ConocoPhillips (NYSE:COP) declared a quarterly dividend on Thursday, July 11th, RTT News reports. Shareholders of record on Monday, July 22nd will be paid a dividend of 0.305 per share by the energy producer on Tuesday, September 3rd. This represents a $1.22 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, July 19th.

ConocoPhillips has decreased its dividend by an average of 26.7% per year over the last three years and has increased its dividend every year for the last 2 years. ConocoPhillips has a dividend payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ConocoPhillips to earn $4.27 per share next year, which means the company should continue to be able to cover its $1.22 annual dividend with an expected future payout ratio of 28.6%.

Shares of NYSE COP opened at $61.76 on Friday. The stock’s 50 day simple moving average is $59.91. The firm has a market capitalization of $69.46 billion, a P/E ratio of 13.63, a PEG ratio of 1.62 and a beta of 1.00. The company has a current ratio of 1.86, a quick ratio of 1.72 and a debt-to-equity ratio of 0.45. ConocoPhillips has a twelve month low of $56.75 and a twelve month high of $80.24.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Tuesday, April 30th. The energy producer reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. ConocoPhillips had a return on equity of 16.65% and a net margin of 18.08%. The company had revenue of $10.06 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. Equities analysts forecast that ConocoPhillips will post 3.99 EPS for the current fiscal year.

COP has been the subject of a number of research analyst reports. Mizuho initiated coverage on Avrobio in a report on Wednesday, June 26th. They set a “buy” rating and a $28.00 price objective for the company. Piper Jaffray Companies set a $30.00 price objective on KLX Energy Services and gave the stock a “buy” rating in a report on Thursday, March 21st. Credit Suisse Group restated an “outperform” rating and set a GBX 2,012 ($26.29) price objective on shares of Aston Martin Lagonda Global in a report on Wednesday, May 1st. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Finally, Morgan Stanley upgraded to an “overweight” rating and set a GBX 400 ($5.23) price objective for the company in a report on Friday. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $77.07.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Dividend History for ConocoPhillips (NYSE:COP)

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