ConocoPhillips (NYSE:COP) Price Target Cut to $160.00

ConocoPhillips (NYSE:COP - Get Free Report) had its target price dropped by research analysts at Truist Financial from $170.00 to $160.00 in a report released on Monday, Benzinga reports. The firm currently has a "buy" rating on the energy producer's stock. Truist Financial's price objective would suggest a potential upside of 22.87% from the stock's previous close.

Several other equities analysts also recently issued reports on COP. Piper Sandler raised their price target on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an "overweight" rating in a research note on Thursday, April 18th. Wells Fargo & Company lifted their target price on ConocoPhillips from $141.00 to $149.00 and gave the stock an "overweight" rating in a report on Wednesday, April 10th. Raymond James reduced their price target on ConocoPhillips from $140.00 to $137.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, January 24th. Mizuho restated a "neutral" rating and set a $139.00 price objective (up from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Finally, Barclays initiated coverage on ConocoPhillips in a research note on Wednesday, April 10th. They issued an "overweight" rating and a $158.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $142.65.

ConocoPhillips Price Performance

COP traded down $0.02 on Monday, reaching $130.22. The stock had a trading volume of 3,914,108 shares, compared to its average volume of 5,331,923. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $153.19 billion, a price-to-earnings ratio of 14.36, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24. ConocoPhillips has a fifty-two week low of $95.70 and a fifty-two week high of $135.18. The firm has a 50-day moving average of $122.49 and a 200-day moving average of $117.60.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.32. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. The company had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. During the same quarter in the prior year, the firm posted $2.71 earnings per share. As a group, sell-side analysts anticipate that ConocoPhillips will post 9.57 EPS for the current year.

Insider Buying and Selling at ConocoPhillips

In other news, SVP Heather G. Hrap sold 4,548 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total transaction of $502,781.40. Following the transaction, the senior vice president now directly owns 2,654 shares of the company's stock, valued at $293,399.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Nicholas G. Olds sold 12,150 shares of the firm's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $126.44, for a total value of $1,536,246.00. Following the transaction, the executive vice president now owns 14,522 shares of the company's stock, valued at approximately $1,836,161.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the transaction, the senior vice president now owns 2,654 shares of the company's stock, valued at approximately $293,399.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 700,775 shares of company stock valued at $87,615,169. Company insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of COP. Sloy Dahl & Holst LLC grew its position in shares of ConocoPhillips by 3.3% in the 3rd quarter. Sloy Dahl & Holst LLC now owns 2,629 shares of the energy producer's stock worth $315,000 after buying an additional 85 shares during the period. Astoria Portfolio Advisors LLC. grew its holdings in ConocoPhillips by 4.0% in the first quarter. Astoria Portfolio Advisors LLC. now owns 2,232 shares of the energy producer's stock worth $291,000 after purchasing an additional 85 shares during the period. KLCM Advisors Inc. increased its stake in shares of ConocoPhillips by 2.8% during the third quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer's stock valued at $396,000 after purchasing an additional 89 shares in the last quarter. Evergreen Capital Management LLC increased its stake in shares of ConocoPhillips by 0.5% during the third quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer's stock valued at $2,270,000 after purchasing an additional 89 shares in the last quarter. Finally, Endowment Wealth Management Inc. lifted its holdings in shares of ConocoPhillips by 4.6% during the third quarter. Endowment Wealth Management Inc. now owns 2,055 shares of the energy producer's stock valued at $246,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 82.36% of the company's stock.

About ConocoPhillips

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.