Capital One Financial Issues Positive Forecast for ConocoPhillips (NYSE:COP) Stock Price

ConocoPhillips (NYSE:COP) had its price objective raised by stock analysts at Capital One Financial from $111.00 to $116.00 in a research report issued on Tuesday,MarketScreener reports. The firm presently has an “equal weight” rating on the energy producer’s stock. Capital One Financial‘s price target indicates a potential upside of 19.32% from the stock’s previous close.

COP has been the subject of a number of other research reports. Sanford C. Bernstein decreased their target price on shares of ConocoPhillips from $116.00 to $98.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of ConocoPhillips in a research note on Monday, December 29th. Roth Capital cut their price objective on ConocoPhillips from $108.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Bank of America reaffirmed an “underperform” rating and set a $102.00 target price on shares of ConocoPhillips in a research report on Friday, January 16th. Finally, BMO Capital Markets dropped their price target on shares of ConocoPhillips from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.04.

ConocoPhillips Stock Up 1.8%

Shares of ConocoPhillips stock traded up $1.70 during midday trading on Tuesday, hitting $97.22. The company’s stock had a trading volume of 1,312,750 shares, compared to its average volume of 9,029,036. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $106.20. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $120.14 billion, a P/E ratio of 13.77, a PEG ratio of 2.73 and a beta of 0.32. The stock has a 50-day simple moving average of $92.95 and a 200-day simple moving average of $92.94.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.20. The firm had revenue of $15.03 billion during the quarter, compared to the consensus estimate of $14.51 billion. ConocoPhillips had a return on equity of 13.64% and a net margin of 14.25%.The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 EPS. As a group, sell-side analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

Insider Buying and Selling at ConocoPhillips

In related news, Director William H. Mcraven acquired 5,768 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were bought at an average price of $86.68 per share, for a total transaction of $499,970.24. Following the acquisition, the director owned 5,768 shares in the company, valued at $499,970.24. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Michael Lance sold 500,708 shares of ConocoPhillips stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $92.50, for a total value of $46,315,490.00. Following the sale, the chief executive officer directly owned 325,972 shares in the company, valued at approximately $30,152,410. This trade represents a 60.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital International Investors increased its stake in ConocoPhillips by 18.2% in the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock valued at $4,318,239,000 after acquiring an additional 7,037,873 shares during the period. Primecap Management Co. CA boosted its holdings in ConocoPhillips by 66.0% during the second quarter. Primecap Management Co. CA now owns 7,883,455 shares of the energy producer’s stock valued at $707,461,000 after purchasing an additional 3,135,315 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of ConocoPhillips by 31.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock valued at $966,267,000 after purchasing an additional 2,575,803 shares during the period. Valeo Financial Advisors LLC raised its holdings in shares of ConocoPhillips by 6,156.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,508,169 shares of the energy producer’s stock worth $135,343,000 after buying an additional 1,484,062 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $135,265,000. 82.36% of the stock is owned by institutional investors.

About ConocoPhillips

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.