ConocoPhillips (NYSE:COP) had its price objective upped by Royal Bank Of Canada from $58.00 to $60.00 in a report issued on Thursday, November 9th, Marketbeat.com reports. They currently have an outperform rating on the energy producer’s stock.
Several other analysts have also recently commented on COP. Scotiabank reiterated a buy rating and issued a $53.00 target price on shares of ConocoPhillips in a report on Friday, September 29th. BidaskClub lowered ConocoPhillips from a hold rating to a sell rating in a research note on Thursday, August 17th. Barclays reissued an overweight rating and issued a $55.00 price target (up from $51.00) on shares of ConocoPhillips in a research note on Tuesday, October 10th. Zacks Investment Research raised ConocoPhillips from a sell rating to a hold rating in a research report on Tuesday, August 1st. Finally, Piper Jaffray Companies set a $45.00 target price on ConocoPhillips and gave the stock a buy rating in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $55.37.
ConocoPhillips (NYSE COP) traded up $0.97 during trading on Thursday, reaching $50.13. The company’s stock had a trading volume of 6,524,584 shares, compared to its average volume of 7,141,919. ConocoPhillips has a 1 year low of $42.26 and a 1 year high of $54.22. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38. The company has a market capitalization of $60,337.70, a PE ratio of 2,523.50, a PEG ratio of 12.04 and a beta of 1.28.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 16th will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.06 annualized dividend and a dividend yield of 2.11%. ConocoPhillips’s payout ratio is -57.30%.
Hedge funds have recently bought and sold shares of the company. Financial Management Professionals Inc. raised its holdings in shares of ConocoPhillips by 0.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after acquiring an additional 6 shares in the last quarter. First Command Bank raised its holdings in shares of ConocoPhillips by 9.4% in the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after acquiring an additional 199 shares in the last quarter. Krilogy Financial LLC raised its holdings in shares of ConocoPhillips by 48.6% in the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock valued at $105,000 after acquiring an additional 782 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of ConocoPhillips by 468.4% in the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Rocky Mountain Advisers LLC raised its holdings in shares of ConocoPhillips by 140.2% in the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,392 shares of the energy producer’s stock valued at $120,000 after acquiring an additional 1,396 shares in the last quarter. Institutional investors own 69.89% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “ConocoPhillips (NYSE:COP) Price Target Raised to $60.00” was reported by BBNS and is the property of of BBNS. If you are viewing this report on another site, it was illegally stolen and republished in violation of US and international copyright & trademark laws. The legal version of this report can be viewed at https://baseballnewssource.com/markets/conocophillips-cop-pt-raised-to-60-00-at-royal-bank-of-canada/1770622.html.
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.
Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with our FREE daily email newsletter.