Susquehanna Boosts ConocoPhillips (NYSE:COP) Price Target to $154.00

ConocoPhillips (NYSE:COP) had its target price increased by equities researchers at Susquehanna from $133.00 to $154.00 in a research note issued on Monday, Benzinga reports. The firm presently has a “positive” rating on the energy producer’s stock. Susquehanna’s target price would suggest a potential upside of 19.03% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Barclays began coverage on ConocoPhillips in a report on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price objective for the company. Wells Fargo & Company upped their price objective on ConocoPhillips from $141.00 to $149.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. UBS Group upped their price objective on ConocoPhillips from $138.00 to $143.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Scotiabank upped their price objective on ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Finally, Morgan Stanley upped their price objective on ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and an average price target of $143.24.

ConocoPhillips Trading Up 1.2 %

Shares of COP opened at $129.38 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 12-month low of $95.70 and a 12-month high of $135.18. The firm has a market capitalization of $152.20 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 2.73 and a beta of 1.24. The stock’s fifty day simple moving average is $120.56 and its 200-day simple moving average is $117.20.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.32. The business had revenue of $15.31 billion for the quarter, compared to analyst estimates of $14.47 billion. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. During the same quarter in the prior year, the firm posted $2.71 earnings per share. As a group, research analysts predict that ConocoPhillips will post 9.47 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO William L. Jr. Bullock sold 45,200 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $123.32, for a total transaction of $5,574,064.00. Following the transaction, the chief financial officer now directly owns 44,153 shares in the company, valued at $5,444,947.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 700,775 shares of company stock worth $87,615,169. 0.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On ConocoPhillips

Hedge funds have recently bought and sold shares of the business. Orion Capital Management LLC bought a new position in ConocoPhillips during the third quarter worth about $27,000. West Branch Capital LLC increased its position in ConocoPhillips by 87.8% during the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after acquiring an additional 108 shares during the period. Sachetta LLC bought a new position in ConocoPhillips during the fourth quarter worth about $27,000. Cooksen Wealth LLC bought a new position in ConocoPhillips in the 4th quarter valued at about $27,000. Finally, Cape Investment Advisory Inc. increased its holdings in ConocoPhillips by 96.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock valued at $29,000 after buying an additional 121 shares during the period. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.