to deliver industry-leading shareholder returns through economic and commodity price cycles. Moreover, Hanold expects ConocoPhillips' vast position in the Permian basin to enable greater FCF generation, while providing asset diversity and development flexibility. He noted that the company has a low break-even point of below $40/bbl (WTI), where it can fund its production maintenance capital and dividends. The analyst also noted COP's solid balance sheet, which allows it to enhance shareholder value. Hanold ranks No. 12 among more than 9,800 analysts tracked by TipRanks. His ratings have been successful 71% of the time, delivering an average return of 31.2%. See ConocoPhillips Insider Trading Activity on TipRanks. U.S. Bancorp (USB) is another stock that is a part of RBC Capital's list of Top 30 Global Ideas for 2025. It is the parent company of the U.S. Bank and offers customers financial services through a diversified mix of businesses, including consumer banking, commercial banking and wealth management, among others. With a quarterly dividend of $0.50 per share (annualized dividend of $2 per share), USB offers a dividend yield of 4.2%. RBC analyst Gerard Cassidy reaffirmed a buy rating on USB stock with a 12-month price target of $50. He highlighted several positives supporting his bullish stance, including the bank's new leadership. Cassidy noted that Gunjan Kedia, who succeeded Andy Cecere as the CEO of U.S. Bancorp in April 2025, has reiterated the company's financial goals, including a target of delivering more than 200 basis points of operating leverage. USB reported 270 basis points of operating leverage in the first quarter of 2025. Cassidy also highlighted that USB has consistently been one of the best-performing banks in the U.S., as reflected in an attractive compound annual growth rate (CAGR) in shareholder return generated over the past 20 years. That growth is mainly driven by the bank's focus on increasing its tangible book value and dividends per share. Notably, U.S. Bancorp has consistently returned as much as 80% of its earnings every year through stock buybacks and dividends. Cassidy also cited USB's strong asset quality and underwriting skills. The long-time analyst believes that "following general underperformance over the last two years, USB is at an inflection point in 2025 where headwinds are becoming tailwinds." The improvement is driven by the investments made by the bank over the past decade, which are expected to fuel revenue growth ahead of expense growth in years to come, Cassidy said. Cassidy ranks No. 24 among more than 9,800 analysts tracked by TipRanks. His ratings have been profitable 72% of the time, delivering an average return of 21%. See U.S. Bancorp Statistics on TipRanks. Finally, dividend-paying technology company HP (HPQ) declared a quarterly dividend of $0.2894 per share last month, payable on October 1, the fourth dividend in the company's fiscal year 2025. At an annualized dividend of $1.1576 per share, HPQ yields of 4.5%. Despite tariffs and other ongoing challenges, Evercore analyst Amit Daryanani reiterated a buy rating on HPQ stock with a price target of $29. Following an investor webinar with HP's chief enterprise officer Ernest Nicolas, the analyst highlighted key takeaways supporting his bullish stance. Daryanani noted that HP is successfully diversifying and is on track to achieve its target of manufacturing 90% of all U.S.-bound products outside China. Much of the manufacturing will remain in Asia and take place in countries such as Vietnam, Thailand, and Indonesia, along with some planned in Mexico. The analyst added that HP is attempting to close the gap with rivals by adopting a multi-site approach to manufacturing and optimizing its supply chain. HP expects the "tariff environment to remain fluid," but management believes the company is now better equipped to face tariff-related challenges, Daryanani said. HP also remains focused on generating $2 billion in gross annual run-rate savings from its Future Ready cost savings plan, the analyst said. The plan includes various initiatives, including internal artificial intelligence tools that could drive productivity and efficiencies. Daryanani ranks No. 174 among more than 9,800 analysts tracked by TipRanks. His ratings have been profitable 64% of the time, delivering an average return of 15.3%. See HP Ownership Structure on TipRanks.
