ConocoPhillips (NYSE:COP) had its price objective hoisted by Barclays PLC from $55.00 to $59.00 in a research note released on Friday, October 27th, MarketBeat.com reports. Barclays PLC currently has an overweight rating on the energy producer’s stock.
A number of other equities research analysts have also weighed in on the company. Wells Fargo & Company lifted their target price on ConocoPhillips from $57.00 to $60.00 and gave the company an outperform rating in a research report on Friday, October 27th. Piper Jaffray Companies reissued a buy rating and issued a $52.00 price target on shares of ConocoPhillips in a research report on Thursday, October 19th. Morgan Stanley boosted their price target on ConocoPhillips from $45.00 to $48.00 and gave the stock an equal weight rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded ConocoPhillips from a hold rating to a sell rating in a research note on Tuesday, October 10th. Finally, Royal Bank Of Canada restated a buy rating and set a $54.00 target price on shares of ConocoPhillips in a research note on Friday, September 29th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and a consensus target price of $55.37.
Shares of ConocoPhillips (NYSE COP) traded down $0.42 during trading on Friday, hitting $52.57. The stock had a trading volume of 6,728,200 shares, compared to its average volume of 7,217,549. The stock has a market cap of $63,350.39, a PE ratio of 2,649.50, a price-to-earnings-growth ratio of 13.72 and a beta of 1.28. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $54.22.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same period last year, the company earned ($0.66) EPS. equities analysts expect that ConocoPhillips will post 0.52 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 16th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, October 13th. ConocoPhillips’s payout ratio is currently -57.30%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Waldron LP raised its stake in ConocoPhillips by 44.5% in the first quarter. Waldron LP now owns 7,072 shares of the energy producer’s stock valued at $350,000 after buying an additional 2,178 shares in the last quarter. Point View Wealth Management Inc. grew its holdings in shares of ConocoPhillips by 7.9% during the first quarter. Point View Wealth Management Inc. now owns 27,487 shares of the energy producer’s stock worth $1,371,000 after purchasing an additional 2,018 shares during the last quarter. Harbour Investment Management LLC purchased a new position in shares of ConocoPhillips during the first quarter worth about $999,000. Suntrust Banks Inc. grew its holdings in shares of ConocoPhillips by 1.6% during the first quarter. Suntrust Banks Inc. now owns 303,973 shares of the energy producer’s stock worth $15,157,000 after purchasing an additional 4,810 shares during the last quarter. Finally, Planning Alternatives Ltd. ADV purchased a new position in shares of ConocoPhillips during the first quarter worth about $222,000. Institutional investors and hedge funds own 70.08% of the company’s stock.
ConocoPhillips Company Profile
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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