ConocoPhillips (NYSE:COP) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of ConocoPhillips (NYSE:COP) have earned an average recommendation of “Moderate Buy” from the twenty-eight ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $134.32.

Several brokerages have commented on COP. Weiss Ratings restated a “hold (c)” rating on shares of ConocoPhillips in a research report on Wednesday, June 3rd. Freedom Capital cut shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Morgan Stanley boosted their target price on shares of ConocoPhillips from $149.00 to $153.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Susquehanna boosted their target price on shares of ConocoPhillips from $149.00 to $152.00 in a research note on Friday, May 1st. Finally, Barclays boosted their target price on shares of ConocoPhillips from $136.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th.

ConocoPhillips Stock Down 2.6%

Shares of COP opened at $107.10 on Thursday. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The company has a market cap of $130.48 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.22 and a beta of 0.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $117.80 and a two-hundred day simple moving average of $111.77.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The business had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. Research analysts forecast that ConocoPhillips will post 10.03 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s payout ratio is presently 57.05%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 113,221 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $132.71, for a total transaction of $15,025,558.91. Following the sale, the chief executive officer owned 350,000 shares of the company’s stock, valued at approximately $46,448,500. The trade was a 24.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Institutional Trading of ConocoPhillips

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Patten Group Inc. boosted its holdings in ConocoPhillips by 1.5% in the 1st quarter. Patten Group Inc. now owns 5,447 shares of the energy producer’s stock worth $719,000 after acquiring an additional 83 shares during the period. IFC Advisors LLC boosted its holdings in ConocoPhillips by 0.4% in the 1st quarter. IFC Advisors LLC now owns 20,182 shares of the energy producer’s stock worth $2,664,000 after acquiring an additional 84 shares during the period. Cornerstone Planning Group LLC boosted its holdings in ConocoPhillips by 9.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,006 shares of the energy producer’s stock worth $124,000 after acquiring an additional 88 shares during the period. Blue Trust Inc. boosted its holdings in ConocoPhillips by 0.4% in the 1st quarter. Blue Trust Inc. now owns 21,144 shares of the energy producer’s stock worth $2,791,000 after acquiring an additional 92 shares during the period. Finally, Sigma Planning Corp boosted its holdings in ConocoPhillips by 0.6% in the 1st quarter. Sigma Planning Corp now owns 16,062 shares of the energy producer’s stock worth $2,120,000 after acquiring an additional 94 shares during the period. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Roth Capital upgraded ConocoPhillips to Buy from Neutral, which can support the stock by signaling improved upside potential and valuation appeal. Roth Capital Upgrades ConocoPhillips (COP) to Buy. Here is Why
• Positive Sentiment: ConocoPhillips was highlighted among top S&P 500 dividend stocks, with an annual dividend yield around 3%, reinforcing its appeal for income-focused investors. 5 Best S&P 500 Stocks to Buy for Dividends
• Neutral Sentiment: Commentary suggested COP could benefit if crude prices remain firm, but the article was largely speculative and did not include a concrete catalyst. Should You Buy ConocoPhillips With Oil Below $75 a Barrel?
• Neutral Sentiment: Several energy-sector pieces focused on upstream pricing and crude-market conditions, which underscore that COP’s near-term direction remains closely tied to oil prices. ConocoPhillips (NYSE:COP) Slips As Crude Oil Pressure Builds
• Negative Sentiment: Recent coverage noted ConocoPhillips slipped as crude oil pressure built, and a broader risk-off tone in energy has likely contributed to the stock’s decline. ConocoPhillips (COP) Registers a Bigger Fall Than the Market: Important Facts to Note

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.