NEW YORK ( TheStreet) -- ConocoPhillips (NYSE: COP) hit a new 52-week high Tuesday as it traded at $78.74 compared with its previous 52-Week high of $76.72. ConocoPhillips is changing hands at $78.67 with 2.5 million shares traded as of 10:11 a.m. ET. Average volume has been eight million shares over the past 30 days. ConocoPhillips has a market cap of $112.6 billion and is part of the basic materials sector and energy industry. Shares are up 12.5% year to date as of the close of trading on Friday. ConocoPhillips operates as an integrated energy company worldwide. It operates through six segments: Exploration and Production (E&P), Midstream, Refining and Marketing (R&M), LUKOIL Investment, Chemicals, and Emerging Businesses. The company has a P/E ratio of 12.9, above the average energy industry P/E ratio of 10.1 and below the S&P 500 P/E ratio of 23.2. TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full ConocoPhillips Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.