ConocoPhillips (NYSE:COP) PT Lowered to $144.00 at Susquehanna

ConocoPhillips (NYSE:COP) had its price objective decreased by Susquehanna from $147.00 to $144.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “positive” rating on the energy producer’s stock. Susquehanna’s price objective would suggest a potential upside of 35.63% from the stock’s previous close.

COP has been the subject of a number of other research reports. UBS Group dropped their price objective on ConocoPhillips from $153.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Wells Fargo & Company cut their price objective on shares of ConocoPhillips from $150.00 to $132.00 and set an “overweight” rating for the company in a research report on Friday, September 27th. Wolfe Research initiated coverage on shares of ConocoPhillips in a research report on Thursday, July 18th. They set an “outperform” rating and a $145.00 target price on the stock. Mizuho cut their price target on ConocoPhillips from $132.00 to $129.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Finally, StockNews.com lowered ConocoPhillips from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and a consensus price target of $136.94.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $106.17 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $109.07 and its 200 day moving average price is $115.06. ConocoPhillips has a 52 week low of $101.29 and a 52 week high of $135.18. The stock has a market cap of $124.17 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 0.88 and a beta of 1.21.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, August 1st. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.02. ConocoPhillips had a return on equity of 20.81% and a net margin of 18.18%. The firm had revenue of $14.14 billion during the quarter, compared to the consensus estimate of $14.96 billion. During the same period in the previous year, the firm posted $1.84 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, research analysts forecast that ConocoPhillips will post 8.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Timothy A. Leach sold 55,500 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total transaction of $6,000,105.00. Following the sale, the director now owns 455,909 shares in the company, valued at $49,288,321.99. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is owned by corporate insiders.

Institutional Trading of ConocoPhillips

Large investors have recently modified their holdings of the business. Harbor Investment Advisory LLC lifted its stake in ConocoPhillips by 2.2% during the first quarter. Harbor Investment Advisory LLC now owns 9,697 shares of the energy producer’s stock worth $1,234,000 after purchasing an additional 212 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of ConocoPhillips by 5.6% in the 1st quarter. First Trust Direct Indexing L.P. now owns 26,083 shares of the energy producer’s stock worth $3,320,000 after buying an additional 1,390 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of ConocoPhillips in the 2nd quarter valued at about $30,021,000. EP Wealth Advisors LLC grew its position in shares of ConocoPhillips by 19.1% during the 1st quarter. EP Wealth Advisors LLC now owns 28,601 shares of the energy producer’s stock valued at $3,640,000 after buying an additional 4,578 shares during the last quarter. Finally, Norden Group LLC raised its stake in ConocoPhillips by 2,634.9% during the first quarter. Norden Group LLC now owns 124,440 shares of the energy producer’s stock worth $15,838,000 after acquiring an additional 119,890 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

About ConocoPhillips

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.