Shares of ConocoPhillips (NYSE:COP) have received a consensus rating of “Buy” from the sixteen research firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $76.85.
A number of equities analysts recently issued reports on COP shares. Zacks Investment Research raised ConocoPhillips from a “strong sell” rating to a “hold” rating and set a $52.00 price objective for the company in a report on Thursday, July 11th. Mizuho raised ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $74.00 to $80.00 in a report on Wednesday, June 26th. Morgan Stanley decreased their price objective on ConocoPhillips from $84.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Credit Suisse Group lowered ConocoPhillips from an “outperform” rating to a “neutral” rating and set a $64.00 price objective for the company. in a report on Wednesday, May 1st. Finally, Barclays started coverage on ConocoPhillips in a report on Monday. They issued an “overweight” rating and a $79.00 price objective for the company.
A number of hedge funds and other institutional investors have recently modified their holdings of COP. Farmers & Merchants Investments Inc. lifted its position in shares of ConocoPhillips by 0.5% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 34,226 shares of the energy producer’s stock valued at $2,284,000 after acquiring an additional 160 shares during the last quarter. Kanawha Capital Management LLC lifted its position in shares of ConocoPhillips by 0.9% during the 1st quarter. Kanawha Capital Management LLC now owns 18,026 shares of the energy producer’s stock valued at $1,203,000 after acquiring an additional 165 shares during the last quarter. CNB Bank lifted its position in shares of ConocoPhillips by 4.6% during the 1st quarter. CNB Bank now owns 3,980 shares of the energy producer’s stock valued at $266,000 after acquiring an additional 175 shares during the last quarter. Smart Money Group LLC lifted its position in shares of ConocoPhillips by 2.6% during the 2nd quarter. Smart Money Group LLC now owns 6,918 shares of the energy producer’s stock valued at $422,000 after acquiring an additional 177 shares during the last quarter. Finally, Full Sail Capital LLC lifted its position in shares of ConocoPhillips by 4.6% during the 1st quarter. Full Sail Capital LLC now owns 4,031 shares of the energy producer’s stock valued at $269,000 after acquiring an additional 179 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:COP traded down $0.08 during trading on Wednesday, hitting $52.63. 4,989,525 shares of the company traded hands, compared to its average volume of 6,563,683. The stock has a market capitalization of $59.19 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.34 and a beta of 0.99. The business’s fifty day moving average is $57.48 and its 200-day moving average is $62.71. ConocoPhillips has a one year low of $50.59 and a one year high of $80.24. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.45.
ConocoPhillips (NYSE:COP) last posted its earnings results on Tuesday, July 30th. The energy producer reported $1.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.02). ConocoPhillips had a net margin of 18.33% and a return on equity of 15.96%. The company had revenue of $8.38 billion for the quarter, compared to the consensus estimate of $9.42 billion. During the same period last year, the company posted $1.09 earnings per share. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, analysts forecast that ConocoPhillips will post 4.04 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, July 22nd will be paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, July 19th. ConocoPhillips’s payout ratio is currently 26.93%.
ConocoPhillips Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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