ConocoPhillips (NYSE:COP) has been given a consensus recommendation of “Hold” by the twenty-three ratings firms that are covering the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $49.79.

A number of research analysts have recently issued reports on the stock. Nomura reiterated a “hold” rating and set a $49.00 price target on shares of ConocoPhillips in a research note on Monday. Vetr upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating and set a $42.73 price target on the stock in a research note on Monday, September 12th. JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and set a $51.00 price target on the stock in a research note on Monday, September 12th. Jefferies Group upgraded shares of ConocoPhillips from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $30.00 to $40.00 in a research note on Wednesday, September 7th. They noted that the move was a valuation call. Finally, Credit Suisse Group AG restated a “neutral” rating on shares of ConocoPhillips in a research report on Tuesday, September 6th.

ConocoPhillips (NYSE:COP) traded up 2.71% on Wednesday, reaching $44.03. 3,575,313 shares of the company’s stock were exchanged. The company’s market cap is $54.53 billion. ConocoPhillips has a 12-month low of $31.05 and a 12-month high of $57.24. The firm has a 50 day moving average of $41.71 and a 200-day moving average of $42.69.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by $0.18. ConocoPhillips had a negative return on equity of 9.26% and a negative net margin of 28.40%. The firm had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same quarter last year, the firm earned $0.07 earnings per share. The company’s revenue was down 35.6% compared to the same quarter last year. Equities analysts expect that ConocoPhillips will post ($2.47) EPS for the current fiscal year.

In other news, VP Ellen Desanctis purchased 5,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average cost of $40.50 per share, with a total value of $202,500.00. Following the acquisition, the vice president now owns 22,010 shares in the company, valued at $891,405. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Arjun N. Murti purchased 6,500 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were purchased at an average cost of $39.72 per share, with a total value of $258,180.00. Following the completion of the acquisition, the director now owns 19,000 shares in the company, valued at approximately $754,680. The disclosure for this purchase can be found here. Corporate insiders own 0.07% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in ConocoPhillips by 61.3% in the second quarter. FMR LLC now owns 41,549,843 shares of the company’s stock worth $1,811,573,000 after buying an additional 15,793,307 shares during the last quarter. State Street Corp raised its stake in ConocoPhillips by 4.2% in the first quarter. State Street Corp now owns 56,542,943 shares of the company’s stock worth $2,276,976,000 after buying an additional 2,293,983 shares during the last quarter. Vanguard Group Inc. raised its stake in ConocoPhillips by 2.4% in the second quarter. Vanguard Group Inc. now owns 81,195,111 shares of the company’s stock worth $3,540,106,000 after buying an additional 1,937,880 shares during the last quarter. Ameriprise Financial Inc. raised its stake in ConocoPhillips by 16.6% in the second quarter. Ameriprise Financial Inc. now owns 12,097,088 shares of the company’s stock worth $527,432,000 after buying an additional 1,718,788 shares during the last quarter. Finally, AXA raised its stake in ConocoPhillips by 251.5% in the second quarter. AXA now owns 2,219,021 shares of the company’s stock worth $96,749,000 after buying an additional 1,587,753 shares during the last quarter. 63.70% of the stock is owned by institutional investors and hedge funds.

About ConocoPhillips

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). The Company operates through six operating segments, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.

5 Day Chart for NYSE:COP

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