ConocoPhillips (NYSE:COP) Receives Average Rating of “Moderate Buy” from Analysts

Shares of ConocoPhillips (NYSE:COP) have received a consensus rating of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $144.18.

Several brokerages recently issued reports on COP. Truist Financial boosted their target price on shares of ConocoPhillips from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 3rd. Royal Bank of Canada raised their price objective on ConocoPhillips from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. Susquehanna lifted their price target on shares of ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Morgan Stanley upped their target price on shares of ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Finally, Mizuho decreased their price target on ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th.

Institutional Investors Weigh In On ConocoPhillips

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new stake in shares of ConocoPhillips in the third quarter worth approximately $27,000. West Branch Capital LLC raised its holdings in ConocoPhillips by 87.8% in the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after acquiring an additional 108 shares during the last quarter. Cooksen Wealth LLC purchased a new position in ConocoPhillips in the 4th quarter worth approximately $27,000. Sachetta LLC purchased a new stake in ConocoPhillips in the 4th quarter valued at $27,000. Finally, Richardson Capital Management LLC purchased a new stake in ConocoPhillips in the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Up 0.4 %

Shares of NYSE:COP opened at $114.38 on Friday. ConocoPhillips has a 1 year low of $99.35 and a 1 year high of $135.18. The stock’s fifty day moving average price is $118.30 and its 200-day moving average price is $117.58. The company has a market cap of $133.77 billion, a P/E ratio of 12.95, a PEG ratio of 2.03 and a beta of 1.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.21.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The business had revenue of $14.48 billion during the quarter, compared to the consensus estimate of $14.72 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. Sell-side analysts expect that ConocoPhillips will post 8.89 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were paid a $0.78 dividend. The ex-dividend date was Friday, May 10th. This represents a $3.12 annualized dividend and a dividend yield of 2.73%. ConocoPhillips’s dividend payout ratio is presently 26.27%.

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.