ConocoPhillips (NYSE:COP) Receives $134.60 Consensus Target Price from Analysts

Shares of ConocoPhillips (NYSE:COP) have received an average rating of “Moderate Buy” from the twenty-eight research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $134.48.

COP has been the subject of a number of analyst reports. Piper Sandler raised their price target on ConocoPhillips from $154.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Sanford C. Bernstein raised their price target on ConocoPhillips from $98.00 to $121.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Wall Street Zen raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Capital One Financial lowered their price objective on ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Monday, May 18th. Finally, Truist Financial set a $128.00 price objective on ConocoPhillips in a research report on Friday, May 1st.

ConocoPhillips Price Performance

ConocoPhillips stock opened at $117.10 on Friday. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The business has a fifty day moving average price of $122.08 and a 200-day moving average price of $109.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The firm has a market capitalization of $142.66 billion, a P/E ratio of 19.88, a PEG ratio of 1.30 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm had revenue of $15.76 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same period last year, the company earned $2.09 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, equities research analysts forecast that ConocoPhillips will post 10.03 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is 57.05%.

Insider Buying and Selling

In related news, SVP Andrew D. Lundquist sold 34,500 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $4,128,960.00. Following the sale, the senior vice president owned 17,469 shares in the company, valued at approximately $2,090,689.92. This trade represents a 66.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total value of $1,001,231.00. Following the completion of the sale, the senior vice president owned 25,284 shares in the company, valued at $3,287,678.52. This trade represents a 23.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 694,891 shares of company stock valued at $88,594,092 in the last ninety days. 0.09% of the stock is owned by insiders.

Hedge Funds Weigh In On ConocoPhillips

Institutional investors have recently made changes to their positions in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in ConocoPhillips in the fourth quarter valued at $25,000. Cloud Capital Management LLC bought a new position in ConocoPhillips in the third quarter valued at $26,000. KERR FINANCIAL PLANNING Corp bought a new position in ConocoPhillips in the third quarter valued at $28,000. Board of the Pension Protection Fund bought a new position in ConocoPhillips in the fourth quarter valued at $28,000. Finally, Strive Asset Management LLC bought a new position in ConocoPhillips in the third quarter valued at $28,000. Institutional investors 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.