ConocoPhillips (NYSE:COP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of ConocoPhillips (NYSE:COP) have received an average rating of “Moderate Buy” from the twenty-eight analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $134.04.

Several research firms have recently weighed in on COP. Zacks Research lowered shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Susquehanna raised their price objective on shares of ConocoPhillips from $149.00 to $152.00 in a research report on Friday, May 1st. Argus raised their price objective on shares of ConocoPhillips from $128.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, May 15th. BMO Capital Markets decreased their target price on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Finally, Mizuho raised their target price on shares of ConocoPhillips from $136.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th.

ConocoPhillips Stock Performance

NYSE:COP opened at $104.33 on Thursday. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $135.87. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $116.94 and a 200-day moving average of $112.02. The firm has a market cap of $127.11 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.17 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same quarter last year, the firm posted $2.09 EPS. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. Analysts forecast that ConocoPhillips will post 10.03 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is presently 57.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of ConocoPhillips in the fourth quarter worth about $25,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of ConocoPhillips in the third quarter worth about $28,000. Board of the Pension Protection Fund acquired a new position in shares of ConocoPhillips in the fourth quarter worth about $28,000. Strive Asset Management LLC acquired a new position in shares of ConocoPhillips in the third quarter worth about $28,000. Finally, Frazier Financial Advisors LLC boosted its holdings in shares of ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after buying an additional 145 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.