ConocoPhillips (NYSE:COP) Given Consensus Rating of "Buy" by Brokerages

ConocoPhillips (NYSE:COP - Get Free Report) has been given an average rating of "Buy" by the nineteen analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $132.95.

COP has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a research note on Thursday, January 30th. TD Cowen began coverage on shares of ConocoPhillips in a report on Friday, January 17th. They set a "buy" rating and a $125.00 price objective for the company. Piper Sandler dropped their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Morgan Stanley lowered their price target on ConocoPhillips from $131.00 to $126.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $132.00 to $134.00 in a report on Monday, December 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of COP. Tidal Investments LLC boosted its holdings in shares of ConocoPhillips by 42.7% in the 3rd quarter. Tidal Investments LLC now owns 103,553 shares of the energy producer's stock valued at $10,902,000 after acquiring an additional 31,011 shares during the last quarter. Leavell Investment Management Inc. boosted its holdings in ConocoPhillips by 59.8% in the fourth quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock valued at $1,901,000 after purchasing an additional 7,174 shares during the last quarter. Brookstone Capital Management grew its position in ConocoPhillips by 4.5% during the 4th quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock worth $878,000 after purchasing an additional 383 shares during the period. Principal Financial Group Inc. raised its stake in shares of ConocoPhillips by 2.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,474,270 shares of the energy producer's stock valued at $155,211,000 after buying an additional 32,948 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its holdings in shares of ConocoPhillips by 13.6% in the 4th quarter. Fiduciary Alliance LLC now owns 186,535 shares of the energy producer's stock valued at $18,499,000 after buying an additional 22,378 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

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ConocoPhillips Trading Down 9.5 %

COP traded down $10.05 during trading on Tuesday, reaching $96.05. The company had a trading volume of 6,373,605 shares, compared to its average volume of 6,786,949. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 52 week low of $86.81 and a 52 week high of $135.18. The stock has a market cap of $122.21 billion, a P/E ratio of 12.33, a PEG ratio of 0.79 and a beta of 1.12. The business has a 50 day simple moving average of $99.02 and a 200-day simple moving average of $103.33.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. On average, equities analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.25%. ConocoPhillips's dividend payout ratio is currently 40.05%.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.