ConocoPhillips (NYSE:COP) Price Target Raised to $145.00 at Raymond James Financial

ConocoPhillips (NYSE:COP) had its target price upped by Raymond James Financial from $118.00 to $145.00 in a report released on Monday, Marketbeat reports. The firm currently has an outperform rating on the energy producer’s stock.

Several other research firms have also commented on COP. JPMorgan Chase & Co. upped their price objective on ConocoPhillips from $98.00 to $103.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Piper Sandler upped their price objective on ConocoPhillips from $154.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Barclays upped their price objective on ConocoPhillips from $118.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Roth Mkm lowered ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a research note on Tuesday, February 17th. Finally, Bank of America restated an “underperform” rating and issued a $102.00 price objective on shares of ConocoPhillips in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and a consensus price target of $132.44.

ConocoPhillips Trading Up 0.0%

NYSE:COP opened at $121.82 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.30 and a quick ratio of 1.14. The firm has a market capitalization of $148.48 billion, a price-to-earnings ratio of 19.21, a price-to-earnings-growth ratio of 2.33 and a beta of 0.19. ConocoPhillips has a one year low of $84.28 and a one year high of $135.87. The business has a fifty day moving average price of $121.22 and a 200-day moving average price of $103.64.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.21). The company had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.35 billion. ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the company earned $1.98 earnings per share. Sell-side analysts forecast that ConocoPhillips will post 7.3 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio is presently 53.00%.

Insiders Place Their Bets

In other ConocoPhillips news, CEO Ryan Michael Lance sold 113,221 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total value of $15,025,558.91. Following the completion of the sale, the chief executive officer owned 350,000 shares in the company, valued at approximately $46,448,500. This represents a 24.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Andrew D. Lundquist sold 34,500 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $4,128,960.00. Following the completion of the sale, the senior vice president owned 17,469 shares of the company’s stock, valued at $2,090,689.92. The trade was a 66.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 734,891 shares of company stock worth $93,345,692 in the last three months. 0.09% of the stock is owned by company insiders.

Institutional Investors Weigh In On ConocoPhillips

Institutional investors have recently bought and sold shares of the business. TCI Wealth Advisors Inc. bought a new position in shares of ConocoPhillips during the 1st quarter valued at about $207,000. HB Wealth Management LLC boosted its holdings in shares of ConocoPhillips by 8.5% during the 1st quarter. HB Wealth Management LLC now owns 59,939 shares of the energy producer’s stock valued at $7,912,000 after purchasing an additional 4,671 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in shares of ConocoPhillips by 3.4% during the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 12,228 shares of the energy producer’s stock valued at $1,614,000 after purchasing an additional 403 shares during the last quarter. BIP Wealth LLC boosted its holdings in shares of ConocoPhillips by 33.9% during the 1st quarter. BIP Wealth LLC now owns 4,683 shares of the energy producer’s stock valued at $618,000 after purchasing an additional 1,185 shares during the last quarter. Finally, Kelman Lazarov Inc. bought a new position in shares of ConocoPhillips during the 1st quarter valued at about $239,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Company Profile

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.