ConocoPhillips (NYSE:COP – Free Report) had its target price increased by Truist Financial from $160.00 to $165.00 in a report issued on Monday, Benzinga reports. The firm currently has a buy rating on the energy producer’s stock.
A number of other equities analysts also recently issued reports on COP. Wells Fargo & Company increased their price target on shares of ConocoPhillips from $149.00 to $151.00 and gave the company an overweight rating in a report on Friday, May 3rd. Morgan Stanley raised their target price on shares of ConocoPhillips from $123.00 to $129.00 and gave the company an overweight rating in a report on Thursday, March 28th. Mizuho raised their target price on shares of ConocoPhillips from $139.00 to $142.00 and gave the company a neutral rating in a report on Monday, May 13th. Susquehanna raised their target price on shares of ConocoPhillips from $133.00 to $154.00 and gave the company a positive rating in a report on Monday, April 22nd. Finally, UBS Group raised their target price on shares of ConocoPhillips from $138.00 to $143.00 and gave the company a buy rating in a report on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $144.94.
View Our Latest Stock Analysis on COP
ConocoPhillips Stock Down 2.2 %
COP stock opened at $113.87 on Monday. ConocoPhillips has a one year low of $99.35 and a one year high of $135.18. The stock has a market capitalization of $133.17 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 2.58 and a beta of 1.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35. The company has a fifty day moving average of $125.09 and a 200-day moving average of $117.83.
ConocoPhillips (NYSE:COP – Get Free Report) last released its earnings results on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, topping the consensus estimate of $1.99 by $0.04. The company had revenue of $14.48 billion during the quarter, compared to analysts’ expectations of $14.72 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. As a group, analysts expect that ConocoPhillips will post 9.05 EPS for the current year.
ConocoPhillips Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were given a $0.78 dividend. The ex-dividend date was Friday, May 10th. This represents a $3.12 annualized dividend and a dividend yield of 2.74%. ConocoPhillips’s dividend payout ratio is presently 26.27%.
Insider Buying and Selling
In related news, CEO Ryan Michael Lance sold 607,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $125.91, for a total value of $76,427,370.00. Following the sale, the chief executive officer now directly owns 6,780 shares of the company’s stock, valued at $853,669.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the transaction, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ryan Michael Lance sold 607,000 shares of ConocoPhillips stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the transaction, the chief executive officer now directly owns 6,780 shares in the company, valued at $853,669.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 664,350 shares of company stock valued at $83,537,680. Insiders own 0.34% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in ConocoPhillips by 35.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,192,580 shares of the energy producer’s stock valued at $4,097,473,000 after buying an additional 8,479,963 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of ConocoPhillips by 0.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 27,672,104 shares of the energy producer’s stock worth $3,211,901,000 after purchasing an additional 108,956 shares in the last quarter. Capital International Investors boosted its stake in shares of ConocoPhillips by 9.6% in the first quarter. Capital International Investors now owns 21,252,822 shares of the energy producer’s stock valued at $2,705,059,000 after purchasing an additional 1,856,085 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of ConocoPhillips by 5.8% in the first quarter. Bank of New York Mellon Corp now owns 14,986,970 shares of the energy producer’s stock valued at $1,907,542,000 after purchasing an additional 826,529 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of ConocoPhillips by 3.2% in the third quarter. Northern Trust Corp now owns 12,486,871 shares of the energy producer’s stock valued at $1,495,927,000 after purchasing an additional 386,276 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.
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.
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