UBS Group Cuts ConocoPhillips (NYSE:COP) Price Target to $137.00

ConocoPhillips (NYSE:COP - Get Free Report) had its target price reduced by equities researchers at UBS Group from $140.00 to $137.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the energy producer's stock. UBS Group's target price would suggest a potential upside of 42.14% from the stock's current price.

A number of other research analysts also recently issued reports on the stock. Barclays reduced their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Mizuho upgraded shares of ConocoPhillips from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $132.00 to $134.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. raised shares of ConocoPhillips from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $120.00 to $123.00 in a report on Thursday, December 5th. Wells Fargo & Company dropped their price objective on shares of ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, 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 report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips has an average rating of "Moderate Buy" and a consensus target price of $133.56.

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ConocoPhillips Stock Down 0.5 %

NYSE COP traded down $0.52 during trading hours on Wednesday, reaching $96.39. 7,959,626 shares of the company traded hands, compared to its average volume of 5,701,314. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The company has a current ratio of 1.29, a quick ratio of 1.16 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $110.93 billion, a PE ratio of 12.37, a PEG ratio of 0.77 and a beta of 1.18. The company has a 50 day moving average of $100.44 and a two-hundred day moving average of $105.76.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data 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 net margin of 16.23% and a return on equity of 17.26%. As a group, equities analysts expect that ConocoPhillips will post 8.3 earnings per share for the current year.

Insider Activity

In other news, Director Arjun N. Murti bought 2,500 shares of the firm's stock in a transaction on Friday, December 20th. The stock was bought at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the acquisition, the director now directly owns 21,500 shares in the company, valued at $2,061,205. This represents a 13.16 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director R A. Walker bought 10,400 shares of the firm's stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the acquisition, the director now owns 38,000 shares of the company's stock, valued at approximately $3,716,400. This trade represents a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.34% of the company's stock.

Hedge Funds Weigh In On ConocoPhillips

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Albion Financial Group UT raised its position 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 period. Values First Advisors Inc. bought a new position in shares of ConocoPhillips in the third quarter valued at approximately $26,000. Murphy & Mullick Capital Management Corp bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $27,000. Finally, Reston Wealth Management LLC bought a new position in shares of ConocoPhillips in the third quarter valued at approximately $31,000. 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.