ConocoPhillips (NYSE:COP) Given Consensus Recommendation of "Moderate Buy" by Brokerages

ConocoPhillips (NYSE:COP - Get Free Report) has received an average recommendation of "Moderate Buy" from the nineteen ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $121.80.

COP has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on shares of ConocoPhillips from $116.00 to $118.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Citigroup reduced their price target on shares of ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th. Piper Sandler raised their price target on shares of ConocoPhillips from $107.00 to $113.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Barclays reduced their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, UBS Group cut their target price on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th.

ConocoPhillips Price Performance

COP stock opened at $94.61 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $118.40. The firm has a market cap of $119.60 billion, a P/E ratio of 12.02, a P/E/G ratio of 2.58 and a beta of 0.61. The company's 50-day moving average price is $90.41 and its two-hundred day moving average price is $94.79.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating the consensus estimate of $2.05 by $0.04. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. The firm had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. During the same period last year, the firm earned $2.05 EPS. On average, analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $0.78 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.30%. ConocoPhillips's dividend payout ratio (DPR) is currently 39.64%.

Insider Buying and Selling at ConocoPhillips

In related news, EVP Kirk L. Johnson acquired 5,300 shares of the stock in a transaction dated Monday, June 16th. The stock was bought at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the purchase, the executive vice president directly owned 14,527 shares of the company's stock, valued at $1,369,024.48. The trade was a 57.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is owned by corporate insiders.

Institutional Trading of ConocoPhillips

A number of hedge funds and other institutional investors have recently bought and sold shares of COP. Charles Schwab Investment Management Inc. increased its stake in ConocoPhillips by 379.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 40,094,754 shares of the energy producer's stock valued at $4,210,751,000 after purchasing an additional 31,736,423 shares in the last quarter. Vanguard Group Inc. boosted its holdings in ConocoPhillips by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 121,826,062 shares of the energy producer's stock worth $12,081,491,000 after acquiring an additional 12,751,120 shares during the last quarter. Nuveen LLC purchased a new position in ConocoPhillips during the 1st quarter worth $658,981,000. Price T Rowe Associates Inc. MD boosted its holdings in ConocoPhillips by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock worth $4,546,706,000 after acquiring an additional 5,549,078 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in ConocoPhillips by 37.1% during the 4th quarter. Invesco Ltd. now owns 15,570,246 shares of the energy producer's stock worth $1,544,101,000 after acquiring an additional 4,211,939 shares during the last quarter. Institutional investors own 82.36% of the company's stock.

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.

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