ConocoPhillips (NYSE:COP) has been assigned an average rating of “Buy” from the twenty-four ratings firms that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $72.16.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Thursday, August 23rd. Mizuho assumed coverage on shares of ConocoPhillips in a report on Friday, June 8th. They issued a “neutral” rating and a $73.00 price objective for the company. Barclays increased their price objective on shares of ConocoPhillips from $78.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, July 11th. JPMorgan Chase & Co. increased their price objective on shares of ConocoPhillips from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Finally, Morgan Stanley increased their price objective on shares of ConocoPhillips from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, August 16th.

In related news, VP Glenda Mae Schwarz sold 18,882 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $71.15, for a total value of $1,343,454.30. Following the completion of the transaction, the vice president now owns 29,064 shares of the company’s stock, valued at approximately $2,067,903.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Don E. Jr. Wallette sold 59,432 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $71.87, for a total transaction of $4,271,377.84. Following the completion of the transaction, the insider now directly owns 83,047 shares of the company’s stock, valued at approximately $5,968,587.89. The disclosure for this sale can be found here. Insiders have sold 288,378 shares of company stock valued at $20,769,145 over the last 90 days. 0.88% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of COP. Frontier Investment Mgmt Co. lifted its position in ConocoPhillips by 17.2% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 6,006 shares of the energy producer’s stock worth $418,000 after buying an additional 882 shares in the last quarter. IFM Investors Pty Ltd lifted its position in ConocoPhillips by 43.0% in the 2nd quarter. IFM Investors Pty Ltd now owns 53,405 shares of the energy producer’s stock worth $3,718,000 after buying an additional 16,060 shares in the last quarter. Synovus Financial Corp lifted its position in ConocoPhillips by 7.5% in the 2nd quarter. Synovus Financial Corp now owns 50,552 shares of the energy producer’s stock worth $3,511,000 after buying an additional 3,517 shares in the last quarter. Impax Asset Management LLC lifted its position in ConocoPhillips by 0.5% in the 2nd quarter. Impax Asset Management LLC now owns 241,107 shares of the energy producer’s stock worth $16,786,000 after buying an additional 1,108 shares in the last quarter. Finally, Richard Bernstein Advisors LLC lifted its position in ConocoPhillips by 3.8% in the 2nd quarter. Richard Bernstein Advisors LLC now owns 100,106 shares of the energy producer’s stock worth $6,969,000 after buying an additional 3,681 shares in the last quarter. 71.24% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips stock opened at $78.11 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.75 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $89.55 billion, a PE ratio of 130.18, a P/E/G ratio of 1.94 and a beta of 1.24. ConocoPhillips has a 12-month low of $48.70 and a 12-month high of $78.61.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, July 26th. The energy producer reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.01. The business had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.79 billion. ConocoPhillips had a net margin of 13.26% and a return on equity of 10.26%. During the same period last year, the firm posted $0.14 earnings per share. sell-side analysts anticipate that ConocoPhillips will post 4.41 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Monday, July 23rd were issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, July 20th. ConocoPhillips’s payout ratio is 190.00%.

ConocoPhillips announced that its Board of Directors has authorized a share buyback program on Thursday, July 12th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the energy producer to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

About ConocoPhillips

ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East; Other International; and Corporate and Other.

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Analyst Recommendations for ConocoPhillips (NYSE:COP)

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