ConocoPhillips (NYSE:COP) Hits New 12-Month High at $128.64

ConocoPhillips (NYSE:COP)’s stock price hit a new 52-week high on Thursday . The company traded as high as $128.64 and last traded at $127.28, with a volume of 283769 shares. The stock had previously closed at $126.84.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COP. Johnson Rice lowered ConocoPhillips from an “accumulate” rating to a “hold” rating in a report on Thursday, December 14th. Susquehanna decreased their price target on shares of ConocoPhillips from $152.00 to $133.00 and set a “positive” rating on the stock in a report on Friday, January 26th. Mizuho reaffirmed a “neutral” rating and set a $139.00 price objective (up from $132.00) on shares of ConocoPhillips in a report on Friday, March 22nd. Raymond James cut their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Finally, UBS Group lifted their target price on shares of ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $135.12.

ConocoPhillips Stock Up 0.4 %

The company’s fifty day moving average is $113.49 and its 200-day moving average is $116.01. The company has a market cap of $149.86 billion, a PE ratio of 14.05, a PEG ratio of 2.87 and a beta of 1.23. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.32. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. The business had revenue of $15.31 billion during the quarter, compared to analysts’ expectations of $14.47 billion. During the same quarter in the prior year, the business posted $2.71 earnings per share. On average, analysts predict that ConocoPhillips will post 8.79 EPS for the current year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were paid a $0.78 dividend. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date was Thursday, February 15th. ConocoPhillips’s dividend payout ratio (DPR) is presently 25.61%.

Insider Activity

In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dominic E. Macklon sold 23,372 shares of ConocoPhillips stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $112.17, for a total transaction of $2,621,637.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 700,775 shares of company stock worth $87,615,169. 0.37% of the stock is currently owned by corporate insiders.

Institutional Trading of ConocoPhillips

Large investors have recently made changes to their positions in the business. Norris Perne & French LLP MI grew its stake in ConocoPhillips by 1.9% in the 3rd quarter. Norris Perne & French LLP MI now owns 4,364 shares of the energy producer’s stock valued at $523,000 after acquiring an additional 80 shares during the period. Sloy Dahl & Holst LLC lifted its position in shares of ConocoPhillips by 3.3% during the third quarter. Sloy Dahl & Holst LLC now owns 2,629 shares of the energy producer’s stock worth $315,000 after purchasing an additional 85 shares in the last quarter. Mascoma Wealth Management LLC raised its position in ConocoPhillips by 35.9% in the 3rd quarter. Mascoma Wealth Management LLC now owns 333 shares of the energy producer’s stock valued at $40,000 after purchasing an additional 88 shares in the last quarter. CRA Financial Services LLC lifted its stake in ConocoPhillips by 1.9% in the third quarter. CRA Financial Services LLC now owns 4,702 shares of the energy producer’s stock worth $563,000 after acquiring an additional 89 shares during the last quarter. Finally, KLCM Advisors Inc. grew its stake in shares of ConocoPhillips by 2.8% during the third quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer’s stock worth $396,000 after purchasing an additional 89 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.