ConocoPhillips (NYSE:COP) Stock Price Expected to Rise, Capital One Financial Analyst Says

ConocoPhillips (NYSE:COP) had its price target boosted by Capital One Financial from $111.00 to $116.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm currently has an “equal weight” rating on the energy producer’s stock. Capital One Financial‘s price objective suggests a potential upside of 19.32% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of ConocoPhillips in a report on Monday, December 29th. The Goldman Sachs Group decreased their price target on ConocoPhillips from $111.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, October 17th. Wall Street Zen upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Sanford C. Bernstein cut their target price on shares of ConocoPhillips from $116.00 to $98.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, Roth Capital reduced their price target on ConocoPhillips from $108.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.04.

ConocoPhillips Price Performance

ConocoPhillips stock traded up $1.70 on Tuesday, reaching $97.22. The company’s stock had a trading volume of 1,312,750 shares, compared to its average volume of 9,029,036. The business’s fifty day moving average price is $92.95 and its 200 day moving average price is $92.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.18 and a current ratio of 1.32. The company has a market cap of $120.14 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 2.73 and a beta of 0.32. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $106.20.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.20. The business had revenue of $15.03 billion for the quarter, compared to the consensus estimate of $14.51 billion. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. Equities analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ryan Michael Lance sold 500,708 shares of ConocoPhillips stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $92.50, for a total value of $46,315,490.00. Following the sale, the chief executive officer owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. This trade represents a 60.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Mcraven purchased 5,768 shares of ConocoPhillips stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $86.68 per share, with a total value of $499,970.24. Following the transaction, the director owned 5,768 shares in the company, valued at approximately $499,970.24. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.24% of the stock is currently owned by company insiders.

Institutional Trading of ConocoPhillips

A number of hedge funds and other institutional investors have recently modified their holdings of COP. Portside Wealth Group LLC increased its position in shares of ConocoPhillips by 1.0% during the 4th quarter. Portside Wealth Group LLC now owns 17,934 shares of the energy producer’s stock worth $1,679,000 after purchasing an additional 171 shares during the last quarter. Sound Income Strategies LLC raised its stake in ConocoPhillips by 140.9% in the 4th quarter. Sound Income Strategies LLC now owns 1,224 shares of the energy producer’s stock valued at $120,000 after acquiring an additional 716 shares during the period. Rathbones Group PLC lifted its stake in shares of ConocoPhillips by 47.4% during the 4th quarter. Rathbones Group PLC now owns 27,020 shares of the energy producer’s stock worth $2,529,000 after buying an additional 8,690 shares during the last quarter. Unison Advisors LLC boosted its holdings in shares of ConocoPhillips by 0.9% during the fourth quarter. Unison Advisors LLC now owns 17,731 shares of the energy producer’s stock worth $1,660,000 after acquiring an additional 157 shares during the period. Finally, Leo Wealth LLC bought a new position in shares of ConocoPhillips during the fourth quarter worth approximately $401,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

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.