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

ConocoPhillips (NYSE:COP) had its target price upped by stock analysts at Barclays from $118.00 to $128.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the energy producer’s stock. Barclays‘s price objective would indicate a potential upside of 5.26% from the company’s current price.

A number of other research firms have also recently weighed in on COP. The Goldman Sachs Group raised their price objective on shares of ConocoPhillips from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Sanford C. Bernstein dropped their target price 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. Susquehanna lifted their price target on shares of ConocoPhillips from $115.00 to $121.00 and gave the stock a “positive” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. boosted their price target on shares of ConocoPhillips from $98.00 to $103.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Finally, Wolfe Research upped their price objective on shares of ConocoPhillips from $122.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.75.

ConocoPhillips Stock Down 0.2%

NYSE COP traded down $0.29 during trading on Monday, reaching $121.60. 2,327,294 shares of the company’s stock were exchanged, compared to its average volume of 9,382,596. The company has a 50 day moving average price of $106.62 and a two-hundred day moving average price of $96.93. The stock has a market cap of $150.27 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 2.89 and a beta of 0.27. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $122.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.14 and a current ratio of 1.30.

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

Insider Activity at ConocoPhillips

In other ConocoPhillips news, SVP Kelly Brunetti Rose sold 8,500 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $118.04, for a total value of $1,003,340.00. Following the completion of the transaction, the senior vice president directly owned 32,984 shares in the company, valued at approximately $3,893,431.36. The trade was a 20.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy A. Leach sold 40,000 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $118.79, for a total value of $4,751,600.00. Following the transaction, the director directly owned 411,211 shares in the company, valued at approximately $48,847,754.69. This represents a 8.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 549,208 shares of company stock valued at $52,070,430. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On ConocoPhillips

A number of hedge funds and other institutional investors have recently made changes to their positions in COP. Howard Hughes Medical Institute purchased a new stake in ConocoPhillips in the 2nd quarter valued at about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of ConocoPhillips during the 4th quarter worth about $25,000. Cloud Capital Management LLC acquired a new stake in shares of ConocoPhillips in the third quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of ConocoPhillips in the third quarter worth approximately $28,000. Finally, Board of the Pension Protection Fund purchased a new stake in ConocoPhillips in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

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.