ConocoPhillips (NYSE:COP) Given New $175.00 Price Target at Susquehanna

ConocoPhillips (NYSE:COP) had its price target lifted by stock analysts at Susquehanna from $161.00 to $175.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “positive” rating on the energy producer’s stock. Susquehanna’s price target points to a potential upside of 20.41% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Stifel Nicolaus initiated coverage on ConocoPhillips in a research note on Thursday, September 10th. They set a “hold” rating and a $148.00 price objective on the stock. Mizuho lowered their target price on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Weiss Ratings upgraded ConocoPhillips from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Jefferies Financial Group raised their target price on ConocoPhillips from $159.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Finally, Roth Capital raised ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $124.00 to $130.00 in a research report on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

ConocoPhillips Price Performance

ConocoPhillips stock opened at $145.34 on Tuesday. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $146.70. The firm has a fifty day moving average of $132.56 and a 200-day moving average of $122.46. The firm has a market capitalization of $174.60 billion, a P/E ratio of 19.22, a PEG ratio of 1.45 and a beta of 0.24. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same quarter in the previous year, the business posted $1.42 EPS. The business’s quarterly revenue was up 32.4% on a year-over-year basis. As a group, analysts predict that ConocoPhillips will post 11.19 EPS for the current year.

Insider Activity at ConocoPhillips

In related news, SVP Andrew Lundquist sold 9,487 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $135.15, for a total value of $1,282,168.05. Following the transaction, the senior vice president owned 9,593 shares in the company, valued at approximately $1,296,493.95. The trade was a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On ConocoPhillips

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in ConocoPhillips by 0.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 180,687 shares of the energy producer’s stock valued at $22,613,000 after acquiring an additional 1,539 shares in the last quarter. CFS Investment Advisory Services LLC increased its position in shares of ConocoPhillips by 8.1% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 8,278 shares of the energy producer’s stock worth $1,071,000 after purchasing an additional 618 shares during the last quarter. Grandview Asset Management LLC raised its stake in shares of ConocoPhillips by 8.9% in the 3rd quarter. Grandview Asset Management LLC now owns 2,583 shares of the energy producer’s stock valued at $323,000 after purchasing an additional 212 shares in the last quarter. Warwick Investment Management Inc. raised its stake in shares of ConocoPhillips by 2.1% in the 3rd quarter. Warwick Investment Management Inc. now owns 4,066 shares of the energy producer’s stock valued at $509,000 after purchasing an additional 82 shares in the last quarter. Finally, Maia Wealth LLC lifted its position in shares of ConocoPhillips by 13.3% during the third quarter. Maia Wealth LLC now owns 17,143 shares of the energy producer’s stock worth $2,145,000 after purchasing an additional 2,010 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Company Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing oil, natural gas and natural gas liquids. Unlike integrated energy companies, it primarily focuses on upstream activities rather than operating large refining or retail fuel businesses.

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.