ConocoPhillips (NYSE:COP) Sets New 12-Month Low - Should You Sell?

ConocoPhillips (NYSE:COP - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $88.07 and last traded at $89.14, with a volume of 8412905 shares traded. The stock had previously closed at $91.88.

Analyst Ratings Changes

COP has been the subject of several recent research reports. Wells Fargo & Company cut their target price 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. UBS Group reduced their price objective on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. TD Cowen initiated coverage on ConocoPhillips in a report on Friday, January 17th. They issued a "buy" rating and a $125.00 target price on the stock. Susquehanna set a $136.00 target price on ConocoPhillips in a report on Tuesday, April 22nd. Finally, Raymond James cut ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips has a consensus rating of "Moderate Buy" and an average price target of $124.79.

ConocoPhillips Price Performance

The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock's 50 day moving average price is $93.78 and its two-hundred day moving average price is $100.00. The firm has a market capitalization of $115.62 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 0.79 and a beta of 0.83.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is presently 40.05%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Albion Financial Group UT grew its holdings in ConocoPhillips by 876.9% during the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after purchasing an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of ConocoPhillips in the fourth quarter worth about $26,000. Centricity Wealth Management LLC acquired a new position in shares of ConocoPhillips during the 4th quarter worth about $27,000. 10Elms LLP bought a new stake in ConocoPhillips during the 4th quarter valued at approximately $28,000. Finally, Crowley Wealth Management Inc. acquired a new stake in ConocoPhillips in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds 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.