ConocoPhillips (COP) Receives Average Rating of “Buy” from Brokerages
Shares of ConocoPhillips (NYSE:COP) have received an average rating of “Buy” from the twenty-five ratings firms that are presently covering the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $51.38.
Several equities analysts have issued reports on COP shares. Edward Jones raised ConocoPhillips from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Zacks Investment Research lowered ConocoPhillips from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Barclays PLC reaffirmed a “buy” rating and set a $60.00 price objective on shares of ConocoPhillips in a report on Tuesday, November 8th. Citigroup Inc. reaffirmed a “buy” rating on shares of ConocoPhillips in a report on Sunday. Finally, Piper Jaffray Cos. raised ConocoPhillips from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $44.00 to $53.00 in a report on Friday, October 28th.
Large investors have recently bought and sold shares of the stock. AIMZ Investment Advisors LLC bought a new stake in ConocoPhillips during the first quarter worth about $205,000. Squarepoint Ops LLC increased its stake in ConocoPhillips by 827.9% in the first quarter. Squarepoint Ops LLC now owns 55,885 shares of the company’s stock worth $2,250,000 after buying an additional 49,862 shares during the last quarter. Seven Eight Capital LLC increased its stake in ConocoPhillips by 902.9% in the first quarter. Seven Eight Capital LLC now owns 31,502 shares of the company’s stock worth $1,269,000 after buying an additional 28,361 shares during the last quarter. Babson Capital Management LLC increased its stake in ConocoPhillips by 12.4% in the first quarter. Babson Capital Management LLC now owns 114,742 shares of the company’s stock worth $4,621,000 after buying an additional 12,700 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in ConocoPhillips during the first quarter worth about $3,872,000. Institutional investors own 64.37% of the company’s stock.
ConocoPhillips (NYSE:COP) opened at 44.13 on Thursday. ConocoPhillips has a 12-month low of $31.05 and a 12-month high of $55.61. The firm’s market cap is $54.68 billion. The company has a 50-day moving average price of $42.87 and a 200-day moving average price of $42.84.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, October 27th. The company reported ($0.66) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.03. ConocoPhillips had a negative return on equity of 10.68% and a negative net margin of 29.45%. During the same period in the previous year, the firm earned ($0.38) EPS. On average, equities analysts predict that ConocoPhillips will post ($2.82) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, October 17th will be given a dividend of $0.25 per share. 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 2.27%. ConocoPhillips’s payout ratio is -17.67%.
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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