ConocoPhillips (NYSE:COP) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They presently have a $50.41 price target on the stock. Vetr‘s price target indicates a potential upside of 9.42% from the company’s current price.

A number of other analysts have also recently commented on the company. Edward Jones upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Zacks Investment Research cut ConocoPhillips from a “hold” rating to a “sell” rating in a research report on Monday, October 24th. Barclays PLC reiterated a “buy” rating and set a $60.00 target price on shares of ConocoPhillips in a research report on Tuesday, November 8th. Citigroup Inc. reiterated a “buy” rating on shares of ConocoPhillips in a research report on Sunday, November 13th. Finally, Piper Jaffray Cos. upgraded ConocoPhillips from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $44.00 to $53.00 in a research report on Friday, October 28th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $50.87.

Analyst Recommendations for ConocoPhillips (NYSE:COP)

ConocoPhillips (NYSE:COP) opened at 46.07 on Monday. The stock’s market cap is $57.08 billion. The firm’s 50-day moving average price is $43.49 and its 200-day moving average price is $42.75. ConocoPhillips has a 12 month low of $31.05 and a 12 month high of $55.08.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, October 27th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the business posted ($0.38) earnings per share. On average, analysts predict that ConocoPhillips will post ($2.83) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders 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 annualized dividend and a yield of 2.17%. ConocoPhillips’s dividend payout ratio (DPR) is presently -17.67%.

A number of hedge funds and other institutional investors have recently modified their holdings of COP. Pinkerton Retirement Specialists LLC increased its position in shares of ConocoPhillips by 5,507.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,411 shares of the company’s stock valued at $105,000 after buying an additional 2,368 shares during the period. Smith Asset Management Group LP increased its position in shares of ConocoPhillips by 6.0% in the third quarter. Smith Asset Management Group LP now owns 2,470 shares of the company’s stock valued at $107,000 after buying an additional 140 shares during the period. Quadrant Capital Group LLC increased its position in shares of ConocoPhillips by 100.0% in the second quarter. Quadrant Capital Group LLC now owns 2,742 shares of the company’s stock valued at $109,000 after buying an additional 1,371 shares during the period. Integrated Investment Consultants LLC increased its position 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 valued at $109,000 after buying an additional 51 shares during the period. Finally, Signaturefd LLC increased its position in shares of ConocoPhillips by 16.9% in the second quarter. Signaturefd LLC now owns 2,648 shares of the company’s stock valued at $115,000 after buying an additional 383 shares during the period. Institutional investors own 64.69% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2016/11/23/conocophillips-cop-stock-rating-lowered-by-vetr-inc.html.

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

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.