ConocoPhillips (NYSE:COP) Reaches New 1-Year Low - Here's Why

ConocoPhillips (NYSE:COP - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The company traded as low as $86.74 and last traded at $89.08, with a volume of 3703211 shares changing hands. The stock had previously closed at $95.25.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Truist Financial boosted their target price on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their price target on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Raymond James cut ConocoPhillips from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $157.00 to $124.00 in a report on Monday, February 10th. TD Cowen initiated coverage on ConocoPhillips in a report on Friday, January 17th. They set a "buy" rating and a $125.00 target price on the stock. Finally, Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and raised their price target for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $131.84.

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ConocoPhillips Stock Performance

The company has a market cap of $104.40 billion, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The stock has a 50 day moving average price of $98.19 and a two-hundred day moving average price of $102.89. 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 (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. On average, research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is currently 40.05%.

Institutional Trading of ConocoPhillips

A number of institutional investors and hedge funds have recently made changes to their positions in COP. Albion Financial Group UT raised its position in ConocoPhillips by 876.9% during the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after purchasing an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of ConocoPhillips during the 4th quarter worth $26,000. Centricity Wealth Management LLC bought a new stake in shares of ConocoPhillips during the 4th quarter worth $27,000. 10Elms LLP bought a new position in ConocoPhillips in the fourth quarter valued at about $28,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of ConocoPhillips in the fourth quarter worth about $32,000. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Company Profile

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.