ConocoPhillips (COP) Upgraded at Wolfe Research

Wolfe Research upgraded shares of ConocoPhillips (NYSE:COP) from a market perform rating to an outperform rating in a research note issued to investors on Monday, The Fly reports.

A number of other research analysts have also recently commented on the company. Mizuho set a $68.00 target price on ConocoPhillips and gave the company a hold rating in a research note on Monday, December 3rd. Zacks Investment Research lowered ConocoPhillips from a buy rating to a hold rating in a research report on Thursday, November 22nd. Morgan Stanley reduced their price objective on ConocoPhillips from $88.00 to $84.00 and set a buy rating for the company in a research report on Tuesday, November 20th. Piper Jaffray Companies reaffirmed a hold rating and set a $66.00 price objective on shares of ConocoPhillips in a research report on Monday, November 19th. Finally, BMO Capital Markets set a $78.00 price objective on ConocoPhillips and gave the company a buy rating in a research report on Monday, November 12th. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $73.89.

COP opened at $65.20 on Monday. The company has a market capitalization of $75.88 billion, a PE ratio of 108.67, a PEG ratio of 1.54 and a beta of 1.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.99 and a quick ratio of 1.82. ConocoPhillips has a 52 week low of $50.18 and a 52 week high of $80.24.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 25th. The energy producer reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.19. The company had revenue of $10.17 billion during the quarter, compared to analysts’ expectations of $9.48 billion. ConocoPhillips had a return on equity of 14.62% and a net margin of 16.08%. As a group, research analysts expect that ConocoPhillips will post 4.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, October 15th were given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Friday, October 12th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.29. ConocoPhillips’s dividend payout ratio (DPR) is 203.33%.

Institutional investors have recently bought and sold shares of the business. Bell Rock Capital LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter worth $105,000. Central Bank & Trust Co. increased its holdings in shares of ConocoPhillips by 1,006.7% in the 3rd quarter. Central Bank & Trust Co. now owns 1,660 shares of the energy producer’s stock worth $128,000 after purchasing an additional 1,510 shares in the last quarter. Palo Capital Inc. bought a new stake in shares of ConocoPhillips in the 3rd quarter worth $131,000. Lucia Wealth Services LLC increased its holdings in shares of ConocoPhillips by 541.3% in the 2nd quarter. Lucia Wealth Services LLC now owns 2,251 shares of the energy producer’s stock worth $157,000 after purchasing an additional 1,900 shares in the last quarter. Finally, NuWave Investment Management LLC increased its holdings in shares of ConocoPhillips by 8,000.0% in the 3rd quarter. NuWave Investment Management LLC now owns 2,025 shares of the energy producer’s stock worth $157,000 after purchasing an additional 2,000 shares in the last quarter. 71.84% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.

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