ConocoPhillips (NYSE:COP) Receives $134.04 Average PT from Brokerages

ConocoPhillips (NYSE:COP) has been given an average recommendation of “Moderate Buy” by the twenty-eight ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $134.16.

Several research analysts recently commented on the company. Mizuho lowered their target price on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Royal Bank Of Canada set a $130.00 price objective on ConocoPhillips in a research note on Monday, June 22nd. Freedom Capital downgraded ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Sanford C. Bernstein upped their target price on shares of ConocoPhillips from $98.00 to $121.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Finally, Jefferies Financial Group raised their target price on shares of ConocoPhillips from $160.00 to $161.00 and gave the company a “buy” rating in a report on Monday, May 18th.

Institutional Investors Weigh In On ConocoPhillips

Several institutional investors have recently modified their holdings of COP. Patten Group Inc. grew its holdings in ConocoPhillips by 1.5% during the first quarter. Patten Group Inc. now owns 5,447 shares of the energy producer’s stock worth $719,000 after acquiring an additional 83 shares during the period. IFC Advisors LLC grew its holdings in shares of ConocoPhillips by 0.4% in the 1st quarter. IFC Advisors LLC now owns 20,182 shares of the energy producer’s stock worth $2,664,000 after acquiring an additional 84 shares during the period. Cornerstone Planning Group LLC increased its stake in ConocoPhillips by 9.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,006 shares of the energy producer’s stock valued at $124,000 after purchasing an additional 88 shares in the last quarter. Blue Trust Inc. raised its holdings in ConocoPhillips by 0.4% during the first quarter. Blue Trust Inc. now owns 21,144 shares of the energy producer’s stock worth $2,791,000 after purchasing an additional 92 shares during the last quarter. Finally, Sigma Planning Corp boosted its position in ConocoPhillips by 0.6% during the first quarter. Sigma Planning Corp now owns 16,062 shares of the energy producer’s stock worth $2,120,000 after purchasing an additional 94 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Stock Up 1.2%

NYSE:COP opened at $118.86 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $113.51 and its two-hundred day moving average is $114.02. ConocoPhillips has a 52 week low of $85.57 and a 52 week high of $135.87. The stock has a market capitalization of $144.81 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 1.42 and a beta of 0.12.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.ConocoPhillips’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.09 EPS. Research analysts anticipate that ConocoPhillips will post 9.2 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were given a $0.84 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.8%. ConocoPhillips’s dividend payout ratio is currently 57.05%.

ConocoPhillips Company Profile

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.