ConocoPhillips (NYSE:COP) Receives $134.04 Consensus PT from Analysts

ConocoPhillips (NYSE:COP) has earned a consensus recommendation of “Moderate Buy” from the twenty-eight research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $134.16.

A number of equities analysts have recently commented on COP shares. Royal Bank Of Canada set a $130.00 price target on shares of ConocoPhillips in a report on Monday, June 22nd. Mizuho lowered their target price on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Scotiabank lifted their target price on ConocoPhillips from $100.00 to $125.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Barclays upped their price target on ConocoPhillips from $136.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Susquehanna increased their price target on ConocoPhillips from $152.00 to $155.00 and gave the company a “positive” rating in a research note on Tuesday, July 21st.

ConocoPhillips Stock Performance

ConocoPhillips stock opened at $120.30 on Monday. The business has a 50 day moving average of $113.50 and a 200-day moving average of $114.33. The company has a market capitalization of $146.56 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.45 and a beta of 0.12. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping the consensus estimate of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The business had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period last year, the company earned $2.09 EPS. The firm’s revenue was down 6.1% compared to the same quarter last year. On average, equities research analysts predict that ConocoPhillips will post 9.2 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a $0.84 dividend. The ex-dividend date was Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 2.8%. ConocoPhillips’s dividend payout ratio is presently 57.05%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC boosted its stake in shares of ConocoPhillips by 7.2% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 2,003 shares of the energy producer’s stock valued at $208,000 after purchasing an additional 134 shares during the last quarter. Cardinal Capital Management Inc. increased its position in shares of ConocoPhillips by 0.7% during the second quarter. Cardinal Capital Management Inc. now owns 138,844 shares of the energy producer’s stock worth $14,434,000 after buying an additional 976 shares during the period. Tema ETFs LLC raised its stake in ConocoPhillips by 10.6% during the second quarter. Tema ETFs LLC now owns 21,148 shares of the energy producer’s stock worth $2,199,000 after buying an additional 2,030 shares during the last quarter. Doliver Advisors LP bought a new position in ConocoPhillips during the second quarter worth $206,000. Finally, Generali Investments Management Co LLC lifted its holdings in ConocoPhillips by 3.8% in the second quarter. Generali Investments Management Co LLC now owns 12,156 shares of the energy producer’s stock valued at $1,264,000 after buying an additional 440 shares during the period. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.