ConocoPhillips (NYSE:COP) had its target price increased by Royal Bank Of Canada from $58.00 to $60.00 in a report published on Thursday morning, Marketbeat Ratings reports. They currently have an outperform rating on the energy producer’s stock.
COP has been the topic of a number of other reports. Wells Fargo & Company lifted their price target on ConocoPhillips from $57.00 to $60.00 and gave the stock an outperform rating in a research note on Friday, October 27th. Citigroup Inc. lowered their price objective on ConocoPhillips from $65.00 to $57.00 and set a buy rating on the stock in a research note on Friday, July 21st. Piper Jaffray Companies reissued a buy rating and set a $53.00 price objective on shares of ConocoPhillips in a research note on Friday, November 3rd. Scotiabank reissued a buy rating and set a $53.00 price objective on shares of ConocoPhillips in a research note on Wednesday, November 1st. Finally, Jefferies Group LLC set a $59.00 price objective on ConocoPhillips and gave the stock a buy rating in a research note on Sunday, July 30th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. ConocoPhillips presently has an average rating of Hold and a consensus price target of $55.37.
Shares of ConocoPhillips (COP) opened at $52.99 on Thursday. 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 stock has a market capitalization of $63,350.39, a P/E ratio of 2,649.50, a PEG ratio of 13.72 and a beta of 1.28. 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 for 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 in the previous year, the company posted ($0.66) earnings per share. research analysts predict that ConocoPhillips will post 0.52 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 16th will be issued a $0.265 dividend. The ex-dividend date is Friday, October 13th. This represents a $1.06 annualized dividend and a dividend yield of 2.00%. ConocoPhillips’s dividend payout ratio is presently -57.30%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. grew 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 purchasing an additional 6 shares in the last quarter. First Command Bank grew its stake in ConocoPhillips by 9.4% during the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after purchasing an additional 199 shares in the last quarter. Krilogy Financial LLC grew its stake in ConocoPhillips by 48.6% during the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock worth $105,000 after purchasing an additional 782 shares in the last quarter. Advantage Investment Management LLC grew its stake in ConocoPhillips by 65.3% during the 1st quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock worth $121,000 after purchasing an additional 958 shares in the last quarter. Finally, Westside Investment Management Inc. grew its stake in ConocoPhillips by 468.4% during the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after purchasing an additional 2,000 shares in the last quarter. 70.08% of the stock is owned by hedge funds and other institutional investors.
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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