
ConocoPhillips Inc. (COP) produced lower FCF in Q2, and investors seemed bored with the company. This is despite claims that it would boost free cash flow. Nevertheless, COP stock still looks too cheap here, based on its historical yield metrics.
COP is at $93.28 in midday trading on Friday, Aug. 7, below its pre-earnings price action. For example, it peaked recently at $97.99 on July 29.