ConocoPhillips (COP) Raised to “Strong-Buy” at Vetr Inc.
ConocoPhillips (NYSE:COP) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The firm presently has a $50.61 price objective on the stock. Vetr‘s target price suggests a potential upside of 15.18% from the company’s previous close.
A number of other research analysts have also weighed in on the stock. Deutsche Bank AG reissued a “buy” rating on shares of ConocoPhillips in a research report on Sunday, July 31st. Simmons reissued a “neutral” rating on shares of ConocoPhillips in a research report on Thursday, August 11th. Credit Suisse Group AG reissued a “neutral” rating on shares of ConocoPhillips in a research report on Tuesday, September 6th. Jefferies Group raised shares of ConocoPhillips from an “underperform” rating to a “hold” rating and raised their price target for the company from $30.00 to $40.00 in a research report on Wednesday, September 7th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and set a $51.00 price target on the stock in a research report on Monday, September 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $50.58.
ConocoPhillips (NYSE:COP) opened at 43.94 on Monday. The firm’s 50 day moving average is $42.87 and its 200-day moving average is $42.84. ConocoPhillips has a 12 month low of $31.05 and a 12 month high of $55.61. The firm’s market cap is $54.44 billion.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 27th. The company reported ($0.66) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.03. ConocoPhillips had a negative net margin of 29.45% and a negative return on equity of 10.68%. During the same quarter in the previous year, the company earned ($0.38) earnings per share. On average, equities analysts forecast that ConocoPhillips will post ($2.80) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, October 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.28%. ConocoPhillips’s payout ratio is -17.67%.
Several large investors have recently made changes to their positions in the company. Telemus Capital LLC raised its stake in shares of ConocoPhillips by 0.5% in the third quarter. Telemus Capital LLC now owns 6,435 shares of the company’s stock worth $280,000 after buying an additional 29 shares during the last quarter. Bahl & Gaynor Inc. raised its stake in shares of ConocoPhillips by 0.6% in the third quarter. Bahl & Gaynor Inc. now owns 6,136 shares of the company’s stock worth $267,000 after buying an additional 35 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of ConocoPhillips by 0.3% in the second quarter. Sequoia Financial Advisors LLC now owns 13,780 shares of the company’s stock worth $601,000 after buying an additional 43 shares during the last quarter. Integrated Investment Consultants LLC raised its stake in shares of ConocoPhillips by 2.0% in the third quarter. Integrated Investment Consultants LLC now owns 2,594 shares of the company’s stock worth $109,000 after buying an additional 51 shares during the last quarter. Finally, NEXT Financial Group Inc raised its stake in shares of ConocoPhillips by 0.3% in the second quarter. NEXT Financial Group Inc now owns 17,453 shares of the company’s stock worth $760,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 63.75% of the company’s stock.
ConocoPhillips Company Profile
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.
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