ConocoPhillips (NYSE:COP) Given Average Recommendation of “Moderate Buy” by Analysts

ConocoPhillips (NYSE:COPGet Rating) has been given an average rating of “Moderate Buy” by the twenty-four analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $135.86.

A number of equities research analysts recently weighed in on COP shares. Argus boosted their price target on shares of ConocoPhillips from $125.00 to $150.00 in a research note on Monday, November 21st. Citigroup boosted their price objective on shares of ConocoPhillips from $132.00 to $160.00 in a report on Tuesday, November 22nd. Societe Generale cut shares of ConocoPhillips from a “hold” rating to a “sell” rating and boosted their price objective for the company from $106.00 to $114.00 in a report on Monday, November 21st. They noted that the move was a valuation call. Credit Suisse Group boosted their price objective on shares of ConocoPhillips from $134.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, November 4th. Finally, Wells Fargo & Company boosted their price objective on shares of ConocoPhillips from $154.00 to $156.00 and gave the company an “overweight” rating in a report on Tuesday, January 10th.

ConocoPhillips Trading Up 1.8 %

Shares of NYSE COP opened at $121.80 on Friday. ConocoPhillips has a 1-year low of $78.30 and a 1-year high of $138.49. The company has a market cap of $151.77 billion, a PE ratio of 8.78, a P/E/G ratio of 0.52 and a beta of 1.29. The company has a current ratio of 1.46, a quick ratio of 1.37 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average of $119.47 and a two-hundred day moving average of $111.86.

ConocoPhillips (NYSE:COPGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The energy producer reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.19. The business had revenue of $21.61 billion during the quarter, compared to the consensus estimate of $17.05 billion. ConocoPhillips had a net margin of 22.90% and a return on equity of 35.02%. As a group, equities analysts expect that ConocoPhillips will post 14.05 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Tuesday, December 27th were issued a dividend of $0.51 per share. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, December 23rd. This represents a $2.04 annualized dividend and a yield of 1.67%. ConocoPhillips’s dividend payout ratio is presently 14.70%.

Insider Buying and Selling

In other ConocoPhillips news, Director Timothy A. Leach sold 4,860 shares of the company’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $112.58, for a total transaction of $547,138.80. Following the sale, the director now directly owns 661,142 shares of the company’s stock, valued at $74,431,366.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Timothy A. Leach sold 4,860 shares of the company’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $112.58, for a total value of $547,138.80. Following the sale, the director now directly owns 661,142 shares of the company’s stock, valued at approximately $74,431,366.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Nicholas G. Olds sold 10,950 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $134.90, for a total transaction of $1,477,155.00. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ConocoPhillips

Several hedge funds have recently bought and sold shares of COP. Horan Securities Inc. lifted its stake in ConocoPhillips by 81.8% in the 4th quarter. Horan Securities Inc. now owns 249 shares of the energy producer’s stock valued at $29,000 after purchasing an additional 112 shares during the last quarter. Delos Wealth Advisors LLC lifted its position in ConocoPhillips by 102.0% during the third quarter. Delos Wealth Advisors LLC now owns 297 shares of the energy producer’s stock worth $30,000 after acquiring an additional 150 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its position in ConocoPhillips by 82.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 252 shares of the energy producer’s stock worth $30,000 after acquiring an additional 114 shares during the last quarter. Center for Financial Planning Inc. lifted its position in ConocoPhillips by 146.0% during the third quarter. Center for Financial Planning Inc. now owns 305 shares of the energy producer’s stock worth $31,000 after acquiring an additional 181 shares during the last quarter. Finally, Activest Wealth Management lifted its position in ConocoPhillips by 30,200.0% during the third quarter. Activest Wealth Management now owns 303 shares of the energy producer’s stock worth $31,000 after acquiring an additional 302 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for ConocoPhillips (NYSE:COP)

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