Shares of ConocoPhillips (NYSE:COP) hit a new 52-week low during trading on Wednesday . The company traded as low as $51.85 and last traded at $51.99, with a volume of 776718 shares. The stock had previously closed at $53.87.

A number of brokerages have recently commented on COP. Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $74.00 to $80.00 in a research note on Wednesday, June 26th. ValuEngine upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Thursday, June 27th. Credit Suisse Group lowered shares of ConocoPhillips from an “outperform” rating to a “neutral” rating and set a $64.00 price target for the company. in a research note on Wednesday, May 1st. JPMorgan Chase & Co. reduced their price target on shares of ConocoPhillips from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, Bank of America upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a research note on Wednesday, July 17th. Five research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. ConocoPhillips currently has a consensus rating of “Buy” and an average target price of $77.07.

The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $59.96 billion, a P/E ratio of 11.48, a PEG ratio of 1.41 and a beta of 0.99. The company has a fifty day moving average of $58.96.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Tuesday, July 30th. The energy producer reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.02). The business had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $9.42 billion. ConocoPhillips had a return on equity of 15.96% and a net margin of 18.33%. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 EPS. As a group, equities analysts expect that ConocoPhillips will post 4.04 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, July 22nd will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, July 19th. ConocoPhillips’s payout ratio is 26.93%.

Several institutional investors and hedge funds have recently bought and sold shares of COP. Silvercrest Asset Management Group LLC lifted its holdings in ConocoPhillips by 45.5% during the second quarter. Silvercrest Asset Management Group LLC now owns 180,393 shares of the energy producer’s stock valued at $11,004,000 after purchasing an additional 56,394 shares in the last quarter. Vanguard Group Inc. lifted its holdings in ConocoPhillips by 0.3% during the second quarter. Vanguard Group Inc. now owns 90,335,159 shares of the energy producer’s stock valued at $5,510,444,000 after purchasing an additional 269,794 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in ConocoPhillips by 423.1% during the second quarter. Sterling Capital Management LLC now owns 169,193 shares of the energy producer’s stock valued at $10,321,000 after purchasing an additional 136,850 shares in the last quarter. CoreCommodity Management LLC lifted its holdings in ConocoPhillips by 125.5% during the second quarter. CoreCommodity Management LLC now owns 31,024 shares of the energy producer’s stock valued at $1,892,000 after purchasing an additional 17,267 shares in the last quarter. Finally, Ellington Management Group LLC purchased a new position in ConocoPhillips during the second quarter valued at approximately $2,538,000. 73.64% of the stock is currently owned by institutional investors.

ConocoPhillips Company Profile (NYSE:COP)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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