Capital One Financial Lowers ConocoPhillips (NYSE:COP) Price Target to $154.00

ConocoPhillips (NYSE:COP) had its price objective decreased by investment analysts at Capital One Financial from $156.00 to $154.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage currently has an “equal weight” rating on the energy producer’s stock. Capital One Financial‘s price objective would suggest a potential upside of 27.02% from the stock’s current price.

COP has been the subject of several other reports. Morgan Stanley lifted their target price on ConocoPhillips from $108.00 to $149.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Mizuho raised their price target on ConocoPhillips from $121.00 to $136.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Roth Mkm cut shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a research report on Tuesday, February 17th. Sanford C. Bernstein upped their price objective on shares of ConocoPhillips from $98.00 to $121.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Finally, BMO Capital Markets dropped their price objective on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.12.

ConocoPhillips Trading Down 1.0%

ConocoPhillips stock opened at $121.24 on Monday. The company has a market cap of $147.70 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 1.41 and a beta of 0.14. The firm has a 50-day moving average of $123.07 and a 200-day moving average of $106.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a one year low of $84.28 and a one year high of $135.87.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. The business had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 earnings per share. On average, equities analysts expect that ConocoPhillips will post 9.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other ConocoPhillips news, SVP Andrew D. Lundquist sold 34,500 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $119.68, for a total value of $4,128,960.00. Following the completion of the sale, the senior vice president owned 17,469 shares of the company’s stock, valued at $2,090,689.92. The trade was a 66.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Michael Lance sold 113,221 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total transaction of $15,025,558.91. Following the transaction, the chief executive officer owned 350,000 shares in the company, valued at approximately $46,448,500. The trade was a 24.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 734,891 shares of company stock worth $93,345,692. 0.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On ConocoPhillips

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of ConocoPhillips by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 120,251,183 shares of the energy producer’s stock worth $11,256,713,000 after purchasing an additional 408,304 shares during the period. Capital International Investors grew its stake in ConocoPhillips by 5.9% during the fourth quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock worth $4,527,230,000 after buying an additional 2,714,663 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in ConocoPhillips by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock valued at $3,880,151,000 after buying an additional 2,350,645 shares during the period. Franklin Resources Inc. increased its holdings in ConocoPhillips by 4.5% in the 4th quarter. Franklin Resources Inc. now owns 15,038,675 shares of the energy producer’s stock valued at $1,407,770,000 after buying an additional 648,432 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of ConocoPhillips by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 14,847,367 shares of the energy producer’s stock valued at $1,389,862,000 after buying an additional 193,401 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.