ConocoPhillips (NYSE:COP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of ConocoPhillips (NYSE:COP) have been assigned an average rating of “Moderate Buy” from the twenty-eight research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $134.76.

Several analysts recently commented on the company. Barclays raised their target price on ConocoPhillips from $136.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Weiss Ratings restated a “hold (c)” rating on shares of ConocoPhillips in a research report on Wednesday, June 3rd. Mizuho raised their price objective on shares of ConocoPhillips from $136.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group cut their target price on shares of ConocoPhillips from $144.00 to $138.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Wolfe Research boosted their target price on shares of ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a research note on Monday, April 6th.

ConocoPhillips Price Performance

NYSE:COP opened at $103.25 on Thursday. The firm’s fifty day moving average is $116.43 and its two-hundred day moving average is $112.12. The firm has a market cap of $125.78 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.20 and a beta of 0.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The business had revenue of $15.76 billion during the quarter, compared to analyst estimates of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The company’s revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the business posted $2.09 EPS. Research analysts expect that ConocoPhillips will post 9.66 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 issued 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 yield of 3.3%. ConocoPhillips’s payout ratio is presently 57.05%.

Institutional Investors Weigh In On ConocoPhillips

Several hedge funds have recently modified their holdings of COP. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in ConocoPhillips in the 4th quarter worth about $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in ConocoPhillips during the third quarter worth approximately $28,000. Board of the Pension Protection Fund acquired a new stake in ConocoPhillips in the fourth quarter valued at approximately $28,000. Strive Asset Management LLC acquired a new stake in ConocoPhillips in the third quarter valued at approximately $28,000. Finally, Frazier Financial Advisors LLC increased its position in shares of ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after buying an additional 145 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

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.