ConocoPhillips (NYSE:COP) Given New $95.00 Price Target at Scotiabank

ConocoPhillips (NYSE:COP) had its price objective lowered by Scotiabank from $115.00 to $95.00 in a research report released on Friday,Benzinga reports. The firm currently has a sector perform rating on the energy producer’s stock.

Other analysts also recently issued reports about the stock. Morgan Stanley cut their price target on shares of ConocoPhillips from $131.00 to $126.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. JPMorgan Chase & Co. lowered their target price on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Piper Sandler reduced their price target on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. The Goldman Sachs Group set a $132.00 price target on shares of ConocoPhillips in a report on Thursday, January 30th. Finally, Wells Fargo & Company dropped their price objective on ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.79.

ConocoPhillips Price Performance

COP opened at $86.36 on Friday. The company has a fifty day moving average price of $96.51 and a two-hundred day moving average price of $102.04. The firm has a market capitalization of $109.17 billion, a PE ratio of 11.09, a P/E/G ratio of 0.79 and a beta of 0.83. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $132.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a dividend of $0.78 per share. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.61%. ConocoPhillips’s dividend payout ratio is currently 40.05%.

Institutional Trading of ConocoPhillips

A number of institutional investors have recently made changes to their positions in COP. Albion Financial Group UT increased its stake in ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock valued at $25,000 after buying an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of ConocoPhillips in the 4th quarter valued at about $26,000. Centricity Wealth Management LLC acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at about $27,000. 10Elms LLP acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at about $28,000. Finally, Crowley Wealth Management Inc. bought a new stake in ConocoPhillips during the fourth quarter worth about $32,000. 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.