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Jefferies Group assumed coverage on shares of ConocoPhillips (NYSE:COP) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $89.00 price target on the stock. Jefferies Group’s target price indicates a potential upside of 7.41% from the stock’s previous close.

In other ConocoPhillips news, SVP Janet Langford Kelly sold 31,924 shares of ConocoPhillips stock on the open market in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $80.82, for a total value of $2,580,097.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Other equities research analysts have also recently issued reports about the stock. Analysts at Howard Weil upgraded shares of ConocoPhillips from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. They now have a $90.00 price target on the stock, up previously from $75.00. Separately, analysts at Oppenheimer initiated coverage on shares of ConocoPhillips in a research note on Tuesday. They set a “buy” rating and a $94.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of ConocoPhillips in a research note on Tuesday. They set a “buy” rating and a $94.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $86.24.

ConocoPhillips (NYSE:COP) traded down 0.39% on Friday, hitting $82.54. 2,200,570 shares of the company’s stock traded hands. ConocoPhillips has a 52-week low of $58.71 and a 52-week high of $83.24. The stock’s 50-day moving average is $78.17 and its 200-day moving average is $71.08. The company has a market cap of $101.3 billion and a price-to-earnings ratio of 11.27. ConocoPhillips also saw some unusual options trading on Thursday. Investors purchased 10,849 put options on the company. This is an increase of approximately 231% compared to the typical daily volume of 3,275 put options.

ConocoPhillips (NYSE:COP) last released its earnings data on Thursday, May 1st. The company reported $1.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.56 by $0.25. During the same quarter last year, the company posted $1.42 earnings per share. Analysts expect that ConocoPhillips will post $6.38 EPS for the current fiscal year.

ConocoPhillips explores for, produces, transports and markets crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis.

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