Shares of ConocoPhillips (NYSE:COP) have received an average rating of “Hold” from the thirty research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $55.94.
Several research firms have recently issued reports on COP. Zacks Investment Research raised ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Scotiabank set a $54.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a report on Tuesday, August 1st. Jefferies Group LLC set a $59.00 price target on ConocoPhillips and gave the company a “buy” rating in a report on Sunday, July 30th. BidaskClub upgraded ConocoPhillips from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, ValuEngine raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Monday, July 24th.
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In other news, VP James D. Mcmorran sold 9,091 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $47.47, for a total value of $431,549.77. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.82% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Patten & Patten Inc. TN raised its position in ConocoPhillips by 4.6% in the second quarter. Patten & Patten Inc. TN now owns 59,322 shares of the energy producer’s stock valued at $2,608,000 after buying an additional 2,607 shares during the period. Sowell Financial Services LLC acquired a new position in ConocoPhillips during the fourth quarter valued at approximately $1,219,000. State of Alaska Department of Revenue acquired a new position in ConocoPhillips during the first quarter valued at approximately $193,000. First Foundation Advisors acquired a new position in ConocoPhillips during the first quarter valued at approximately $497,000. Finally, IFM Investors Pty Ltd acquired a new position in ConocoPhillips during the fourth quarter valued at approximately $791,000. 68.84% of the stock is currently owned by hedge funds and other institutional investors.
ConocoPhillips (COP) traded up 0.04% on Tuesday, reaching $45.65. The company’s stock had a trading volume of 7,451,119 shares. The stock’s market cap is $55.55 billion. ConocoPhillips has a one year low of $39.00 and a one year high of $53.17. The stock has a 50-day moving average of $44.23 and a 200-day moving average of $46.67.
ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16. The firm had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $6.74 billion. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. During the same quarter last year, the business posted ($0.79) earnings per share. On average, analysts predict that ConocoPhillips will post $0.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Thursday, July 20th. ConocoPhillips’s payout ratio is currently -34.98%.
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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