Yahoo
3 days ago
- Business
- Yahoo
ConocoPhillips Stock Is Cheap - How to Make a 2.0% 1-Month Yield Shorting COP Puts
ConocoPhillips (COP) stock looks undervalued based on its FCF forecasts, analysts' price targets, and its historical yield. Moreover, investors can make a one-month 2.0% yield shorting out-of-the-money put options. COP is at $95.73 in midday trading on Friday, July 11. But it's worth significantly more. I showed that COP was worth $153.60. This article updates that analysis and a way to play it. Creating a 38% 'Dividend' on SOFI Stock Using Options Wednesday's Unusual Options Activity Reveals 3 Standout Long Straddle Plays Teva Pharmaceutical (TEVA) Just Flashed a Statistically Viable Signal for Bullish Traders Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! I discussed this play in a June 13 Barchart article, 'ConocoPhillips Stock Looks Cheap with Strong FCF - Shorting OTM Puts Works Here.' At the time, COP was at $95.56, roughly the same as today, but I suggested shorting the July 11 expiration put option contract at the $90.00 strike price. The premium received was $1.19. That gave an investor an immediate yield of 1.32% (i.e., $1.19/90.00), but today the premium is down to just 4 cents, making the play very profitable over the last 28 days. So, it makes sense to roll the trade over. But first, let's look at why COP seems so cheap. There are 3 reasons why COP stock looks cheap here: a FCF-based valuation, dividend yield target price, and analysts' prices. In my last Barchart article, I pointed out that ConocoPhillips made a 20.8% free cash flow (FCF) margin. Using analysts' next 12-month (NTM) revenue estimates ($60 billion) implies its FCF could hit $12.48 billion. Therefore, using a 6.5% FCF yield metric (i.e., roughly twice its 3.25% dividend yield today), its market cap could rise to almost $195 billion: $12.48b / 0.065 = $192 billion mkt cap That is +59% higher than ConocoPhillips' market cap today of $120.86 billion, according to Yahoo! Finance. In other words, COP stock is worth +61% more at $152 per share. Just to be conservative, let's use a lower 18.5% FCF margin and a 7.0% FCF yield metric. That implies $11 billion in forecast FCF and a market cap of $170 billion, or +40% higher (i.e., $135 per share). COP stock's dividend yield (3.25%) is significantly higher than its historical yield. For example, Yahoo! Finance reports that the historical dividend 5-year yield average is 2.66%. Moreover, Morningstar says its average has been 2.33%. So, if COP were to revert to its average yield of 2.50%, COP would be worth $124.80 per share, i.e., +30% higher. However, COP is likely to raise its quarterly dividend to (the last of four payments at 78 cents is coming soon). That means its forward dividend per share (DPS) will be 82 cents per share. Therefore, the next 12 months (NTM) DPS could be $3.24, and its price target is higher: $3.24 / 0.025 = $129.60 That is +35.3% over today's COP price. Yahoo! Finance reports that 30 sell-side analysts now have a $116.07 average price target for COP. That is up from $115.73 a month ago, and represents +21% upside from today. Similarly, Barchart's mean survey price target is $114.88, and average is $121.95 per share from 22 analysts. As a result, the analysts' average target price is about $117.63, or +22.8% higher than today. The bottom line is that using a FCF method ($135.00), dividend yield ($129.60), or analysts' targets ($117.63), COP stock is worth $127.42, or one-third higher than today: $127.42/$95.73 = 1.33 = +33% upside Nevertheless, there is no guarantee this will occur over the next 12 months. Therefore, one way to play it, to make extra income if COP stays flat or falls, is to short out-of-the-money (OTM) put options. For example, look at the Aug. 15 expiration period, slightly over one month from today. The $92.50 strike price put contract, over 3% lower than today's price, provides a 2% monthly yield. This can be seen by dividing the midpoint premium of $1.97 by the $92.50 strike price (i.e., $1.97/$92.50 = 0.0213 = 2.13%). This means that an investor who secures $9,250 with their brokerage firm can enter an order to 'Sell to Open' 1 put contract at $92.50. The account will immediately receive $197, which represents 2.13% of the potential investment (i.e., if COP falls to $92.50). In that case, the account will be assigned to buy 100 shares with the $9,250. But the investor's breakeven is lower: $92.50 - $1.97 = $90.53 breakeven This is over 5% lower than today's price and provides a very buy-in point for an investor. For example, the potential upside is over 40%: $127.42 / $90.53 = 1.407 = +40.7% upside Moreover, the investor will make a good annual dividend yield of almost 3.60%: $3.24 expected NTM DPS / $90.53 = 0.0359 = 3.59% yield The bottom line is that this is a very good way to play COP stock for investors who are willing to buy shares at a lower buy-in point by shorting OTM puts. On the date of publication, Mark R. Hake, CFA did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
