ConocoPhillips (NYSE:COP – Get Rating) had its target price increased by equities researchers at Susquehanna Bancshares from $108.00 to $129.00 in a report issued on Monday, Stock Target Advisor reports. Susquehanna Bancshares’ target price would indicate a potential upside of 37.57% from the stock’s previous close.
COP has been the topic of a number of other reports. Credit Suisse Group boosted their target price on ConocoPhillips from $97.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, February 4th. Truist Financial upped their price target on ConocoPhillips from $115.00 to $130.00 in a research report on Thursday. Barclays upped their price target on ConocoPhillips from $93.00 to $131.00 in a research report on Friday, March 18th. Wells Fargo & Company upped their price target on ConocoPhillips from $114.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, March 11th. Finally, UBS Group lowered ConocoPhillips from a “buy” rating to a “neutral” rating and set a $50.00 price target on the stock. in a research report on Tuesday, February 1st. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $105.79.
Shares of ConocoPhillips stock opened at $93.77 on Monday. The stock’s fifty day moving average is $98.02 and its 200-day moving average is $84.73. The firm has a market capitalization of $121.53 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 0.38 and a beta of 1.41. The company has a quick ratio of 1.23, a current ratio of 1.34 and a debt-to-equity ratio of 0.41. ConocoPhillips has a 12-month low of $49.60 and a 12-month high of $107.52.
In other news, EVP Dominic E. Macklon sold 19,200 shares of the stock in a transaction that occurred on Tuesday, February 8th. The stock was sold at an average price of $91.13, for a total value of $1,749,696.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Heather G. Sirdashney sold 5,700 shares of the stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $98.71, for a total value of $562,647.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,800 shares of company stock valued at $15,730,870. Insiders own 0.08% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of COP. Morgan Stanley boosted its holdings in ConocoPhillips by 1.9% during the second quarter. Morgan Stanley now owns 9,008,903 shares of the energy producer’s stock worth $548,643,000 after buying an additional 165,817 shares during the last quarter. Kovack Advisors Inc. bought a new position in shares of ConocoPhillips during the 3rd quarter valued at about $400,000. Segall Bryant & Hamill LLC lifted its holdings in shares of ConocoPhillips by 7.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 64,010 shares of the energy producer’s stock valued at $4,346,000 after purchasing an additional 4,226 shares in the last quarter. US Asset Management LLC bought a new position in shares of ConocoPhillips during the 3rd quarter valued at about $368,000. Finally, Herold Advisors Inc. bought a new position in shares of ConocoPhillips during the 3rd quarter valued at about $82,000. Hedge funds and other institutional investors own 79.36% of the company’s stock.
ConocoPhillips Company Profile (Get Rating)
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's 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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