ConocoPhillips (COP) Stock Rating Upgraded by Vetr Inc.
ConocoPhillips (NYSE:COP) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday. The firm currently has a $51.61 price target on the stock. Vetr‘s price objective would suggest a potential upside of 16.69% from the stock’s current price.
COP has been the subject of several other research reports. cut ConocoPhillips from an “outperform” rating to an “underperform” rating in a report on Tuesday, November 15th. Zacks Investment Research cut ConocoPhillips from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Nomura reaffirmed a “hold” rating and issued a $49.00 price target on shares of ConocoPhillips in a report on Monday, October 3rd. JPMorgan Chase & Co. raised ConocoPhillips from a “neutral” rating to an “overweight” rating and set a $51.00 price target for the company in a report on Monday, September 12th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of ConocoPhillips in a report on Tuesday, November 8th. Five analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.73.
Shares of ConocoPhillips (NYSE:COP) opened at 44.23 on Monday. The firm’s 50-day moving average price is $43.63 and its 200-day moving average price is $42.81. The company’s market capitalization is $54.80 billion. ConocoPhillips has a 12 month low of $31.05 and a 12 month high of $54.57.
ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, October 27th. The company reported ($0.66) EPS for the quarter, beating analysts’ consensus estimates 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 previous year, the company earned ($0.38) earnings per share. Equities research analysts expect that ConocoPhillips will post ($2.83) EPS for the current year.
The company also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is currently -17.67%.
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Hedge funds have recently bought and sold shares of the company. Trust Co boosted its stake in ConocoPhillips by 11.0% in the first quarter. Trust Co now owns 40,388 shares of the company’s stock worth $1,627,000 after buying an additional 4,005 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in shares of ConocoPhillips by 1.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,063,699 shares of the company’s stock valued at $46,376,000 after buying an additional 13,717 shares during the period. Stillwater Investment Management LLC boosted its position in shares of ConocoPhillips by 7.2% in the second quarter. Stillwater Investment Management LLC now owns 29,075 shares of the company’s stock valued at $1,268,000 after buying an additional 1,962 shares during the period. Exxonmobil Investment Management Inc. TX boosted its position in shares of ConocoPhillips by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 320,557 shares of the company’s stock valued at $13,976,000 after buying an additional 19,572 shares during the period. Finally, DNB Asset Management AS boosted its position in shares of ConocoPhillips by 4.0% in the second quarter. DNB Asset Management AS now owns 108,723 shares of the company’s stock valued at $4,740,000 after buying an additional 4,200 shares during the period. Institutional investors and hedge funds own 63.51% of the company’s stock.
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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