StockNews.com Begins Coverage on ConocoPhillips (NYSE:COP)

Stock analysts at StockNews.com began coverage on shares of ConocoPhillips (NYSE:COP – Get Rating) in a research note issued to investors on Thursday. The firm set a “hold” rating on the energy producer’s stock.

A number of other research firms also recently weighed in on COP. Barclays lifted their price target on ConocoPhillips from $151.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, January 23rd. Morgan Stanley upped their target price on ConocoPhillips from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, December 14th. Scotiabank downgraded ConocoPhillips from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $145.00 to $140.00 in a research report on Tuesday, January 17th. Mizuho lowered their price target on ConocoPhillips from $150.00 to $143.00 in a research report on Friday, March 10th. Finally, Credit Suisse Group decreased their target price on ConocoPhillips from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. One investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.86.

ConocoPhillips Price Performance

COP stock opened at $95.24 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.36. The firm has a market capitalization of $116.08 billion, a P/E ratio of 6.56, a P/E/G ratio of 0.52 and a beta of 1.29. The business’s 50-day moving average is $112.25 and its two-hundred day moving average is $115.96. ConocoPhillips has a 1 year low of $78.30 and a 1 year high of $138.49.

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

Insider Activity at ConocoPhillips

In other news, Director R A. Walker purchased 4,800 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The stock was purchased at an average cost of $103.00 per share, with a total value of $494,400.00. Following the purchase, the director now owns 27,600 shares in the company, valued at approximately $2,842,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is owned by insiders.

Institutional Trading of ConocoPhillips

Several hedge funds and other institutional investors have recently modified their holdings of COP. Oak Harbor Wealth Partners LLC grew its position in ConocoPhillips by 2.9% during the third quarter. Oak Harbor Wealth Partners LLC now owns 2,619 shares of the energy producer’s stock worth $268,000 after buying an additional 75 shares in the last quarter. First National Trust Co lifted its position in ConocoPhillips by 2.5% during the 3rd quarter. First National Trust Co now owns 3,345 shares of the energy producer’s stock valued at $342,000 after purchasing an additional 80 shares during the period. Denver Wealth Management Inc. lifted its position in ConocoPhillips by 3.2% during the 3rd quarter. Denver Wealth Management Inc. now owns 2,548 shares of the energy producer’s stock valued at $261,000 after purchasing an additional 80 shares during the period. Patten Group Inc. lifted its position in ConocoPhillips by 0.8% during the 3rd quarter. Patten Group Inc. now owns 11,025 shares of the energy producer’s stock valued at $1,307,000 after purchasing an additional 84 shares during the period. Finally, BBR Partners LLC increased its stake in shares of ConocoPhillips by 2.4% in the 3rd quarter. BBR Partners LLC now owns 3,559 shares of the energy producer’s stock valued at $364,000 after acquiring an additional 84 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Company Profile

(Get Rating)

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.