ConocoPhillips (NYSE:COP) Downgraded by StockNews.com

StockNews.com lowered shares of ConocoPhillips (NYSE:COPFree Report) from a buy rating to a hold rating in a report published on Tuesday.

Several other research analysts also recently issued reports on COP. Scotiabank raised their price objective on shares of ConocoPhillips from $120.00 to $135.00 and gave the stock a sector perform rating in a research report on Thursday, April 11th. Barclays raised their price objective on shares of ConocoPhillips from $158.00 to $160.00 and gave the stock an overweight rating in a research report on Thursday, May 30th. UBS Group raised their price objective on shares of ConocoPhillips from $138.00 to $143.00 and gave the stock a buy rating in a research report on Wednesday, February 14th. Raymond James reissued a strong-buy rating and set a $159.00 price objective (up from $155.00) on shares of ConocoPhillips in a research report on Thursday, May 30th. Finally, Mizuho lifted their target price on shares of ConocoPhillips from $139.00 to $142.00 and gave the company a neutral rating in a report on Monday, May 13th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $144.35.

Check Out Our Latest Research Report on ConocoPhillips

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $112.00 on Tuesday. The company’s fifty day moving average price is $123.91 and its 200 day moving average price is $117.71. ConocoPhillips has a 12 month low of $99.35 and a 12 month high of $135.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market capitalization of $130.99 billion, a P/E ratio of 12.68, a P/E/G ratio of 2.51 and a beta of 1.22.

ConocoPhillips (NYSE:COPGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, topping the consensus estimate of $1.99 by $0.04. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. The firm had revenue of $14.48 billion for the quarter, compared to analyst estimates of $14.72 billion. As a group, sell-side analysts predict that ConocoPhillips will post 8.93 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

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

Insiders Place Their Bets

In other news, CFO William L. Jr. Bullock sold 45,200 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $123.32, for a total value of $5,574,064.00. Following the completion of the transaction, the chief financial officer now owns 44,153 shares of the company’s stock, valued at $5,444,947.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO William L. Jr. Bullock sold 45,200 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $123.32, for a total value of $5,574,064.00. Following the completion of the transaction, the chief financial officer now owns 44,153 shares of the company’s stock, valued at $5,444,947.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ryan Michael Lance sold 607,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were 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 approximately $853,669.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 664,350 shares of company stock worth $83,537,680. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On ConocoPhillips

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Valued Wealth Advisors LLC boosted its holdings in shares of ConocoPhillips by 45.8% in the first quarter. Valued Wealth Advisors LLC now owns 261 shares of the energy producer’s stock valued at $33,000 after buying an additional 82 shares during the period. Astoria Portfolio Advisors LLC. boosted its holdings in ConocoPhillips by 4.0% during the first quarter. Astoria Portfolio Advisors LLC. now owns 2,232 shares of the energy producer’s stock worth $291,000 after purchasing an additional 85 shares during the last quarter. Manchester Capital Management LLC raised its position in ConocoPhillips by 22.1% during the first quarter. Manchester Capital Management LLC now owns 475 shares of the energy producer’s stock worth $60,000 after acquiring an additional 86 shares in the last quarter. Evergreen Capital Management LLC raised its position in ConocoPhillips by 0.5% during the third quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer’s stock worth $2,270,000 after acquiring an additional 89 shares in the last quarter. Finally, Adirondack Trust Co. raised its position in ConocoPhillips by 3.1% during the fourth quarter. Adirondack Trust Co. now owns 2,990 shares of the energy producer’s stock worth $336,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Company Profile

(Get Free Report)

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.

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Analyst Recommendations for ConocoPhillips (NYSE:COP)

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