Roth Capital reaffirmed their buy rating on shares of ConocoPhillips (NYSE:COP – Get Rating) in a research report sent to investors on Wednesday morning, PriceTargets.com reports.
Other research analysts also recently issued research reports about the stock. Scotiabank downgraded shares of ConocoPhillips from a sector outperform rating to a sector perform rating and dropped their price objective for the stock from $145.00 to $140.00 in a report on Tuesday, January 17th. Truist Financial dropped their price objective on shares of ConocoPhillips from $155.00 to $148.00 in a report on Thursday, January 19th. Wolfe Research downgraded shares of ConocoPhillips from an outperform rating to a peer perform rating in a report on Thursday, January 12th. The Goldman Sachs Group boosted their price objective on shares of ConocoPhillips from $128.00 to $142.00 and gave the stock a buy rating in a report on Friday, November 4th. Finally, Barclays boosted their price objective on shares of ConocoPhillips from $151.00 to $160.00 and gave the stock an overweight rating in a report on Monday, January 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $137.95.
Get ConocoPhillips alerts:ConocoPhillips Stock Performance
Shares of COP opened at $108.11 on Wednesday. The company has a market capitalization of $134.71 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 0.55 and a beta of 1.27. ConocoPhillips has a one year low of $78.30 and a one year high of $138.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.46 and a quick ratio of 1.37. The company's fifty day moving average price is $117.74 and its 200 day moving average price is $113.91.
ConocoPhillips (NYSE:COP – Get Rating) last announced its earnings results on Thursday, February 2nd. The energy producer reported $2.71 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.01). The firm had revenue of $19.26 billion during the quarter, compared to the consensus estimate of $18.16 billion. ConocoPhillips had a return on equity of 35.02% and a net margin of 22.90%. The business's revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.27 EPS. As a group, analysts expect that ConocoPhillips will post 13.53 earnings per share for the current year.ConocoPhillips Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Tuesday, February 14th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, February 13th. ConocoPhillips's dividend payout ratio (DPR) is 14.70%.
Insider Buying and Selling
In related news, Director Timothy A. Leach sold 4,860 shares of the business's stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $112.58, for a total transaction of $547,138.80. Following the completion of the sale, the director now directly owns 661,142 shares of the company's stock, valued at $74,431,366.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other ConocoPhillips news, EVP Nicholas G. Olds sold 10,950 shares of the company's stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $134.90, for a total value of $1,477,155.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy A. Leach sold 4,860 shares of the company's stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $112.58, for a total transaction of $547,138.80. Following the completion of the sale, the director now directly owns 661,142 shares of the company's stock, valued at approximately $74,431,366.36. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.
Institutional Investors Weigh In On ConocoPhillips
Large investors have recently bought and sold shares of the company. Orion Capital Management LLC boosted its holdings in shares of ConocoPhillips by 149.5% in the fourth quarter. Orion Capital Management LLC now owns 227 shares of the energy producer's stock valued at $27,000 after buying an additional 136 shares during the period. Moisand Fitzgerald Tamayo LLC boosted its holdings in shares of ConocoPhillips by 93.4% in the fourth quarter. Moisand Fitzgerald Tamayo LLC now owns 236 shares of the energy producer's stock valued at $28,000 after buying an additional 114 shares during the period. Horan Securities Inc. boosted its holdings in shares of ConocoPhillips by 81.8% in the fourth quarter. Horan Securities Inc. now owns 249 shares of the energy producer's stock valued at $29,000 after buying an additional 112 shares during the period. Delos Wealth Advisors LLC boosted its holdings in shares of ConocoPhillips by 102.0% in the third quarter. Delos Wealth Advisors LLC now owns 297 shares of the energy producer's stock valued at $30,000 after buying an additional 150 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of ConocoPhillips by 82.6% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 252 shares of the energy producer's stock valued at $30,000 after buying an additional 114 shares during the period. Institutional investors own 81.76% of the company's stock.
ConocoPhillips Company Profile
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ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International.
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