ConocoPhillips (NYSE:COP) Stock Price Up 0.3% - Time to Buy?

ConocoPhillips (NYSE:COP - Get Free Report) was up 0.3% on Wednesday . The stock traded as high as $91.67 and last traded at $90.01. Approximately 2,506,180 shares were traded during trading, a decline of 65% from the average daily volume of 7,105,695 shares. The stock had previously closed at $89.76.

Wall Street Analyst Weigh In

COP has been the topic of several research analyst reports. Royal Bank of Canada reduced their price objective on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company lowered their price objective on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Barclays cut their target price on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday. Raymond James cut ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $157.00 to $124.00 in a research note on Monday, February 10th. Finally, Scotiabank reduced their price objective on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.89.

ConocoPhillips Price Performance

The company has a market capitalization of $116.03 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The business's 50-day moving average is $94.56 and its two-hundred day moving average is $100.67. 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 issued its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating 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%. As a group, analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

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

Institutional Investors Weigh In On ConocoPhillips

Several institutional investors have recently made changes to their positions in the stock. Morse Asset Management Inc purchased a new stake in shares of ConocoPhillips during the third quarter valued at approximately $805,000. Anchor Investment Management LLC boosted its position in shares of ConocoPhillips by 5.5% in the 3rd quarter. Anchor Investment Management LLC now owns 11,322 shares of the energy producer's stock worth $1,192,000 after purchasing an additional 589 shares in the last quarter. Fulcrum Equity Management increased its holdings in shares of ConocoPhillips by 24.1% during the third quarter. Fulcrum Equity Management now owns 5,939 shares of the energy producer's stock valued at $625,000 after acquiring an additional 1,155 shares in the last quarter. World Investment Advisors LLC raised its holdings in ConocoPhillips by 746.7% in the third quarter. World Investment Advisors LLC now owns 43,928 shares of the energy producer's stock worth $4,625,000 after buying an additional 38,740 shares during the last quarter. Finally, Arvest Bank Trust Division purchased a new position in ConocoPhillips in the 3rd quarter worth approximately $11,549,000. Hedge funds and other 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.