ConocoPhillips (NYSE:COP) Stock Picked Up by Analysts at Piper Sandler

Analysts at Piper Sandler began coverage on shares of ConocoPhillips (NYSE:COP) in a report issued on Tuesday. The brokerage set a “neutral” rating and a $157.00 price target on the energy producer’s stock. Piper Sandler‘s target price indicates a potential upside of 3.61% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on COP. Stifel Nicolaus began coverage on shares of ConocoPhillips in a research report on Thursday, September 10th. They issued a “hold” rating and a $148.00 price target for the company. Wells Fargo & Company lifted their target price on ConocoPhillips from $183.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Mizuho reduced their target price on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Raymond James Financial reissued an “underperform” rating and issued a $168.00 target price on shares of ConocoPhillips in a research report on Monday, August 24th. Finally, UBS Group upped their target price on ConocoPhillips from $153.00 to $169.00 and gave the company a “buy” rating in a research report on Monday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and an average target price of $145.00.

ConocoPhillips Stock Up 0.5%

Shares of NYSE:COP opened at $151.53 on Tuesday. The company has a market capitalization of $182.04 billion, a PE ratio of 20.04, a P/E/G ratio of 1.47 and a beta of 0.24. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $152.77. The firm has a 50 day simple moving average of $134.09 and a 200-day simple moving average of $119.70.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.34. The business had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The company’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.42 EPS. On average, equities analysts predict that ConocoPhillips will post 11.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the transaction, the senior vice president directly owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. This trade represents a 49.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ConocoPhillips

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Warwick Investment Management Inc. lifted its holdings in ConocoPhillips by 2.1% in the third quarter. Warwick Investment Management Inc. now owns 4,066 shares of the energy producer’s stock valued at $509,000 after buying an additional 82 shares during the period. Patten Group Inc. boosted its position in ConocoPhillips by 1.5% during the first quarter. Patten Group Inc. now owns 5,447 shares of the energy producer’s stock valued at $719,000 after acquiring an additional 83 shares during the last quarter. IFC Advisors LLC boosted its position in ConocoPhillips by 0.4% during the first quarter. IFC Advisors LLC now owns 20,182 shares of the energy producer’s stock valued at $2,664,000 after acquiring an additional 84 shares during the last quarter. Kennebec Savings Bank grew its holdings in ConocoPhillips by 1.3% during the 3rd quarter. Kennebec Savings Bank now owns 6,828 shares of the energy producer’s stock worth $855,000 after acquiring an additional 85 shares during the period. Finally, Cornerstone Planning Group LLC grew its holdings in ConocoPhillips by 9.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,006 shares of the energy producer’s stock worth $124,000 after acquiring an additional 88 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips reached $151.37, a new 52-week high, reflecting continued investor momentum in the energy sector. ConocoPhillips Reaches $151.37, a Fresh 52-Week High
• Positive Sentiment: Brent crude futures rose above $116 per barrel, a six-month high, lifting major oil producers including COP. Higher oil prices can improve ConocoPhillips’ cash flow and earnings outlook. Why Did XOM, COP, CVX Jump To 52-Week Highs Last Week?
• Positive Sentiment: Analysts expect a double-digit earnings increase in the third quarter, supporting optimism ahead of ConocoPhillips’ results later this month. The company previously exceeded earnings and revenue estimates in its latest reported quarter. What to Expect From ConocoPhillips’ Next Quarterly Earnings Report
• Positive Sentiment: ConocoPhillips’ consensus price target was raised 13.63% to MX$2,845.05, indicating improved analyst expectations. ConocoPhillips Consensus Price Target Raised
• Neutral Sentiment: Long-term performance coverage highlights the potential benefits of holding COP over extended periods, but it does not represent a new fundamental catalyst. Here’s How Much a $1000 Investment in ConocoPhillips Made 10 Years Ago Would Be Worth Today
• Neutral Sentiment: Comparisons with EOG Resources may influence investor preference within the exploration-and-production sector, but the article does not announce a material change to COP’s operations. ConocoPhillips Vs EOG Resources
• Negative Sentiment: ConocoPhillips plans additional Canadian workforce reductions for a second consecutive year and announced changes within its global IT organization. The moves may reduce costs, but they also signal restructuring and could raise concerns about operational disruption or weaker regional activity. ConocoPhillips to Reduce Workforce in Canada ConocoPhillips Announces Workforce Changes

ConocoPhillips Company Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing oil, natural gas and natural gas liquids. Unlike integrated energy companies, it primarily focuses on upstream activities rather than operating large refining or retail fuel businesses.

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.