ConocoPhillips (NYSE:COP) PT Lowered to $132.00

ConocoPhillips (NYSE:COP) had its price target decreased by Mizuho from $142.00 to $132.00 in a research note released on Wednesday morning, Benzinga reports. Mizuho currently has a neutral rating on the energy producer’s stock.

Other research analysts also recently issued reports about the company. Piper Sandler raised their price objective on ConocoPhillips from $145.00 to $157.00 and gave the company an overweight rating in a research note on Thursday, April 18th. UBS Group raised their price objective on ConocoPhillips from $138.00 to $143.00 and gave the company a buy rating in a research note on Wednesday, February 14th. Wells Fargo & Company raised their target price on ConocoPhillips from $149.00 to $151.00 and gave the company an overweight rating in a report on Friday, May 3rd. Scotiabank raised their target price on ConocoPhillips from $120.00 to $135.00 and gave the company a sector perform rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada raised their target price on ConocoPhillips from $135.00 to $140.00 and gave the company an outperform rating in a report on Wednesday, May 15th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $144.35.

ConocoPhillips Stock Down 0.2 %

COP opened at $112.00 on Wednesday. The business has a 50-day moving average of $123.91 and a 200-day moving average of $117.71. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.21. ConocoPhillips has a fifty-two week low of $99.35 and a fifty-two week high of $135.18. The company has a market capitalization of $130.99 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 2.51 and a beta of 1.22.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The business had revenue of $14.48 billion for the quarter, compared to the consensus estimate of $14.72 billion. Equities research analysts forecast that ConocoPhillips will post 8.93 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were paid a dividend of $0.78 per share. The ex-dividend date was Friday, May 10th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.79%. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.27%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total value of $1,536,246.00. Following the completion of the transaction, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Ryan Michael Lance sold 607,000 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the completion of the transaction, the chief executive officer now directly owns 6,780 shares of the company’s stock, valued at $853,669.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nicholas G. Olds sold 12,150 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total value of $1,536,246.00. Following the sale, the executive vice president now owns 14,522 shares in the company, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 664,350 shares of company stock valued at $83,537,680. Company insiders own 0.34% of the company’s stock.

Institutional Trading of ConocoPhillips

Several institutional investors and hedge funds have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its holdings in ConocoPhillips by 2.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,840,035 shares of the energy producer’s stock worth $232,629,000 after acquiring an additional 42,488 shares in the last quarter. First Citizens Financial Corp bought a new stake in ConocoPhillips in the first quarter valued at approximately $209,000. Pathway Financial Advisers LLC bought a new stake in ConocoPhillips in the first quarter valued at approximately $49,000. Soltis Investment Advisors LLC raised its stake in ConocoPhillips by 8.5% in the first quarter. Soltis Investment Advisors LLC now owns 13,561 shares of the energy producer’s stock valued at $1,726,000 after buying an additional 1,068 shares during the period. Finally, Boston Partners raised its stake in ConocoPhillips by 10.3% in the first quarter. Boston Partners now owns 4,451,796 shares of the energy producer’s stock valued at $567,111,000 after buying an additional 415,878 shares during the period. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.