Shares of ConocoPhillips (NYSE:COP) have received a consensus rating of “Buy” from the twenty-five research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, fifteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $59.06.

A number of research analysts have recently commented on COP shares. Royal Bank of Canada upped their target price on ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Morgan Stanley upped their target price on ConocoPhillips from $48.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Cowen set a $70.00 target price on ConocoPhillips and gave the company a “buy” rating in a research note on Thursday, January 18th. Credit Suisse Group started coverage on ConocoPhillips in a research note on Monday, December 11th. They set a “neutral” rating and a $50.00 target price on the stock. Finally, Howard Weil cut ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 target price on the stock. in a research note on Friday, December 22nd.

ConocoPhillips (NYSE COP) traded down $0.94 on Friday, hitting $52.02. The stock had a trading volume of 9,690,000 shares, compared to its average volume of 5,900,000. The company has a market capitalization of $60,770.00, a PE ratio of -80.03, a price-to-earnings-growth ratio of 1.74 and a beta of 1.32. ConocoPhillips has a 1 year low of $42.26 and a 1 year high of $61.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, February 1st. The energy producer reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $8.74 billion for the quarter, compared to analysts’ expectations of $7.70 billion. ConocoPhillips had a positive return on equity of 2.78% and a negative net margin of 2.04%. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. sell-side analysts expect that ConocoPhillips will post 2.79 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be issued a $0.285 dividend. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, February 9th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.19%. ConocoPhillips’s payout ratio is presently -163.08%.

ConocoPhillips announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 8th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the energy producer to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

In other news, Director Charles E. Bunch purchased 2,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average price of $52.06 per share, for a total transaction of $104,120.00. Following the completion of the acquisition, the director now owns 3,429 shares of the company’s stock, valued at $178,513.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.82% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WFG Advisors LP lifted its holdings in ConocoPhillips by 0.4% during the second quarter. WFG Advisors LP now owns 9,611 shares of the energy producer’s stock worth $423,000 after buying an additional 39 shares during the period. Genesee Valley Trust Co. lifted its holdings in ConocoPhillips by 0.6% during the second quarter. Genesee Valley Trust Co. now owns 7,095 shares of the energy producer’s stock worth $312,000 after buying an additional 45 shares during the period. Girard Partners LTD. lifted its holdings in ConocoPhillips by 0.6% during the second quarter. Girard Partners LTD. now owns 8,434 shares of the energy producer’s stock worth $371,000 after buying an additional 49 shares during the period. First City Capital Management Inc. lifted its holdings in ConocoPhillips by 1.4% during the second quarter. First City Capital Management Inc. now owns 5,459 shares of the energy producer’s stock worth $240,000 after buying an additional 75 shares during the period. Finally, Whalerock Point Partners LLC lifted its holdings in ConocoPhillips by 1.2% during the second quarter. Whalerock Point Partners LLC now owns 8,300 shares of the energy producer’s stock worth $365,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 69.66% of the company’s stock.

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ConocoPhillips Company Profile

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

Analyst Recommendations for ConocoPhillips (NYSE:COP)

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