Investment Analysts’ Recent Ratings Changes for ConocoPhillips (COP)

Several analysts have recently updated their ratings and price targets for ConocoPhillips (NYSE: COP):

• 9/30/2024 – ConocoPhillips had its price target lowered by analysts at Truist Financial Co. from $145.00 to $138.00. They now have a “buy” rating on the stock.
• 9/27/2024 – ConocoPhillips had its price target lowered by analysts at Wells Fargo & Company from $150.00 to $132.00. They now have an “overweight” rating on the stock.
• 9/18/2024 – ConocoPhillips had its price target lowered by analysts at UBS Group AG from $153.00 to $140.00. They now have a “buy” rating on the stock.
• 9/16/2024 – ConocoPhillips had its price target lowered by analysts at Mizuho from $132.00 to $129.00. They now have a “neutral” rating on the stock.
• 9/13/2024 – ConocoPhillips had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $140.00 price target on the stock.
• 9/4/2024 – ConocoPhillips had its price target lowered by analysts at Susquehanna from $154.00 to $147.00. They now have a “positive” rating on the stock.
• 8/20/2024 – ConocoPhillips had its price target raised by analysts at UBS Group AG from $151.00 to $153.00. They now have a “buy” rating on the stock.
• 8/6/2024 – ConocoPhillips had its price target lowered by analysts at UBS Group AG from $159.00 to $151.00. They now have a “buy” rating on the stock.

ConocoPhillips Trading Down 0.3 %

COP traded down $0.33 on Thursday, hitting $110.03. 634,283 shares of the company were exchanged, compared to its average volume of 5,927,212. The firm has a fifty day simple moving average of $108.67 and a two-hundred day simple moving average of $116.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.33. ConocoPhillips has a 12 month low of $101.29 and a 12 month high of $135.18. The stock has a market capitalization of $127.77 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 0.82 and a beta of 1.22.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, August 1st. The energy producer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.02. The firm had revenue of $14.14 billion for the quarter, compared to analyst estimates of $14.96 billion. ConocoPhillips had a return on equity of 20.81% and a net margin of 18.18%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $1.84 EPS. Sell-side analysts expect that ConocoPhillips will post 8.12 earnings per share for the current year.

ConocoPhillips Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Monday, August 12th. ConocoPhillips’s dividend payout ratio is currently 26.27%.

Insider Buying and Selling

In other news, Director Timothy A. Leach sold 55,500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total value of $6,000,105.00. Following the completion of the transaction, the director now owns 455,909 shares of the company’s stock, valued at $49,288,321.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Czech National Bank lifted its holdings in shares of ConocoPhillips by 6.2% during the 3rd quarter. Czech National Bank now owns 236,559 shares of the energy producer’s stock valued at $24,905,000 after purchasing an additional 13,707 shares during the last quarter. AMF Tjanstepension AB lifted its holdings in shares of ConocoPhillips by 4.7% during the 3rd quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock valued at $122,628,000 after purchasing an additional 52,334 shares during the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of ConocoPhillips by 2.1% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,833 shares of the energy producer’s stock valued at $1,667,000 after purchasing an additional 328 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of ConocoPhillips by 3.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 48,757 shares of the energy producer’s stock valued at $5,133,000 after purchasing an additional 1,783 shares during the last quarter. Finally, Cascade Investment Advisors Inc. lifted its holdings in shares of ConocoPhillips by 1.5% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 15,200 shares of the energy producer’s stock valued at $1,600,000 after purchasing an additional 225 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

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.