ConocoPhillips (COP) PT Raised to $46.00 at Jefferies Group
ConocoPhillips (NYSE:COP) had its price target raised by equities research analysts at Jefferies Group to $46.00 in a research report issued on Monday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target suggests a potential upside of 1.59% from the stock’s previous close.
Several other equities research analysts have also issued reports on COP. RBC Capital Markets restated an “outperform” rating and issued a $53.00 target price (up previously from $52.00) on shares of ConocoPhillips in a report on Monday, October 31st. Vetr upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating and set a $42.73 target price for the company in a report on Monday, September 12th. Simmons restated a “neutral” rating on shares of ConocoPhillips in a report on Thursday, August 11th. JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and set a $51.00 target price for the company in a report on Monday, September 12th. Finally, Credit Suisse Group AG reiterated a “neutral” rating on shares of ConocoPhillips in a report on Tuesday, September 6th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.87.
Shares of ConocoPhillips (NYSE:COP) opened at 45.28 on Monday. ConocoPhillips has a one year low of $31.05 and a one year high of $55.61. The stock’s market cap is $56.10 billion. The firm has a 50-day moving average of $42.87 and a 200-day moving average of $42.84.
ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 27th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 period last year, the firm posted ($0.38) earnings per share. On average, equities research analysts expect that ConocoPhillips will post ($2.82) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, October 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Thursday, October 13th. ConocoPhillips’s dividend payout ratio is currently -17.67%.
Institutional investors have recently bought and sold shares of the stock. Telemus Capital LLC boosted its position in ConocoPhillips by 0.5% in the third quarter. Telemus Capital LLC now owns 6,435 shares of the company’s stock valued at $280,000 after buying an additional 29 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in 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 in the last quarter. Sequoia Financial Advisors LLC boosted its position in 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 in the last quarter. Integrated Investment Consultants LLC boosted 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 in the last quarter. Finally, NEXT Financial Group Inc boosted its position in 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 in the last quarter. Hedge funds and other institutional investors own 64.37% 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.
Receive News & Stock Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related stocks with our FREE daily email newsletter.