ConocoPhillips Stock To Go Ex-dividend Tomorrow (COP)

NEW YORK ( TheStreet) -- The ex-dividend date for ConocoPhillips (NYSE: COP) is tomorrow, February 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $73.94 as of 9:30 a.m. ET, the dividend yield is 3.6%.

The average volume for ConocoPhillips has been 7.9 million shares per day over the past 30 days. ConocoPhillips has a market cap of $93.75 billion and is part of the basic materials sector and energy industry. Shares are up 1% year to date as of the close of trading on Tuesday.

ConocoPhillips operates as an integrated energy company worldwide. The company's Exploration and Production (E&P) segment explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids. The company has a P/E ratio of 8.3, below the average energy industry P/E ratio of nine and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, robust revenue growth, increase in stock price during the past year 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.

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