ConocoPhillips (NYSE:COP) Receives $135.89 Average PT from Brokerages

ConocoPhillips (NYSE:COP) has received a consensus recommendation of “Buy” from the nineteen analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, seventeen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $133.56.

A number of equities analysts recently issued reports on COP shares. Raymond James cut ConocoPhillips from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $157.00 to $124.00 in a report on Monday. Evercore ISI reissued an “outperform” rating and set a $165.00 target price on shares of ConocoPhillips in a research note on Friday, December 6th. Barclays reduced their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday. Morgan Stanley initiated coverage on shares of ConocoPhillips in a report on Monday, December 16th. They set an “overweight” rating and a $128.00 price objective for the company. Finally, Susquehanna upped their target price on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research note on Friday, November 1st.

Insider Buying and Selling at ConocoPhillips

In other news, Director R A. Walker bought 10,400 shares of the stock in a transaction on Tuesday, December 17th. The stock was bought at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the purchase, the director now directly owns 38,000 shares in the company, valued at approximately $3,716,400. The trade was a 37.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arjun N. Murti purchased 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The shares were acquired at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the transaction, the director now owns 21,500 shares of the company’s stock, valued at approximately $2,061,205. This represents a 13.16 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is owned by insiders.

Institutional Investors Weigh In On ConocoPhillips

Several institutional investors have recently added to or reduced their stakes in the business. Unison Advisors LLC raised its holdings in shares of ConocoPhillips by 0.7% in the fourth quarter. Unison Advisors LLC now owns 17,145 shares of the energy producer’s stock worth $1,700,000 after buying an additional 120 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in ConocoPhillips by 16.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 11,632 shares of the energy producer’s stock worth $1,154,000 after acquiring an additional 1,664 shares during the last quarter. Uniting Wealth Partners LLC acquired a new stake in ConocoPhillips during the 4th quarter worth about $452,000. Pitcairn Co. grew its stake in ConocoPhillips by 16.8% during the 4th quarter. Pitcairn Co. now owns 16,417 shares of the energy producer’s stock valued at $1,628,000 after purchasing an additional 2,356 shares during the last quarter. Finally, ExodusPoint Capital Management LP increased its holdings in shares of ConocoPhillips by 79.5% in the fourth quarter. ExodusPoint Capital Management LP now owns 748,450 shares of the energy producer’s stock valued at $74,224,000 after purchasing an additional 331,558 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Price Performance

COP stock opened at $98.42 on Monday. The stock has a market cap of $113.27 billion, a PE ratio of 12.63, a P/E/G ratio of 0.77 and a beta of 1.18. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The company has a 50-day moving average price of $100.83 and a 200 day moving average price of $105.97. The company has a current ratio of 1.29, a quick ratio of 1.16 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Equities research analysts anticipate that ConocoPhillips will post 8.3 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, February 14th. ConocoPhillips’s payout ratio is currently 40.05%.

ConocoPhillips Company Profile

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.