Credit Suisse Group initiated coverage on shares of ConocoPhillips (NYSE:COP) in a report released on Monday morning, Marketbeat.com reports. The firm issued a neutral rating and a $50.00 price objective on the energy producer’s stock.

Several other research firms also recently commented on COP. Royal Bank of Canada upped their price target on shares of ConocoPhillips from $58.00 to $60.00 and gave the company an outperform rating in a research report on Thursday, November 9th. BidaskClub downgraded shares of ConocoPhillips from a hold rating to a sell rating in a research report on Thursday, August 17th. Morgan Stanley upped their price target on shares of ConocoPhillips from $45.00 to $48.00 and gave the company an equal weight rating in a research report on Wednesday, October 18th. Barclays upped their price target on shares of ConocoPhillips from $55.00 to $59.00 and gave the company an overweight rating in a research report on Friday, October 27th. Finally, Piper Jaffray Companies reiterated a buy rating and issued a $52.00 price target on shares of ConocoPhillips in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $55.47.

Shares of ConocoPhillips (NYSE COP) opened at $52.31 on Monday. The firm has a market cap of $62,540.00, a P/E ratio of 2,598.00, a PEG ratio of 12.53 and a beta of 1.26. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $54.22.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, beating the consensus estimate of $0.08 by $0.08. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. The firm had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the prior year, the firm earned ($0.66) EPS. research analysts expect that ConocoPhillips will post 0.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 16th were given a dividend of $0.265 per share. The ex-dividend date was Friday, October 13th. This represents a $1.06 dividend on an annualized basis and a yield of 2.03%. ConocoPhillips’s payout ratio is currently -53.27%.

In other news, Director Charles E. Bunch acquired 2,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was bought at an average price of $52.06 per share, for a total transaction of $104,120.00. Following the transaction, the director now owns 3,429 shares in the company, valued at $178,513.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in COP. Financial Management Professionals Inc. grew its stake in shares of ConocoPhillips by 0.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after purchasing an additional 6 shares during the period. Cornerstone Advisors Inc. grew its stake in shares of ConocoPhillips by 1.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 3,755 shares of the energy producer’s stock worth $165,000 after purchasing an additional 37 shares during the period. WFG Advisors LP grew its stake in shares of ConocoPhillips by 0.4% during the 2nd quarter. WFG Advisors LP now owns 9,611 shares of the energy producer’s stock worth $423,000 after purchasing an additional 39 shares during the period. Genesee Valley Trust Co. grew its stake in shares of ConocoPhillips by 0.6% during the 2nd quarter. Genesee Valley Trust Co. now owns 7,095 shares of the energy producer’s stock worth $312,000 after purchasing an additional 45 shares during the period. Finally, Girard Partners LTD. grew its stake in shares of ConocoPhillips by 0.6% during the 2nd quarter. Girard Partners LTD. now owns 8,434 shares of the energy producer’s stock worth $371,000 after purchasing an additional 49 shares during the period. Institutional investors own 69.87% of the company’s stock.

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ConocoPhillips Company Profile

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

Analyst Recommendations for ConocoPhillips (NYSE:COP)

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