COP has been the subject of a number of other reports. Barclays reduced their price target on shares of ConocoPhillips from $153.00 to $135.00 and set an overweight rating for the company in a research report on Wednesday, October 19th. Jefferies Financial Group began coverage on shares of ConocoPhillips in a report on Wednesday, October 19th. They issued a buy rating and a $143.00 target price for the company. Morgan Stanley upped their target price on shares of ConocoPhillips from $118.00 to $120.00 and gave the company an overweight rating in a report on Wednesday, October 19th. Societe Generale cut shares of ConocoPhillips from a hold rating to a sell rating and set a $114.00 target price for the company. in a report on Monday. They noted that the move was a valuation call. Finally, Truist Financial upped their target price on shares of ConocoPhillips from $149.00 to $167.00 in a report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $132.43.
ConocoPhillips Price Performance
Shares of COP opened at $125.49 on Monday. ConocoPhillips has a 1-year low of $66.06 and a 1-year high of $138.49. The stock has a market cap of $156.37 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 0.47 and a beta of 1.32. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.46 and a quick ratio of 1.37. The firm has a fifty day moving average price of $119.98 and a 200 day moving average price of $107.72.
ConocoPhillips Increases Dividend
Insiders Place Their Bets
In other ConocoPhillips news, EVP Nicholas G. Olds sold 10,950 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $116.52, for a total transaction of $1,275,894.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.
Institutional Trading of ConocoPhillips
Several large investors have recently modified their holdings of the business. FourThought Financial LLC grew its position in shares of ConocoPhillips by 2.5% in the third quarter. FourThought Financial LLC now owns 6,488 shares of the energy producer’s stock valued at $664,000 after purchasing an additional 160 shares during the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of ConocoPhillips in the third quarter valued at approximately $113,000. National Pension Service grew its position in shares of ConocoPhillips by 1.0% in the third quarter. National Pension Service now owns 1,821,709 shares of the energy producer’s stock valued at $188,838,000 after purchasing an additional 17,403 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in shares of ConocoPhillips in the third quarter valued at approximately $219,000. Finally, CoreFirst Bank & Trust grew its position in shares of ConocoPhillips by 1.4% in the third quarter. CoreFirst Bank & Trust now owns 13,652 shares of the energy producer’s stock valued at $1,397,000 after purchasing an additional 186 shares during the last quarter. 79.66% of the stock is currently owned by institutional investors and hedge funds.
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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