ConocoPhillips (NYSE:COP) had its price objective boosted by Royal Bank Of Canada from $58.00 to $60.00 in a research report report published on Thursday, November 9th, Marketbeat reports. Royal Bank Of Canada currently has an outperform rating on the energy producer’s stock.
COP has been the topic of a number of other research reports. Jefferies Group LLC set a $54.00 target price on ConocoPhillips and gave the company a buy rating in a research report on Tuesday, August 29th. Barclays PLC boosted their price target on ConocoPhillips from $55.00 to $59.00 and gave the company an overweight rating in a report on Friday, October 27th. Zacks Investment Research downgraded ConocoPhillips from a hold rating to a sell rating in a report on Monday, July 17th. BidaskClub raised ConocoPhillips from a strong sell rating to a sell rating in a report on Monday, July 31st. Finally, Piper Jaffray Companies set a $45.00 price target on ConocoPhillips and gave the company a buy rating in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $55.37.
ConocoPhillips (NYSE COP) traded down $0.07 during mid-day trading on Thursday, hitting $50.01. The company had a trading volume of 6,331,500 shares, compared to its average volume of 7,179,994. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $54.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. The company has a market capitalization of $59,871.44, a P/E ratio of 2,504.00, a P/E/G ratio of 12.31 and a beta of 1.28.
ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.08. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. The company had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the previous year, the firm earned ($0.66) earnings per share. analysts predict that ConocoPhillips will post 0.54 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 16th will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, October 13th. ConocoPhillips’s payout ratio is -57.30%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Management Professionals Inc. lifted its stake in ConocoPhillips by 0.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after acquiring an additional 6 shares in the last quarter. First Command Bank raised its position in 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 purchasing an additional 199 shares in the last quarter. Krilogy Financial LLC raised its position in 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 purchasing an additional 782 shares in the last quarter. Westside Investment Management Inc. raised its position in 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 purchasing an additional 2,000 shares in the last quarter. Finally, Rocky Mountain Advisers LLC raised its position in 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 purchasing an additional 1,396 shares in the last quarter. 69.83% of the stock is currently owned by hedge funds and other institutional investors.
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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