ConocoPhillips (NYSE:COP) Rating Reiterated by Raymond James

ConocoPhillips (NYSE:COPGet Free Report)‘s stock had its “strong-buy” rating reissued by Raymond James in a research note issued on Thursday, Benzinga reports. They presently have a $159.00 price objective on the energy producer’s stock, up from their prior price objective of $155.00. Raymond James’ target price indicates a potential upside of 39.82% from the company’s previous close.

A number of other research firms have also issued reports on COP. Royal Bank of Canada lifted 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. Barclays started coverage on ConocoPhillips in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price target on the stock. Susquehanna lifted their target price on ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Mizuho lifted their target price on ConocoPhillips from $139.00 to $142.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Wells Fargo & Company boosted their price target on ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Four investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and an average target price of $144.53.

Get Our Latest Stock Report on ConocoPhillips

ConocoPhillips Trading Down 1.3 %

Shares of COP traded down $1.53 during midday trading on Thursday, hitting $113.72. 3,496,624 shares of the stock were exchanged, compared to its average volume of 5,314,247. ConocoPhillips has a 52-week low of $98.38 and a 52-week high of $135.18. The stock has a fifty day simple moving average of $125.67 and a 200 day simple moving average of $117.80. The firm has a market cap of $133.00 billion, a P/E ratio of 12.89, a P/E/G ratio of 2.61 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35.

ConocoPhillips (NYSE:COPGet Free Report) last released 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 return on equity of 20.85% and a net margin of 18.40%. The business had revenue of $14.48 billion during the quarter, compared to analyst estimates of $14.72 billion. On average, research analysts anticipate that ConocoPhillips will post 9.12 EPS for the current fiscal year.

Insider Transactions at ConocoPhillips

In other news, CEO Ryan Michael Lance sold 607,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 6,780 shares in the company, valued at approximately $853,669.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Nicholas G. Olds sold 12,150 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the sale, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Michael Lance sold 607,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 6,780 shares of the company’s stock, valued at $853,669.80. The disclosure for this sale can be found here. Insiders sold a total of 664,350 shares of company stock worth $83,537,680 in the last ninety days. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On ConocoPhillips

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC purchased a new position in ConocoPhillips in the 1st quarter valued at about $49,000. Soltis Investment Advisors LLC boosted its position in ConocoPhillips by 8.5% in the 1st 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 last quarter. Boston Partners boosted its position in ConocoPhillips by 10.3% in the 1st 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 last quarter. Cetera Advisors LLC boosted its position in ConocoPhillips by 50.5% in the 1st quarter. Cetera Advisors LLC now owns 68,844 shares of the energy producer’s stock valued at $8,763,000 after buying an additional 23,115 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in ConocoPhillips by 318.1% in the 1st quarter. Cetera Investment Advisers now owns 287,127 shares of the energy producer’s stock valued at $36,546,000 after buying an additional 218,453 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

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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