5 days ago
- Business
- Yahoo
Allocation Under Public Tender Offer by Sun Valley Investments AG to Purchase Mineros Shares Complete Correction to Closing Date
MEDELLIN, Colombia, July 10, 2025--(BUSINESS WIRE)--Mineros S.A. (TSX:MSA, MINEROS:CB) ("Mineros" or the "Company"). Further to the information disclosed yesterday, July 9, 2025 regarding the public tender offer (Oferta Pública de Adquisición, or "OPA") made by Sun Valley Investments AG ("Sun Valley"), the Colombian Stock Exchange (Valores de Colombia (BVC)) through bulletin 134 of July 9, 2025, has confirmed the closing of the OPA made by Sun Valley for shares of Mineros. Through the OPA, Sun Valley is acquiring 23,851,918 shares of Mineros at a price of COP $5,500 per share, representing 7.96% of the share capital. With the closing of this transaction, Sun Valley's stake in Mineros will be 65.38% of the total issued and outstanding shares. The closing date for the OPA has been changed from the July 11, 2025, to July 14, 2025. ABOUT MINEROS S.A. Mineros is a Latin American gold mining company headquartered in Medellin, Colombia. The Company has a diversified asset base, with mines in Colombia and Nicaragua, and a pipeline of development and exploration projects. The board of directors and management of Mineros have extensive experience in mining, corporate development, finance, and sustainability. Mineros has a long track record of maximizing shareholder value and delivering solid annual dividends. For over 50 years Mineros has operated with a focus on safety and sustainability at all its operations. Mineros' common shares are listed on the Toronto Stock Exchange under the symbol "MSA", and on the Colombia Stock Exchange under the symbol "MINEROS". Election of Directors – Electoral Quotient System The Company has been granted an exemption from the individual voting and majority voting requirements applicable to listed issuers under Toronto Stock Exchange policies, on grounds that compliance with such requirements would constitute a breach of Colombian laws and regulations which require the directors to be elected on the basis of a slate of nominees proposed for election pursuant to an electoral quotient system. For further information, please see the Company's most recent annual information form, available on the Company's website at and from SEDAR+ at FORWARD-LOOKING STATEMENTS This news release contains "forward looking information" within the meaning of applicable Canadian securities laws. Forward looking information includes statements that use forward looking terminology such as "may", "could", "would", "will", "should", "intend", "target", "plan", "expect", "budget", "estimate", "forecast", "schedule", "anticipate", "believe", "continue", "potential", "view" or the negative or grammatical variation thereof or other variations thereof or comparable terminology. Such forward looking information includes, without limitation, closing of the Sun Valley Offer; Sun Valley's ownership of or control or direction over Mineros Shares; the Company's planned exploration, development and production activities; and any other statement that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results, performance or achievements. Forward looking information is based upon estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this news release. While the Company considers these assumptions to be reasonable, the assumptions are inherently subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward looking information. Many assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. For further information of these and other risk factors, please see the "Risk Factors" section of the Company's annual information form dated March 25, 2024, available on SEDAR+ at The Company cautions that the foregoing lists of important assumptions and factors are not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward looking information contained herein. There can be no assurance that forward looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward looking information. Forward looking information contained herein is made as of the date of this news release and the Company disclaims any obligation to update or revise any forward looking information, whether as a result of new information, future events or results or otherwise, except as and to the extent required by applicable securities laws. View source version on Contacts For further information, please contact:Ann WilkinsonVP of Investor Relations+1 (647) Juan ObandoDirector, Investor Relations(+57) 574 266 Bettina FilipponeRenmark Financial Communications Inc.+1 (514) 939-3989 or +1 (212) 812-7680bfilippone@
