ConocoPhillips (COP) Upgraded by Vetr Inc. to “Strong-Buy”
COP has been the subject of a number of other reports. Edward Jones raised shares of ConocoPhillips from a hold rating to a buy rating in a report on Monday, November 7th. Zacks Investment Research cut shares of ConocoPhillips from a hold rating to a sell rating in a report on Monday, October 24th. Goldman Sachs Group Inc. raised shares of ConocoPhillips from a neutral rating to a buy rating and upped their target price for the company from $47.00 to $54.00 in a report on Monday. Barclays PLC reiterated a buy rating and issued a $60.00 price target on shares of ConocoPhillips in a research report on Tuesday, November 8th. Finally, Citigroup Inc. reiterated a buy rating on shares of ConocoPhillips in a research report on Sunday, November 13th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Hold and an average price target of $51.73.
Shares of ConocoPhillips (NYSE:COP) opened at 45.50 on Monday. The stock’s market cap is $56.38 billion. The stock’s 50 day moving average is $43.65 and its 200 day moving average is $42.81. ConocoPhillips has a 52-week low of $31.05 and a 52-week high of $54.75.
ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, October 27th. The company reported ($0.66) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.03. ConocoPhillips had a negative net margin of 29.45% and a negative return on equity of 10.68%. During the same quarter in the previous year, the company earned ($0.38) earnings per share. Equities research analysts forecast that ConocoPhillips will post ($2.83) earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, October 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.16%. The ex-dividend date is Thursday, October 13th. ConocoPhillips’s dividend payout ratio is presently -17.67%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pinkerton Retirement Specialists LLC increased its position in ConocoPhillips by 5,507.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,411 shares of the company’s stock valued at $105,000 after buying an additional 2,368 shares in the last quarter. Smith Asset Management Group LP boosted its position in shares of ConocoPhillips by 6.0% in the third quarter. Smith Asset Management Group LP now owns 2,470 shares of the company’s stock valued at $107,000 after buying an additional 140 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of ConocoPhillips by 100.0% in the second quarter. Quadrant Capital Group LLC now owns 2,742 shares of the company’s stock valued at $109,000 after buying an additional 1,371 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in shares of ConocoPhillips by 2.0% in the third quarter. Integrated Investment Consultants LLC now owns 2,594 shares of the company’s stock valued at $109,000 after buying an additional 51 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of ConocoPhillips by 16.9% in the second quarter. Signaturefd LLC now owns 2,648 shares of the company’s stock valued at $115,000 after buying an additional 383 shares during the last quarter. 63.51% of the stock is currently owned by institutional investors.
ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). The Company operates through six operating segments, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.
To view Vetr’s full report, visit Vetr’s official website.
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