ConocoPhillips (NYSE:COP) Price Target Raised to $129.00 at Susquehanna Bancshares

ConocoPhillips (NYSE:COP – Get Rating) had its price objective raised by Susquehanna Bancshares from $108.00 to $129.00 in a research report sent to investors on Monday morning, Stock Target Advisor reports.

Other analysts have also recently issued research reports about the stock. Scotiabank upgraded shares of ConocoPhillips from a sector perform rating to an outperform rating and raised their price objective for the company from $110.00 to $115.00 in a research note on Monday, April 18th. UBS Group cut shares of ConocoPhillips from a buy rating to a neutral rating and set a $50.00 target price for the company. in a research report on Tuesday, February 1st. The Goldman Sachs Group upgraded shares of ConocoPhillips from a neutral rating to a buy rating and lifted their target price for the stock from $78.00 to $101.00 in a research report on Tuesday, January 18th. Morgan Stanley lifted their target price on shares of ConocoPhillips from $96.00 to $120.00 and gave the stock an overweight rating in a research report on Friday. Finally, Zacks Investment Research cut shares of ConocoPhillips from a buy rating to a hold rating and set a $107.00 target price for the company. in a research report on Tuesday, April 5th. Four research 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’s stock. Based on data from MarketBeat.com, ConocoPhillips presently has a consensus rating of Buy and an average target price of $105.79.

Shares of NYSE:COP opened at $91.66 on Monday. 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 fifty-two week low of $49.60 and a fifty-two week high of $107.52. The firm’s 50-day simple moving average is $98.06 and its 200-day simple moving average is $84.85. The company has a market cap of $118.80 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.38 and a beta of 1.41.

ConocoPhillips (NYSE:COP – Get Rating) last announced its quarterly earnings data on Thursday, February 3rd. The energy producer reported $2.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.07. ConocoPhillips had a net margin of 16.71% and a return on equity of 18.08%. The firm had revenue of $15.96 billion during the quarter, compared to analysts’ expectations of $13.34 billion. During the same quarter last year, the business earned ($0.19) earnings per share. On average, research analysts forecast that ConocoPhillips will post 13.22 EPS for the current year.

The firm also recently disclosed a dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, March 30th. ConocoPhillips’s dividend payout ratio is currently 37.62%.

In other ConocoPhillips news, SVP Andrew D. Lundquist sold 112,300 shares of the stock in a transaction on Monday, February 7th. The shares were sold at an average price of $92.99, for a total transaction of $10,442,777.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Heather G. Sirdashney sold 11,000 shares of the stock in a transaction on Monday, February 7th. The stock was sold at an average price of $92.43, for a total transaction of $1,016,730.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,800 shares of company stock valued at $15,730,870. 0.08% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of ConocoPhillips by 3.4% during the fourth quarter. BlackRock Inc. now owns 111,073,845 shares of the energy producer’s stock worth $8,017,310,000 after acquiring an additional 3,652,817 shares during the last quarter. Wellington Management Group LLP grew its position in shares of ConocoPhillips by 2.3% during the third quarter. Wellington Management Group LLP now owns 36,622,434 shares of the energy producer’s stock worth $2,481,902,000 after acquiring an additional 837,735 shares during the last quarter. Geode Capital Management LLC grew its position in shares of ConocoPhillips by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 22,672,355 shares of the energy producer’s stock worth $1,631,930,000 after acquiring an additional 766,425 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of ConocoPhillips by 6.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 20,451,758 shares of the energy producer’s stock worth $1,386,015,000 after acquiring an additional 1,168,903 shares during the last quarter. Finally, Capital World Investors grew its position in shares of ConocoPhillips by 7.1% during the third quarter. Capital World Investors now owns 19,853,204 shares of the energy producer’s stock worth $1,345,452,000 after acquiring an additional 1,324,230 shares during the last quarter. Institutional investors and hedge funds own 79.36% of the company’s stock.

About ConocoPhillips (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.

Read More