ConocoPhillips (NYSE:COP) Trading Down 0.5% - Time to Sell?

ConocoPhillips (NYSE:COP - Get Free Report)'s share price dropped 0.5% during trading on Friday . The company traded as low as $90.61 and last traded at $91.39. Approximately 796,905 shares changed hands during trading, a decline of 89% from the average daily volume of 7,124,868 shares. The stock had previously closed at $91.80.

Wall Street Analyst Weigh In

COP has been the subject of several analyst reports. Morgan Stanley restated an "overweight" rating and set a $116.00 target price on shares of ConocoPhillips in a research report on Tuesday, April 15th. TD Cowen assumed coverage on shares of ConocoPhillips in a report on Friday, January 17th. They issued a "buy" rating and a $125.00 price target for the company. 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 note on Thursday, March 13th. Scotiabank decreased their target price on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Finally, Wells Fargo & Company dropped their price target on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.89.

ConocoPhillips Price Performance

The stock has a market cap of $116.03 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. 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 company has a 50-day simple moving average of $94.56 and a two-hundred day simple moving average of $100.52.

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 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%. As a group, equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's payout ratio is currently 40.05%.

Institutional Trading of ConocoPhillips

Several institutional investors and hedge funds have recently bought and sold shares of the business. Albion Financial Group UT increased its holdings in shares of ConocoPhillips by 876.9% in 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 during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips in the 4th quarter valued at about $26,000. Centricity Wealth Management LLC acquired a new stake in ConocoPhillips during the fourth quarter worth approximately $27,000. 10Elms LLP acquired a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $28,000. Finally, Crowley Wealth Management Inc. acquired a new stake in ConocoPhillips during the 4th quarter worth approximately $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.