ConocoPhillips (NYSE:COP) PT Lowered to $147.00 at Truist Financial

ConocoPhillips (NYSE:COP) had its price target lowered by Truist Financial from $165.00 to $147.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the energy producer’s stock.

Several other research analysts have also recently weighed in on COP. Sanford C. Bernstein decreased their target price on ConocoPhillips from $147.00 to $132.00 and set an outperform rating for the company in a research note on Wednesday, July 17th. Argus raised ConocoPhillips to a strong-buy rating in a research note on Friday, June 7th. Wolfe Research initiated coverage on ConocoPhillips in a research note on Thursday, July 18th. They set an outperform rating and a $145.00 target price for the company. Morgan Stanley raised their target price on ConocoPhillips from $123.00 to $129.00 and gave the company an overweight rating in a research note on Thursday, March 28th. Finally, Wells Fargo & Company raised their target price on ConocoPhillips from $149.00 to $151.00 and gave the company an overweight rating in a research note on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $143.24.

ConocoPhillips Trading Up 0.2 %

NYSE:COP opened at $111.10 on Monday. ConocoPhillips has a 1 year low of $105.77 and a 1 year high of $135.18. The stock has a market cap of $129.93 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 2.02 and a beta of 1.23. The business has a fifty day moving average of $114.15 and a 200-day moving average of $117.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.04. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The company had revenue of $14.48 billion during the quarter, compared to analysts’ expectations of $14.72 billion. Equities analysts predict that ConocoPhillips will post 8.81 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s dividend payout ratio is currently 26.27%.

Institutional Investors Weigh In On ConocoPhillips

Several hedge funds have recently bought and sold shares of the business. Valued Wealth Advisors LLC lifted its stake in ConocoPhillips by 45.8% in the 1st quarter. Valued Wealth Advisors LLC now owns 261 shares of the energy producer’s stock worth $33,000 after acquiring an additional 82 shares in the last quarter. Astoria Portfolio Advisors LLC. raised its stake in shares of ConocoPhillips by 4.0% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 2,232 shares of the energy producer’s stock worth $291,000 after purchasing an additional 85 shares in the last quarter. Manchester Capital Management LLC raised its stake in shares of ConocoPhillips by 22.1% during the 1st quarter. Manchester Capital Management LLC now owns 475 shares of the energy producer’s stock worth $60,000 after purchasing an additional 86 shares in the last quarter. Adirondack Trust Co. raised its stake in shares of ConocoPhillips by 3.1% during the 4th quarter. Adirondack Trust Co. now owns 2,990 shares of the energy producer’s stock worth $336,000 after purchasing an additional 90 shares in the last quarter. Finally, Mayfair Advisory Group LLC raised its stake in shares of ConocoPhillips by 3.5% during the 1st quarter. Mayfair Advisory Group LLC now owns 2,627 shares of the energy producer’s stock worth $334,000 after purchasing an additional 90 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.