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Phoenix Financial Ltd. boosts ConocoPhillips stake as the oil giant beats earnings estimates.
Phoenix Financial Ltd. increased its ConocoPhillips stake by 14.9%, acquiring 1,624 additional shares.
ConocoPhillips reported $2.09 EPS, exceeding estimates by $0.04, with $16.18 billion in revenue.
The company's market cap is $120.04 billion, P/E ratio of 12.07, and PEG ratio of 2.49.
Analysts predict 8.16 EPS for the year, with a consensus target price of $121.33.
EVP Kirk L. Johnson also increased his ownership by 57.44%, buying 5,300 shares.
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Phoenix Financial Ltd. aumenta la participación en ConocoPhillips mientras el gigante petrolero supera las estimaciones de ganancias.