Credit Agricole SA downgraded shares of ConocoPhillips (NYSE:COP) from an outperform rating to an underperform rating in a research report released on Tuesday.

Several other equities analysts have also weighed in on COP. Deutsche Bank AG reaffirmed a buy rating on shares of ConocoPhillips in a research report on Sunday, July 31st. Simmons reaffirmed a neutral rating on shares of ConocoPhillips in a research report on Thursday, August 11th. Credit Suisse Group AG reaffirmed 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 objective 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, Vetr lowered shares of ConocoPhillips from a hold rating to a sell rating and set a $40.39 price objective on the stock. in a research report on Thursday, September 8th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $50.87.

ConocoPhillips (NYSE:COP) traded down 2.34% on Tuesday, reaching $44.22. 4,761,217 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $42.87 and a 200 day moving average of $42.84. The stock’s market capitalization is $54.79 billion. ConocoPhillips has a 12 month low of $31.05 and a 12 month high of $55.61.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 27th. The company reported ($0.66) earnings per share for the quarter, beating the consensus estimate 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 last year, the firm earned ($0.38) EPS. Equities analysts predict that ConocoPhillips will post ($2.82) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, October 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is currently -17.67%.

A number of institutional investors have recently added to or reduced their stakes in COP. Pinkerton Retirement Specialists LLC increased its position in ConocoPhillips by 5,507.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,411 shares of the company’s stock worth $105,000 after buying an additional 2,368 shares during the period. Smith Asset Management Group LP increased its position in ConocoPhillips by 6.0% in the third quarter. Smith Asset Management Group LP now owns 2,470 shares of the company’s stock worth $107,000 after buying an additional 140 shares during the period. Quadrant Capital Group LLC increased its position in ConocoPhillips by 100.0% in the second quarter. Quadrant Capital Group LLC now owns 2,742 shares of the company’s stock worth $109,000 after buying an additional 1,371 shares during the period. Integrated Investment Consultants LLC increased its position in 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 period. Finally, Signaturefd LLC increased its position in ConocoPhillips by 16.9% in the second quarter. Signaturefd LLC now owns 2,648 shares of the company’s stock worth $115,000 after buying an additional 383 shares during the period. 64.37% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:COP

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