ConocoPhillips (NYSE:COP) – Research analysts at Jefferies Group dropped their Q3 2017 EPS estimates for ConocoPhillips in a research report issued on Thursday. Jefferies Group analyst J. Gammel now forecasts that the energy producer will post earnings per share of $0.11 for the quarter, down from their prior forecast of $0.16. Jefferies Group currently has a “Buy” rating and a $54.00 target price on the stock. Jefferies Group also issued estimates for ConocoPhillips’ FY2017 earnings at $0.44 EPS.

Other analysts also recently issued research reports about the company. Wolfe Research downgraded ConocoPhillips from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Scotiabank set a $54.00 price objective on ConocoPhillips and gave the company a “buy” rating in a report on Saturday, July 1st. ValuEngine raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Monday, July 24th. BidaskClub cut ConocoPhillips from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. Finally, Citigroup Inc. decreased their price objective on ConocoPhillips from $65.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $54.20.

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ConocoPhillips (NYSE:COP) opened at 50.25 on Monday. The firm’s market cap is $61.15 billion. The firm’s 50-day moving average price is $48.15 and its 200 day moving average price is $46.16. ConocoPhillips has a 52 week low of $40.96 and a 52 week high of $53.17.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.16. The firm had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $6.74 billion. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. During the same quarter in the previous year, the firm earned ($0.79) earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 16th will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.06 annualized dividend and a dividend yield of 2.11%. ConocoPhillips’s dividend payout ratio (DPR) is presently -34.98%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Patten & Patten Inc. TN increased its stake in shares of ConocoPhillips by 4.6% during the second quarter. Patten & Patten Inc. TN now owns 59,322 shares of the energy producer’s stock valued at $2,608,000 after buying an additional 2,607 shares during the period. Shell Asset Management Co. increased its stake in shares of ConocoPhillips by 2.4% during the second quarter. Shell Asset Management Co. now owns 202,066 shares of the energy producer’s stock valued at $8,883,000 after buying an additional 4,647 shares during the period. First Foundation Advisors purchased a new position in shares of ConocoPhillips during the first quarter valued at approximately $497,000. FMR LLC increased its stake in shares of ConocoPhillips by 6.9% during the first quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock valued at $3,066,900,000 after buying an additional 3,982,002 shares during the period. Finally, Citizens Financial Group Inc. RI increased its stake in shares of ConocoPhillips by 12.5% during the first quarter. Citizens Financial Group Inc. RI now owns 210,916 shares of the energy producer’s stock valued at $10,518,000 after buying an additional 23,434 shares during the period. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Company Profile

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

Earnings History and Estimates for ConocoPhillips (NYSE:COP)

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