Roth Mkm Raises ConocoPhillips (NYSE:COP) Price Target to $105.00

ConocoPhillips (NYSE:COPGet Free Report) had its target price lifted by stock analysts at Roth Mkm from $100.00 to $105.00 in a research note issued on Friday,MarketScreener reports. The firm currently has a “buy” rating on the energy producer’s stock. Roth Mkm’s target price suggests a potential upside of 6.78% from the stock’s current price.

Several other brokerages have also issued reports on COP. JPMorgan Chase & Co. restated a “neutral” rating and set a $98.00 target price on shares of ConocoPhillips in a research report on Tuesday, January 20th. Wells Fargo & Company began coverage on shares of ConocoPhillips in a research note on Friday, October 17th. They set an “equal weight” rating and a $100.00 price target on the stock. Royal Bank Of Canada upped their price objective on ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Raymond James Financial raised their target price on ConocoPhillips from $98.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, UBS Group boosted their price target on ConocoPhillips from $117.00 to $120.00 and gave the company a “buy” rating in a report on Friday, December 12th. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and an average target price of $110.83.

Get Our Latest Analysis on COP

ConocoPhillips Stock Up 1.5%

COP stock opened at $98.34 on Friday. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $106.20. The business’s 50-day moving average is $93.40 and its two-hundred day moving average is $93.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.18 and a current ratio of 1.32. The company has a market cap of $121.52 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 2.91 and a beta of 0.32.

ConocoPhillips (NYSE:COPGet Free Report) last released its quarterly earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.20. ConocoPhillips had a return on equity of 13.64% and a net margin of 14.25%.The business had revenue of $15.03 billion during the quarter, compared to the consensus estimate of $14.51 billion. During the same period in the previous year, the company posted $1.78 EPS. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

Insider Activity

In other ConocoPhillips news, Director William H. Mcraven bought 5,768 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average price of $86.68 per share, with a total value of $499,970.24. Following the purchase, the director owned 5,768 shares of the company’s stock, valued at $499,970.24. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Michael Lance sold 500,708 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $92.50, for a total value of $46,315,490.00. Following the completion of the transaction, the chief executive officer directly owned 325,972 shares in the company, valued at approximately $30,152,410. This represents a 60.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.24% of the stock is owned by insiders.

Institutional Investors Weigh In On ConocoPhillips

Institutional investors and hedge funds have recently modified their holdings of the stock. Howard Hughes Medical Institute purchased a new position in ConocoPhillips during the second quarter valued at $25,000. Cloud Capital Management LLC purchased a new stake in ConocoPhillips in the 3rd quarter worth $26,000. Bogart Wealth LLC boosted its holdings in shares of ConocoPhillips by 136.8% during the 2nd quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after purchasing an additional 182 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of ConocoPhillips during the third quarter valued at about $28,000. Finally, Board of the Pension Protection Fund purchased a new position in shares of ConocoPhillips during the fourth quarter valued at about $28,000. Institutional investors own 82.36% of the company’s stock.

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About ConocoPhillips

(Get Free Report)

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.

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