ConocoPhillips (NYSE:COP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of ConocoPhillips (NYSE:COP – Get Rating) have received a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $137.58.

Several brokerages recently commented on COP. Barclays dropped their price objective on ConocoPhillips from $160.00 to $141.00 in a research note on Thursday, March 23rd. Capital One Financial downgraded ConocoPhillips from an “overweight” rating to an “equal weight” rating and set a $102.00 price objective on the stock. in a research note on Friday, February 3rd. UBS Group began coverage on ConocoPhillips in a research note on Wednesday, April 19th. They set a “buy” rating and a $139.00 price objective on the stock. Roth Capital reaffirmed a “buy” rating on shares of ConocoPhillips in a research note on Wednesday, February 1st. Finally, Raymond James increased their target price on ConocoPhillips from $135.00 to $142.00 and gave the stock a “strong-buy” rating in a report on Friday, April 21st.

ConocoPhillips Stock Performance

COP stock opened at $101.85 on Friday. The business’s fifty day moving average is $102.00 and its 200-day moving average is $110.89. The company has a quick ratio of 1.29, a current ratio of 1.39 and a debt-to-equity ratio of 0.32. The company has a market cap of $123.24 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 0.57 and a beta of 1.30. ConocoPhillips has a twelve month low of $78.30 and a twelve month high of $138.49.

ConocoPhillips (NYSE:COP – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The energy producer reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.36. The company had revenue of $15.52 billion for the quarter, compared to the consensus estimate of $16.06 billion. ConocoPhillips had a return on equity of 32.75% and a net margin of 20.21%. The firm’s quarterly revenue was down 19.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.27 EPS. Equities research analysts forecast that ConocoPhillips will post 10.04 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Tuesday, May 16th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Monday, June 26th. ConocoPhillips’s payout ratio is currently 16.32%.

Insider Buying and Selling

In related news, Director Caroline Maury Devine sold 1,000 shares of ConocoPhillips stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $102.08, for a total transaction of $102,080.00. Following the completion of the transaction, the director now owns 849 shares in the company, valued at $86,665.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ConocoPhillips

Hedge funds have recently bought and sold shares of the stock. Whalerock Point Partners LLC acquired a new stake in ConocoPhillips during the third quarter worth approximately $204,680,000. Ten Capital Wealth Advisors LLC lifted its position in ConocoPhillips by 205.8% during the fourth quarter. Ten Capital Wealth Advisors LLC now owns 211 shares of the energy producer’s stock worth $25,000 after acquiring an additional 142 shares during the last quarter. Orion Capital Management LLC lifted its position in ConocoPhillips by 149.5% during the fourth quarter. Orion Capital Management LLC now owns 227 shares of the energy producer’s stock worth $27,000 after acquiring an additional 136 shares during the last quarter. Moisand Fitzgerald Tamayo LLC lifted its position in ConocoPhillips by 93.4% during the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 236 shares of the energy producer’s stock worth $28,000 after acquiring an additional 114 shares during the last quarter. Finally, Semmax Financial Advisors Inc. acquired a new stake in ConocoPhillips during the third quarter worth approximately $33,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

About ConocoPhillips

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ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International.