ConocoPhillips (COP) Receives Consensus Rating of “Buy” from Analysts
Shares of ConocoPhillips (NYSE:COP) have earned an average rating of “Buy” from the twenty-four brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $55.47.
Several analysts recently commented on COP shares. Scotiabank reaffirmed a “buy” rating and set a $53.00 price objective on shares of ConocoPhillips in a research note on Friday, September 29th. Royal Bank of Canada reaffirmed a “buy” rating and set a $54.00 price objective on shares of ConocoPhillips in a research note on Friday, September 29th. Zacks Investment Research downgraded ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Barclays reaffirmed an “overweight” rating and set a $55.00 price objective (up previously from $51.00) on shares of ConocoPhillips in a research note on Tuesday, October 10th. Finally, Morgan Stanley raised their price objective on ConocoPhillips from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th.
Shares of ConocoPhillips (COP) traded down $0.80 during trading on Tuesday, reaching $59.25. The company had a trading volume of 2,874,142 shares, compared to its average volume of 5,057,089. The firm has a market cap of $70,930.00, a P/E ratio of -29.77, a PEG ratio of 2.73 and a beta of 1.26. ConocoPhillips has a twelve month low of $42.26 and a twelve month high of $60.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23.
In other news, Director Charles E. Bunch bought 2,000 shares of the stock in a transaction on Monday, December 11th. The stock was purchased at an average price of $52.06 per share, for a total transaction of $104,120.00. Following the acquisition, the director now owns 3,429 shares in the company, valued at $178,513.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.82% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. 440 Investment Group LLC bought a new position in shares of ConocoPhillips in the 4th quarter valued at about $261,000. Hudson Valley Investment Advisors Inc. ADV grew its holdings in shares of ConocoPhillips by 7.9% in the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 44,505 shares of the energy producer’s stock valued at $2,443,000 after acquiring an additional 3,263 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of ConocoPhillips by 6.2% in the 4th quarter. Private Trust Co. NA now owns 15,945 shares of the energy producer’s stock valued at $875,000 after acquiring an additional 935 shares in the last quarter. BLB&B Advisors LLC grew its holdings in shares of ConocoPhillips by 19.7% in the 4th quarter. BLB&B Advisors LLC now owns 20,832 shares of the energy producer’s stock valued at $1,143,000 after acquiring an additional 3,425 shares in the last quarter. Finally, Atria Investments LLC grew its holdings in shares of ConocoPhillips by 11.6% in the 4th quarter. Atria Investments LLC now owns 33,487 shares of the energy producer’s stock valued at $1,838,000 after acquiring an additional 3,473 shares in the last quarter. Institutional investors own 69.73% of the company’s stock.
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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.
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