ConocoPhillips (NYSE:COP) Sets New 12-Month Low - Time to Sell?

Shares of ConocoPhillips (NYSE:COP - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $79.88 and last traded at $91.79, with a volume of 17834746 shares changing hands. The stock had previously closed at $82.66.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on COP shares. UBS Group decreased their target price on ConocoPhillips from $130.00 to $116.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Royal Bank of Canada lowered their target price on shares of ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday. JPMorgan Chase & Co. dropped their price target on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Raymond James cut shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Finally, Truist Financial lifted their target price on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $129.74.

ConocoPhillips Stock Up 0.1 %

The firm has a market cap of $109.32 billion, a PE ratio of 11.10, a P/E/G ratio of 0.79 and a beta of 0.83. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The business's 50-day simple moving average is $96.51 and its 200 day simple moving average is $102.04.

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ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping 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%. As a group, equities research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio is presently 40.05%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Orrstown Financial Services Inc. increased its holdings in ConocoPhillips by 3.0% in the 4th quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock worth $331,000 after buying an additional 96 shares during the period. Principle Wealth Partners LLC boosted its stake in ConocoPhillips by 0.3% during the 4th quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock worth $3,695,000 after purchasing an additional 100 shares during the last quarter. Arlington Trust Co LLC grew its position in shares of ConocoPhillips by 1.2% in the fourth quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock valued at $857,000 after purchasing an additional 102 shares in the last quarter. Courier Capital LLC grew its holdings in ConocoPhillips by 0.5% in the 4th quarter. Courier Capital LLC now owns 20,481 shares of the energy producer's stock valued at $2,031,000 after buying an additional 103 shares in the last quarter. Finally, Gray Wealth Management Inc. increased its position 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 purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

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.