ConocoPhillips (NYSE:COP) Given Consensus Rating of “Buy” by Analysts

ConocoPhillips (NYSE:COP) has been assigned an average recommendation of “Buy” from the nineteen brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, seventeen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $132.95.

Several brokerages have issued reports on COP. UBS Group decreased their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price target on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Morgan Stanley dropped their price objective on ConocoPhillips from $131.00 to $126.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Mizuho raised ConocoPhillips from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $132.00 to $134.00 in a research report on Monday, December 16th. Finally, Barclays dropped their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 10th.

Institutional Investors Weigh In On ConocoPhillips

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Albion Financial Group UT raised its position in shares of ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock valued at $25,000 after purchasing an additional 228 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in ConocoPhillips in the 4th quarter worth $26,000. Centricity Wealth Management LLC purchased a new stake in ConocoPhillips in the 4th quarter worth $27,000. 10Elms LLP bought a new stake in ConocoPhillips during the fourth quarter valued at about $28,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of ConocoPhillips in the fourth quarter valued at about $32,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Up 2.6 %

COP stock opened at $105.04 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average of $98.94 and a 200 day moving average of $103.29. ConocoPhillips has a twelve month low of $86.81 and a twelve month high of $135.18. The firm has a market cap of $133.65 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. On average, research analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips’s dividend payout ratio (DPR) is currently 40.05%.

About ConocoPhillips

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.