ConocoPhillips (NYSE:COP) Downgraded to Hold at StockNews.com

StockNews.com lowered shares of ConocoPhillips (NYSE:COPFree Report) from a buy rating to a hold rating in a research report report published on Monday.

Several other equities analysts have also recently commented on COP. Barclays upped their price target on ConocoPhillips from $158.00 to $160.00 and gave the company an overweight rating in a report on Thursday, May 30th. Bank of America reaffirmed a buy rating and issued a $147.00 price target on shares of ConocoPhillips in a report on Friday, June 14th. Argus raised ConocoPhillips to a strong-buy rating in a report on Friday, June 7th. Piper Sandler upped their price target on ConocoPhillips from $145.00 to $157.00 and gave the company an overweight rating in a report on Thursday, April 18th. Finally, Royal Bank of Canada increased their target price on ConocoPhillips from $135.00 to $140.00 and gave the stock an outperform rating in a report on Wednesday, May 15th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $145.69.

View Our Latest Research Report on ConocoPhillips

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $112.53 on Monday. The business has a 50 day moving average price of $115.85 and a 200 day moving average price of $117.46. ConocoPhillips has a twelve month low of $104.85 and a twelve month high of $135.18. The company has a market cap of $131.61 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 2.00 and a beta of 1.23. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COPGet Free Report) last announced its earnings results on Thursday, May 2nd. The energy producer reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.04. The firm had revenue of $14.48 billion during the quarter, compared to the consensus estimate of $14.72 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. Research analysts predict that ConocoPhillips will post 8.89 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were issued a dividend of $0.78 per share. The ex-dividend date was Friday, May 10th. This represents a $3.12 dividend on an annualized basis and a yield of 2.77%. ConocoPhillips’s dividend payout ratio is 26.27%.

Institutional Investors Weigh In On ConocoPhillips

Hedge funds and other institutional investors have recently bought and sold shares of the business. Orion Capital Management LLC acquired a new stake in ConocoPhillips during the 3rd quarter valued at $27,000. West Branch Capital LLC increased its holdings in ConocoPhillips by 87.8% during the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after purchasing an additional 108 shares in the last quarter. Sachetta LLC bought a new position in ConocoPhillips in the 4th quarter valued at $27,000. Cooksen Wealth LLC acquired a new stake in shares of ConocoPhillips in the 4th quarter valued at $27,000. Finally, Cape Investment Advisory Inc. increased its stake in shares of 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 and hedge funds.

ConocoPhillips Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for ConocoPhillips (NYSE:COP)

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