ConocoPhillips (NYSE:COP) Price Target Lowered to $144.00 at Susquehanna

ConocoPhillips (NYSE:COP) had its price objective decreased by Susquehanna from $147.00 to $144.00 in a research report sent to investors on Friday, Benzinga reports. Susquehanna currently has a positive rating on the energy producer’s stock.

A number of other research analysts also recently issued reports on COP. Mizuho dropped their price objective on ConocoPhillips from $132.00 to $129.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. StockNews.com lowered shares of ConocoPhillips from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. BMO Capital Markets raised their price target on shares of ConocoPhillips from $123.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $126.00 price objective (down previously from $139.00) on shares of ConocoPhillips in a research report on Friday, October 11th. Finally, Scotiabank dropped their price objective on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and an average price target of $136.94.

ConocoPhillips Trading Down 0.5 %

Shares of ConocoPhillips stock opened at $105.67 on Friday. 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 52-week low of $101.29 and a 52-week high of $135.18. The firm has a 50-day moving average of $109.01 and a 200-day moving average of $114.67. The stock has a market cap of $122.71 billion, a PE ratio of 11.78, a PEG ratio of 0.87 and a beta of 1.21.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, August 1st. The energy producer reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.02. The firm had revenue of $14.14 billion during the quarter, compared to analysts’ expectations of $14.96 billion. ConocoPhillips had a return on equity of 20.81% and a net margin of 18.18%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.84 earnings per share. As a group, sell-side analysts forecast that ConocoPhillips will post 7.99 EPS for the current year.

ConocoPhillips Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th were issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.20%. The ex-dividend date was Monday, August 12th. ConocoPhillips’s dividend payout ratio (DPR) is 25.86%.

Insider Buying and Selling at ConocoPhillips

In related news, Director Timothy A. Leach sold 55,500 shares of the business’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 transaction, the director now owns 455,909 shares in the company, valued at approximately $49,288,321.99. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Alaska Permanent Fund Corp acquired a new stake in shares of ConocoPhillips during the first quarter worth $143,000. &PARTNERS grew its stake in ConocoPhillips by 152.6% during the first quarter. &PARTNERS now owns 10,182 shares of the energy producer’s stock worth $1,307,000 after buying an additional 6,151 shares during the last quarter. City State Bank increased its stake in shares of ConocoPhillips by 11.4% in the first quarter. City State Bank now owns 2,927 shares of the energy producer’s stock valued at $373,000 after buying an additional 300 shares in the last quarter. Douglas Lane & Associates LLC raised its position in ConocoPhillips by 23.8% in the 1st quarter. Douglas Lane & Associates LLC now owns 4,397 shares of the energy producer’s stock worth $560,000 after purchasing an additional 846 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of ConocoPhillips by 30.8% during the first quarter. International Assets Investment Management LLC now owns 12,558 shares of the energy producer’s stock worth $1,616,000 after buying an additional 2,958 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

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.