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 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.
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.
- Get a free copy of the StockNews.com research report on ConocoPhillips (COP)
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