ConocoPhillips (NYSE:COP) Receives Average Rating of “Moderate Buy” from Analysts

ConocoPhillips (NYSE:COP – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, fifteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $136.86.

COP has been the subject of several analyst reports. Raymond James decreased their price objective on ConocoPhillips from $150.00 to $135.00 and set a “strong-buy” rating for the company in a report on Thursday, January 26th. Capital One Financial lowered ConocoPhillips from an “overweight” rating to an “equal weight” rating and set a $102.00 price objective for the company. in a report on Friday, February 3rd. Roth Capital reiterated a “buy” rating on shares of ConocoPhillips in a report on Wednesday, February 1st. Piper Sandler raised their target price on ConocoPhillips from $155.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday, December 19th. Finally, Truist Financial raised their target price on ConocoPhillips from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd.

ConocoPhillips Trading Down 1.5 %

COP opened at $104.22 on Monday. The stock has a market cap of $127.02 billion, a price-to-earnings ratio of 7.18, a P/E/G ratio of 0.52 and a beta of 1.29. The stock’s 50 day moving average price is $113.20 and its 200-day moving average price is $116.26. ConocoPhillips has a one year low of $78.30 and a one year high of $138.49. 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 (NYSE:COP – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The energy producer reported $2.71 earnings per share (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%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the company earned $2.27 EPS. On average, equities analysts forecast that ConocoPhillips will post 10.99 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Wednesday, March 29th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Tuesday, March 28th. ConocoPhillips’s dividend payout ratio (DPR) is presently 14.06%.

Insider Activity

In other news, Director R A. Walker acquired 4,800 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were bought at an average cost of $103.00 per share, for a total transaction of $494,400.00. Following the acquisition, the director now owns 27,600 shares in the company, valued at approximately $2,842,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other ConocoPhillips news, Director R A. Walker bought 4,800 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The shares were acquired at an average cost of $103.00 per share, with a total value of $494,400.00. Following the purchase, the director now directly owns 27,600 shares of the company’s stock, valued at approximately $2,842,800. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy A. Leach sold 4,860 shares of ConocoPhillips stock in a transaction that occurred 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 in the company, valued at approximately $74,431,366.36. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On ConocoPhillips

Several institutional investors have recently modified their holdings of COP. Vanguard Group Inc. raised its holdings in ConocoPhillips by 0.3% during the third quarter. Vanguard Group Inc. now owns 113,171,744 shares of the energy producer’s stock worth $11,581,996,000 after purchasing an additional 374,994 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of ConocoPhillips by 6.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 24,361,278 shares of the energy producer’s stock valued at $2,493,134,000 after purchasing an additional 1,494,751 shares during the last quarter. FMR LLC boosted its position in ConocoPhillips by 64.8% during the second quarter. FMR LLC now owns 21,177,310 shares of the energy producer’s stock worth $1,901,935,000 after acquiring an additional 8,323,587 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in ConocoPhillips by 10.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,256,640 shares of the energy producer’s stock worth $2,036,284,000 after acquiring an additional 1,566,894 shares during the last quarter. Finally, Morgan Stanley boosted its position in ConocoPhillips by 26.6% during the fourth quarter. Morgan Stanley now owns 16,647,723 shares of the energy producer’s stock worth $1,964,432,000 after acquiring an additional 3,497,750 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

ConocoPhillips Company Profile

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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.