ConocoPhillips (NYSE:COP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

ConocoPhillips (NYSE:COPGet Rating) has earned an average recommendation of “Moderate Buy” from the twenty research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $121.47.

Several analysts have recently issued reports on the stock. Mizuho reduced their price target on shares of ConocoPhillips from $148.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, August 18th. Bank of America upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and cut their target price for the stock from $135.00 to $134.00 in a research note on Tuesday, July 19th. Piper Sandler upped their target price on shares of ConocoPhillips from $123.00 to $134.00 and gave the stock an “overweight” rating in a research note on Monday, September 12th. The Goldman Sachs Group cut their target price on shares of ConocoPhillips from $140.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, June 22nd. Finally, StockNews.com lowered shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research note on Tuesday, August 16th.

Insider Buying and Selling

In related news, EVP Nicholas G. Olds sold 10,950 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $116.52, for a total transaction of $1,275,894.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On ConocoPhillips

A number of hedge funds and other institutional investors have recently bought and sold shares of COP. Capital World Investors lifted its holdings in ConocoPhillips by 62.4% in the first quarter. Capital World Investors now owns 23,463,085 shares of the energy producer’s stock valued at $2,346,309,000 after acquiring an additional 9,014,700 shares during the period. FMR LLC lifted its holdings in ConocoPhillips by 64.8% in the second quarter. FMR LLC now owns 21,177,310 shares of the energy producer’s stock valued at $1,901,935,000 after acquiring an additional 8,323,587 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in ConocoPhillips in the first quarter valued at $702,569,000. BlackRock Inc. lifted its holdings in ConocoPhillips by 3.4% in the fourth quarter. BlackRock Inc. now owns 111,073,845 shares of the energy producer’s stock valued at $8,017,310,000 after acquiring an additional 3,652,817 shares during the period. Finally, Capital Research Global Investors lifted its holdings in ConocoPhillips by 28.2% in the first quarter. Capital Research Global Investors now owns 12,335,053 shares of the energy producer’s stock valued at $1,233,506,000 after acquiring an additional 2,715,820 shares during the period. Institutional investors and hedge funds own 79.66% of the company’s stock.

ConocoPhillips Trading Down 2.1 %

Shares of COP stock opened at $113.13 on Monday. The company’s 50-day moving average price is $100.18 and its 200-day moving average price is $100.92. ConocoPhillips has a twelve month low of $56.30 and a twelve month high of $124.08. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a market cap of $146.33 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 0.37 and a beta of 1.31.

ConocoPhillips (NYSE:COPGet Rating) last posted its earnings results on Thursday, August 4th. The energy producer reported $3.91 EPS for the quarter, missing analysts’ consensus estimates of $3.95 by ($0.04). ConocoPhillips had a net margin of 23.10% and a return on equity of 31.24%. During the same quarter last year, the firm posted $1.27 earnings per share. As a group, equities analysts predict that ConocoPhillips will post 14.68 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a None dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 29th will be issued a dividend of $1.40 per share. The ex-dividend date is Thursday, September 29th. ConocoPhillips’s dividend payout ratio is presently 15.19%.

ConocoPhillips Company Profile

(Get Rating)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's 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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Analyst Recommendations for ConocoPhillips (NYSE:COP)

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