Warburg Research reiterated their neutral rating on shares of ConocoPhillips (NYSE:COP) in a report published on Friday, Stock Target Advisor reports. Warburg Research currently has a $61.00 price target on the energy producer’s stock.
Other equities research analysts have also recently issued research reports about the stock. Barclays initiated coverage on shares of ConocoPhillips in a research note on Monday, August 19th. They issued an overweight rating and a $79.00 target price for the company. Wells Fargo & Co reiterated a buy rating on shares of ConocoPhillips in a research note on Tuesday, October 15th. Deutsche Bank reiterated a buy rating and issued a $68.00 target price on shares of ConocoPhillips in a research note on Tuesday, November 5th. Goldman Sachs Group set a $67.00 target price on shares of ConocoPhillips and gave the company a buy rating in a research note on Friday, October 11th. Finally, HSBC reiterated a neutral rating and issued a $59.00 target price on shares of ConocoPhillips in a research note on Tuesday, November 5th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $69.81.
Shares of NYSE:COP traded down $0.38 during midday trading on Friday, hitting $59.16. The company’s stock had a trading volume of 4,699,111 shares, compared to its average volume of 5,979,278. The stock has a market capitalization of $64.20 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 1.70 and a beta of 1.05. The stock’s 50 day simple moving average is $56.52 and its 200 day simple moving average is $58.08. ConocoPhillips has a fifty-two week low of $50.13 and a fifty-two week high of $71.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.40 and a current ratio of 2.56.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Tuesday, October 29th. The energy producer reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The company had revenue of $10.09 billion for the quarter, compared to the consensus estimate of $7.06 billion. ConocoPhillips had a return on equity of 13.54% and a net margin of 21.44%. During the same period last year, the business posted $1.36 earnings per share. As a group, analysts anticipate that ConocoPhillips will post 3.62 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, October 17th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.84%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.31. ConocoPhillips’s payout ratio is 37.09%.
Several large investors have recently bought and sold shares of COP. Rothschild & Co Wealth Management UK Ltd bought a new position in shares of ConocoPhillips in the second quarter valued at approximately $27,000. Valley National Advisers Inc. raised its stake in shares of ConocoPhillips by 64.9% in the second quarter. Valley National Advisers Inc. now owns 503 shares of the energy producer’s stock valued at $31,000 after acquiring an additional 198 shares during the last quarter. Towerpoint Wealth LLC bought a new position in shares of ConocoPhillips in the second quarter valued at approximately $32,000. Manchester Financial Inc. bought a new position in shares of ConocoPhillips in the second quarter valued at approximately $34,000. Finally, AllSquare Wealth Management LLC raised its stake in shares of ConocoPhillips by 1,018.0% in the second quarter. AllSquare Wealth Management LLC now owns 559 shares of the energy producer’s stock valued at $34,000 after acquiring an additional 509 shares during the last quarter. Institutional investors own 71.45% of the company’s stock.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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