ConocoPhillips (NYSE:COP)‘s stock had its “overweight” rating restated by equities research analysts at Barclays PLC in a research report issued to clients and investors on Monday. They presently have a $60.00 price objective on the stock. Barclays PLC’s target price points to a potential upside of 38.47% from the company’s current price.
Several other equities analysts have also recently issued reports on the stock. Deutsche Bank AG reaffirmed a “buy” rating and issued a $62.00 price objective on shares of ConocoPhillips in a research note on Thursday, June 16th. Jefferies Group reaffirmed a “sell” rating on shares of ConocoPhillips in a research note on Thursday, June 30th. Nomura reaffirmed a “hold” rating and issued a $49.00 price objective on shares of ConocoPhillips in a research note on Monday, October 3rd. Vetr cut shares of ConocoPhillips from a “hold” rating to a “sell” rating and set a $40.39 price objective on the stock. in a research note on Thursday, September 8th. Finally, JPMorgan Chase & Co. raised shares of ConocoPhillips from an “underweight” rating to a “neutral” rating and set a $44.00 price objective on the stock in a research note on Monday, July 11th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. ConocoPhillips presently has an average rating of “Hold” and a consensus price target of $49.69.
Shares of ConocoPhillips (NYSE:COP) opened at 43.33 on Monday. ConocoPhillips has a 52-week low of $31.05 and a 52-week high of $57.24. The firm’s market cap is $53.66 billion. The stock has a 50 day moving average of $41.85 and a 200 day moving average of $42.79.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by $0.18. The business earned $5.58 billion during the quarter, compared to analyst estimates of $5.38 billion. ConocoPhillips had a negative return on equity of 9.26% and a negative net margin of 28.40%. The business’s revenue for the quarter was down 35.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. Equities analysts predict that ConocoPhillips will post ($2.47) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, October 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is presently -17.57%.
In other ConocoPhillips news, Director Arjun N. Murti bought 6,500 shares of ConocoPhillips stock in a transaction on Monday, August 1st. The stock was purchased at an average cost of $39.72 per share, for a total transaction of $258,180.00. Following the completion of the purchase, the director now directly owns 19,000 shares of the company’s stock, valued at $754,680. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ellen Desanctis bought 5,000 shares of ConocoPhillips stock in a transaction on Thursday, August 11th. The stock was acquired at an average price of $40.50 per share, with a total value of $202,500.00. Following the completion of the purchase, the vice president now directly owns 22,010 shares of the company’s stock, valued at $891,405. The disclosure for this purchase can be found here. 0.07% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Pinkerton Retirement Specialists LLC boosted its stake in ConocoPhillips by 5,507.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,411 shares of the company’s stock worth $105,000 after buying an additional 2,368 shares during the period. Integrated Investment Consultants LLC boosted its stake in ConocoPhillips by 25.0% in the second quarter. Integrated Investment Consultants LLC now owns 2,543 shares of the company’s stock worth $111,000 after buying an additional 509 shares during the period. Signaturefd LLC boosted its stake in ConocoPhillips by 16.9% in the second quarter. Signaturefd LLC now owns 2,648 shares of the company’s stock worth $115,000 after buying an additional 383 shares during the period. Quadrant Capital Group LLC boosted its stake in ConocoPhillips by 100.0% in the second quarter. Quadrant Capital Group LLC now owns 2,742 shares of the company’s stock worth $109,000 after buying an additional 1,371 shares during the period. Finally, Cribstone Capital Management LLC acquired a new stake in ConocoPhillips during the second quarter worth about $122,000. Hedge funds and other institutional investors own 63.69% of the company’s stock.
ConocoPhillips Company Profile