ConocoPhillips (NYSE:COP) Price Target Increased to $154.00 by Analysts at Susquehanna

ConocoPhillips (NYSE:COP) had its target price lifted by Susquehanna from $133.00 to $154.00 in a report issued on Monday morning, Benzinga reports. The brokerage currently has a positive rating on the energy producer’s stock.

COP has been the topic of a number of other research reports. Mizuho restated a neutral rating and set a $139.00 price target (up previously from $132.00) on shares of ConocoPhillips in a research note on Friday, March 22nd. UBS Group upped their price target on shares of ConocoPhillips from $138.00 to $143.00 and gave the company a buy rating in a research note on Wednesday, February 14th. Piper Sandler upped their price target on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an overweight rating in a research note on Thursday, April 18th. Barclays began coverage on shares of ConocoPhillips in a research note on Wednesday, April 10th. They set an overweight rating and a $158.00 price target on the stock. Finally, Raymond James cut their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a strong-buy rating on the stock in a research note on Wednesday, January 24th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $143.24.

ConocoPhillips Price Performance

Shares of COP opened at $129.33 on Monday. The company has a 50 day moving average price of $120.93 and a 200-day moving average price of $117.31. ConocoPhillips has a fifty-two week low of $95.70 and a fifty-two week high of $135.18. The stock has a market capitalization of $152.14 billion, a PE ratio of 14.27, a PEG ratio of 2.73 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.43.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.32. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. The company had revenue of $15.31 billion during the quarter, compared to analysts’ expectations of $14.47 billion. During the same quarter in the prior year, the company posted $2.71 earnings per share. Equities analysts predict that ConocoPhillips will post 9.47 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a yield of 2.41%. ConocoPhillips’s dividend payout ratio is 25.61%.

Insider Buying and Selling

In related news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Nicholas G. Olds sold 12,150 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the sale, the executive vice president now directly owns 14,522 shares in the company, valued at $1,836,161.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 700,775 shares of company stock valued at $87,615,169. Corporate insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On ConocoPhillips

Several hedge funds and other institutional investors have recently modified their holdings of the business. Norris Perne & French LLP MI lifted its stake in shares of ConocoPhillips by 1.9% in the third quarter. Norris Perne & French LLP MI now owns 4,364 shares of the energy producer’s stock worth $523,000 after buying an additional 80 shares in the last quarter. Sloy Dahl & Holst LLC increased its position in ConocoPhillips by 3.3% during the third quarter. Sloy Dahl & Holst LLC now owns 2,629 shares of the energy producer’s stock worth $315,000 after purchasing an additional 85 shares during the last quarter. Astoria Portfolio Advisors LLC. increased its position in ConocoPhillips by 4.0% during the first quarter. Astoria Portfolio Advisors LLC. now owns 2,232 shares of the energy producer’s stock worth $291,000 after purchasing an additional 85 shares during the last quarter. KLCM Advisors Inc. increased its position in ConocoPhillips by 2.8% during the third quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer’s stock worth $396,000 after purchasing an additional 89 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in ConocoPhillips by 0.5% during the third quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer’s stock worth $2,270,000 after purchasing an additional 89 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.