ConocoPhillips (NYSE:COP) Given New $114.00 Price Target at Susquehanna

ConocoPhillips (NYSE:COP) had its price objective trimmed by Susquehanna from $120.00 to $114.00 in a report published on Monday,Benzinga reports. The brokerage currently has a positive rating on the energy producer’s stock.

Several other brokerages also recently weighed in on COP. Barclays reduced their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Bank of America cut shares of ConocoPhillips from a “buy” rating to a “neutral” rating and reduced their target price for the company from $138.00 to $107.00 in a report on Tuesday, April 29th. Raymond James cut ConocoPhillips from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $157.00 to $124.00 in a research report on Monday, February 10th. Royal Bank of Canada dropped their target price on shares of ConocoPhillips from $133.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Finally, UBS Group cut their price objective on shares of ConocoPhillips from $116.00 to $111.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $122.74.

ConocoPhillips Trading Down 1.5%

Shares of COP opened at $92.72 on Monday. The firm’s 50-day moving average price is $93.29 and its 200-day moving average price is $99.20. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $117.21 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.79 and a beta of 0.64. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $122.11.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. The company had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. During the same period last year, the business earned $2.05 EPS. Sell-side analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $0.78 per share. The ex-dividend date is Monday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 3.36%. ConocoPhillips’s dividend payout ratio (DPR) is presently 39.64%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in COP. Albion Financial Group UT grew its holdings in ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock worth $25,000 after acquiring an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in shares of ConocoPhillips during the 4th quarter valued at $26,000. Centricity Wealth Management LLC acquired a new stake in ConocoPhillips in the fourth quarter worth about $27,000. 10Elms LLP purchased a new stake in ConocoPhillips during the 4th quarter worth approximately $28,000. Finally, Financial Network Wealth Advisors LLC grew its holdings in shares of ConocoPhillips by 341.5% during the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock valued at $30,000 after buying an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

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.