ConocoPhillips (NYSE:COP) PT Raised to $151.00 at Wells Fargo & Company

ConocoPhillips (NYSE:COP) had its target price raised by analysts at Wells Fargo & Company from $149.00 to $151.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the energy producer’s stock. Wells Fargo & Company‘s target price points to a potential upside of 23.54% from the company’s current price.

Other equities research analysts have also issued reports about the company. Barclays assumed coverage on ConocoPhillips in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Susquehanna raised their target price on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Scotiabank boosted their price target on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, Mizuho reissued a “neutral” rating and issued a $139.00 price target (up from $132.00) on shares of ConocoPhillips in a research note on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $142.76.

ConocoPhillips Trading Down 0.0 %

NYSE:COP traded down $0.02 during midday trading on Friday, reaching $122.23. 5,020,657 shares of the stock traded hands, compared to its average volume of 4,434,834. The stock has a market capitalization of $143.79 billion, a P/E ratio of 13.84, a PEG ratio of 2.68 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.29 and a current ratio of 1.35. The company has a fifty day moving average of $123.85 and a 200 day moving average of $117.73. ConocoPhillips has a 12 month low of $95.81 and a 12 month high of $135.18.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, beating the consensus estimate of $2.08 by $0.32. The firm had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. During the same period in the prior year, the firm posted $2.71 earnings per share. On average, research analysts predict that ConocoPhillips will post 9.1 EPS for the current year.

Insider Transactions at ConocoPhillips

In other news, EVP Nicholas G. Olds sold 12,150 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $126.44, for a total value of $1,536,246.00. Following the transaction, the executive vice president now owns 14,522 shares in the company, valued at $1,836,161.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Nicholas G. Olds sold 12,150 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total value of $1,536,246.00. Following the completion of the transaction, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. Insiders sold a total of 700,775 shares of company stock valued at $87,615,169 in the last quarter. 0.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in COP. Price T Rowe Associates Inc. MD lifted its stake in shares of ConocoPhillips by 24.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,712,617 shares of the energy producer’s stock worth $2,752,325,000 after purchasing an additional 4,726,952 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in ConocoPhillips by 512.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,737,026 shares of the energy producer’s stock worth $433,757,000 after acquiring an additional 3,127,165 shares during the period. Alphinity Investment Management Pty Ltd purchased a new position in shares of ConocoPhillips during the 3rd quarter worth $310,102,000. Capital Wealth Planning LLC grew its position in shares of ConocoPhillips by 45,426.8% during the 3rd quarter. Capital Wealth Planning LLC now owns 1,429,085 shares of the energy producer’s stock valued at $171,204,000 after acquiring an additional 1,425,946 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of ConocoPhillips by 3,931.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,455,878 shares of the energy producer’s stock worth $185,304,000 after purchasing an additional 1,419,764 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.