ConocoPhillips (NYSE:COP) Stock Price Expected to Rise, Citigroup Analyst Says

ConocoPhillips (NYSE:COP) had its price objective raised by equities research analysts at Citigroup from $125.00 to $135.00 in a report released on Monday,MarketScreener reports. The brokerage presently has a “buy” rating on the energy producer’s stock. Citigroup’s target price suggests a potential upside of 15.19% from the company’s current price.

Several other brokerages also recently issued reports on COP. The Goldman Sachs Group raised their target price on shares of ConocoPhillips from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Capital One Financial raised their price objective on ConocoPhillips from $111.00 to $116.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. Johnson Rice lowered ConocoPhillips from an “accumulate” rating to a “hold” rating and decreased their target price for the stock from $108.00 to $105.00 in a report on Friday, December 5th. Sanford C. Bernstein dropped their price objective on shares of ConocoPhillips from $116.00 to $98.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, Wall Street Zen downgraded ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.33.

ConocoPhillips Trading Up 3.3%

NYSE COP opened at $117.20 on Monday. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $119.30. The company has a current ratio of 1.30, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $101.70 and a 200-day moving average of $95.38. The company has a market cap of $144.83 billion, a PE ratio of 18.38, a PEG ratio of 2.88 and a beta of 0.27.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.21). The firm had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.35 billion. ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The business’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company posted $1.98 earnings per share. On average, equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 500,708 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the completion of the transaction, the chief executive officer owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. The trade was a 60.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Howard Hughes Medical Institute bought a new position in ConocoPhillips in the second quarter valued at about $25,000. Cloud Capital Management LLC acquired a new position in ConocoPhillips in the 3rd quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of ConocoPhillips during the third quarter worth $28,000. Board of the Pension Protection Fund bought a new stake in shares of ConocoPhillips in the fourth quarter worth $28,000. Finally, Strive Asset Management LLC acquired a new stake in ConocoPhillips in the third quarter valued at $28,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Company Profile

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.