ConocoPhillips (NYSE:COP) Price Target Cut to $143.00

ConocoPhillips (NYSE:COP – Get Rating) had its price objective decreased by Mizuho from $150.00 to $143.00 in a research report issued to clients and investors on Friday, The Fly reports. Mizuho’s price objective suggests a potential upside of 37.21% from the company’s previous close.

COP has been the topic of several other research reports. Wolfe Research downgraded ConocoPhillips from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 12th. Roth Capital restated a “buy” rating on shares of ConocoPhillips in a research note on Wednesday, February 1st. Piper Sandler upped their price objective on shares of ConocoPhillips from $155.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, December 19th. Societe Generale cut shares of ConocoPhillips from a “hold” rating to a “sell” rating and raised their target price for the company from $106.00 to $114.00 in a research note on Monday, November 21st. They noted that the move was a valuation call. Finally, Truist Financial upped their price target on shares of ConocoPhillips from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.86.

ConocoPhillips Stock Down 1.5 %

ConocoPhillips stock opened at $104.22 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.36 and a current ratio of 1.46. ConocoPhillips has a one year low of $78.30 and a one year high of $138.49. The company has a 50-day simple moving average of $113.20 and a 200-day simple moving average of $116.22. The firm has a market capitalization of $127.02 billion, a P/E ratio of 7.18, a P/E/G ratio of 0.53 and a beta of 1.29.

ConocoPhillips (NYSE:COP – Get Rating) last posted its earnings results on Thursday, February 2nd. The energy producer reported $2.71 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.01). The firm had revenue of $19.26 billion during the quarter, compared to the consensus estimate of $18.16 billion. ConocoPhillips had a return on equity of 35.30% and a net margin of 22.74%. ConocoPhillips’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter last year, the company posted $2.27 EPS. As a group, equities analysts expect that ConocoPhillips will post 10.99 earnings per share for the current year.

Insider Activity

In related news, Director Timothy A. Leach sold 4,860 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $112.58, for a total value of $547,138.80. Following the completion of the transaction, the director now owns 661,142 shares of the company’s stock, valued at approximately $74,431,366.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other ConocoPhillips news, Director R A. Walker bought 4,800 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were bought at an average price of $103.00 per share, for a total transaction of $494,400.00. Following the acquisition, the director now directly owns 27,600 shares of the company’s stock, valued at $2,842,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy A. Leach sold 4,860 shares of the stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $112.58, for a total transaction of $547,138.80. Following the completion of the sale, the director now directly owns 661,142 shares of the company’s stock, valued at $74,431,366.36. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Ten Capital Wealth Advisors LLC increased its stake in shares of ConocoPhillips by 205.8% in the fourth quarter. Ten Capital Wealth Advisors LLC now owns 211 shares of the energy producer’s stock worth $25,000 after acquiring an additional 142 shares during the last quarter. Orion Capital Management LLC increased its position in ConocoPhillips by 149.5% in the 4th quarter. Orion Capital Management LLC now owns 227 shares of the energy producer’s stock worth $27,000 after purchasing an additional 136 shares during the last quarter. Moisand Fitzgerald Tamayo LLC raised its stake in shares of ConocoPhillips by 93.4% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 236 shares of the energy producer’s stock worth $28,000 after purchasing an additional 114 shares in the last quarter. Horan Securities Inc. lifted its holdings in shares of ConocoPhillips by 81.8% during the 4th quarter. Horan Securities Inc. now owns 249 shares of the energy producer’s stock valued at $29,000 after buying an additional 112 shares during the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of ConocoPhillips by 138.2% in the 4th quarter. Bogart Wealth LLC now owns 243 shares of the energy producer’s stock valued at $29,000 after buying an additional 141 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

About ConocoPhillips

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ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International.