Tuesday, April 16, 2013

Conoco Phillips COP on sale today.

Marland Oil Company
Marland Oil Company (Photo credit: Wikipedia)

When the market sags, look for opportunities to add good, quality stocks.   Let's look at Conoco Phillips, COP, in view of the market correction that occurred yesterday.

Conoco Phillips COP
Price when profiled $57.06
Last 4 Qtrs Earnings $6.69
Last 4 Qtrs Dividends $2.64
Current Qtr Dividend $0.66
Annualized Div Yield 4.63%
No. Years Div Increase since 2005
Debt/Equity ratio 0.45

The lesson to learn is that even when other people panic due to stock market swoons, the disciplined income investor finds opportunities.   I think COP is an opportunity.  You can buy it on sale today.


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