Jefferies Financial Group Issues Positive Forecast for ConocoPhillips (NYSE:COP) Stock Price

ConocoPhillips (NYSE:COP) had its price objective boosted by Jefferies Financial Group from $120.00 to $129.00 in a report published on Monday,MarketScreener reports. The firm currently has a buy rating on the energy producer’s stock.

Several other research analysts have also recently weighed in on the company. Johnson Rice cut ConocoPhillips from an “accumulate” rating to a “hold” rating and reduced their price objective for the stock from $108.00 to $105.00 in a research report on Friday, December 5th. Mizuho raised their price target on ConocoPhillips from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. UBS Group reiterated a “buy” rating and set a $130.00 price objective on shares of ConocoPhillips in a research report on Monday, February 9th. Roth Mkm lowered shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a report on Tuesday, February 17th. Finally, Susquehanna upped their target price on ConocoPhillips from $115.00 to $121.00 and gave the company a “positive” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.92.

ConocoPhillips Trading Down 0.6%

COP stock opened at $109.82 on Monday. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $113.80. The business has a fifty day moving average of $100.21 and a 200-day moving average of $94.91. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. The company has a market cap of $135.71 billion, a P/E ratio of 17.32, a PEG ratio of 2.81 and a beta of 0.32.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.21). The business had revenue of $13.86 billion during the quarter, compared to analyst estimates of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.98 earnings per share. As a group, equities research analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Wednesday, February 18th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $3.36 annualized dividend and a yield of 3.1%. ConocoPhillips’s dividend payout ratio (DPR) is 53.00%.

Insider Activity

In related news, CEO Ryan Michael Lance sold 500,708 shares of the stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the sale, the chief executive officer owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. This represents a 60.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On ConocoPhillips

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Howard Hughes Medical Institute bought a new position in shares of ConocoPhillips in the second quarter worth approximately $25,000. Cloud Capital Management LLC purchased a new position in ConocoPhillips in the 3rd quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of ConocoPhillips in the 3rd quarter worth $28,000. Board of the Pension Protection Fund purchased a new stake in shares of ConocoPhillips during the 4th quarter valued at $28,000. Finally, Strive Asset Management LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter worth $28,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

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.