ConocoPhillips (NYSE:COP) Stock Price Up 1.3% - What's Next?

ConocoPhillips (NYSE:COP - Get Free Report)'s stock price was up 1.3% during mid-day trading on Thursday . The company traded as high as $91.02 and last traded at $91.08. Approximately 840,846 shares traded hands during trading, a decline of 88% from the average daily volume of 7,114,323 shares. The stock had previously closed at $89.93.

Analyst Ratings Changes

Several equities analysts have recently issued reports on COP shares. Royal Bank of Canada lowered their price target on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Barclays reduced their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. UBS Group decreased their price objective on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Raymond James downgraded ConocoPhillips from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $157.00 to $124.00 in a report on Monday, February 10th. Finally, Truist Financial lifted their price objective on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $126.89.

ConocoPhillips Trading Up 1.3 %

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 $94.56 and its 200-day moving average price is $100.52. The stock has a market capitalization of $117.47 billion, a PE ratio of 11.93, a PEG ratio of 0.79 and a beta of 0.83.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) 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%. On average, sell-side analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.36%. ConocoPhillips's dividend payout ratio is currently 40.05%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Albion Financial Group UT raised its holdings in shares of ConocoPhillips by 876.9% in the 4th 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 in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of ConocoPhillips during the fourth quarter valued at $26,000. Centricity Wealth Management LLC purchased a new stake in ConocoPhillips in the fourth quarter valued at approximately $27,000. 10Elms LLP acquired a new stake in shares of ConocoPhillips in the fourth quarter worth $28,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of ConocoPhillips during the 4th quarter valued at about $32,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

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.