ConocoPhillips (NYSE:COP) Price Target Cut to $125.00 by Analysts at Mizuho

ConocoPhillips (NYSE:COP - Get Free Report) had its price objective lowered by equities researchers at Mizuho from $127.00 to $125.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the energy producer's stock. Mizuho's price objective points to a potential upside of 35.37% from the company's previous close.

A number of other research firms have also commented on COP. Barclays decreased their price objective on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company decreased their price objective on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley raised their price objective on shares of ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Truist Financial raised their price objective on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Finally, Scotiabank decreased their price objective on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.74.

ConocoPhillips Price Performance

Shares of NYSE COP traded down $0.62 during mid-day trading on Tuesday, reaching $92.34. 6,693,880 shares of the company traded hands, compared to its average volume of 7,325,888. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $122.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The firm has a market cap of $116.73 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. The stock has a fifty day simple moving average of $93.24 and a 200-day simple moving average of $99.03.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. The firm had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. During the same quarter in the previous year, the business posted $2.05 earnings per share. Equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its holdings in shares of ConocoPhillips by 8.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,790 shares of the energy producer's stock worth $178,000 after purchasing an additional 142 shares during the period. Aprio Wealth Management LLC increased its holdings in shares of ConocoPhillips by 5.8% during the 4th quarter. Aprio Wealth Management LLC now owns 2,249 shares of the energy producer's stock worth $223,000 after purchasing an additional 124 shares during the period. Trust Co. of Toledo NA OH increased its holdings in shares of ConocoPhillips by 11.9% during the 4th quarter. Trust Co. of Toledo NA OH now owns 7,394 shares of the energy producer's stock worth $733,000 after purchasing an additional 787 shares during the period. Brookstone Capital Management increased its holdings in shares of ConocoPhillips by 4.5% during the 4th quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock worth $878,000 after purchasing an additional 383 shares during the period. Finally, Capital Investment Advisors LLC increased its holdings in shares of ConocoPhillips by 1.8% during the 4th quarter. Capital Investment Advisors LLC now owns 17,629 shares of the energy producer's stock worth $1,748,000 after purchasing an additional 311 shares during the period. 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.