A number of other research analysts have also commented on COP. BidaskClub lowered shares of ConocoPhillips from a hold rating to a sell rating in a research note on Thursday, August 17th. Scotiabank set a $54.00 price target on shares of ConocoPhillips and gave the stock a buy rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded shares of ConocoPhillips from a sell rating to a hold rating in a research report on Tuesday, August 1st. Piper Jaffray Companies set a $45.00 price target on shares of ConocoPhillips and gave the stock a buy rating in a research report on Friday, August 25th. Finally, Jefferies Group LLC set a $59.00 price target on shares of ConocoPhillips and gave the stock a buy rating in a research report on Sunday, July 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and a consensus target price of $54.19.
Shares of ConocoPhillips (NYSE:COP) traded up 1.48% during midday trading on Friday, hitting $46.51. The stock had a trading volume of 11,895,013 shares. The firm has a 50 day moving average of $44.48 and a 200-day moving average of $45.66. The company’s market cap is $56.60 billion. ConocoPhillips has a one year low of $39.00 and a one year high of $53.17.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. The business had revenue of $8.88 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same quarter last year, the business earned ($0.79) earnings per share. On average, analysts forecast that ConocoPhillips will post $0.26 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date was Thursday, July 20th. ConocoPhillips’s dividend payout ratio (DPR) is currently -34.98%.
Several large investors have recently modified their holdings of the business. Intl Fcstone Inc. acquired a new stake in shares of ConocoPhillips during the 2nd quarter valued at $721,000. Gs Investments Inc. acquired a new stake in shares of ConocoPhillips during the 2nd quarter valued at $1,029,000. Lord Abbett & CO. LLC boosted its stake in shares of ConocoPhillips by 66.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 2,671,428 shares of the energy producer’s stock valued at $117,436,000 after buying an additional 1,067,428 shares during the period. Kimelman & Baird LLC boosted its stake in shares of ConocoPhillips by 842.9% during the 2nd quarter. Kimelman & Baird LLC now owns 108,900 shares of the energy producer’s stock valued at $4,787,000 after buying an additional 97,350 shares during the period. Finally, Sentry Investment Management LLC boosted its stake in shares of ConocoPhillips by 1.0% during the 2nd quarter. Sentry Investment Management LLC now owns 99,210 shares of the energy producer’s stock valued at $4,361,000 after buying an additional 976 shares during the period. 68.99% of the stock is owned by institutional investors.
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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