Shares of ConocoPhillips (NYSE:COP - Get Free Report) have earned a consensus recommendation of "Buy" from the nineteen research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $126.89.
A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a research report on Thursday, January 30th. Morgan Stanley reissued an "overweight" rating and set a $116.00 price target on shares of ConocoPhillips in a research report on Tuesday, April 15th. Barclays dropped their price objective on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price objective on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, TD Cowen initiated coverage on ConocoPhillips in a research report on Friday, January 17th. They set a "buy" rating and a $125.00 price objective on the stock.
Read Our Latest Analysis on COP
Institutional Trading of ConocoPhillips
Several large investors have recently made changes to their positions in the business. Orrstown Financial Services Inc. boosted its holdings in shares of ConocoPhillips by 3.0% in the 4th quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after acquiring an additional 96 shares during the last quarter. Principle Wealth Partners LLC boosted its holdings in ConocoPhillips by 0.3% during the fourth quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock worth $3,695,000 after buying an additional 100 shares in the last quarter. Arlington Trust Co LLC boosted its holdings in ConocoPhillips by 1.2% during the fourth quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock worth $857,000 after buying an additional 102 shares in the last quarter. Courier Capital LLC boosted its holdings in ConocoPhillips by 0.5% during the fourth quarter. Courier Capital LLC now owns 20,481 shares of the energy producer's stock worth $2,031,000 after buying an additional 103 shares in the last quarter. Finally, Gray Wealth Management Inc. boosted its holdings in ConocoPhillips by 5.0% during the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock worth $215,000 after buying an additional 104 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.
ConocoPhillips Trading Up 1.3 %
COP stock traded up $1.20 during midday trading on Friday, reaching $92.92. The company's stock had a trading volume of 4,667,117 shares, compared to its average volume of 7,153,343. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The stock has a fifty day simple moving average of $94.56 and a two-hundred day simple moving average of $100.52. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $130.44. The firm has a market capitalization of $117.47 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.79 and a beta of 0.83.
ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. On average, equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current year.
ConocoPhillips Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is currently 40.05%.
ConocoPhillips Company Profile
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Get Free ReportConocoPhillips 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.
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