COP has been the subject of several other reports. Zacks Investment Research raised ConocoPhillips from a hold rating to a buy rating and set a $49.00 price objective for the company in a research report on Wednesday, July 13th. Deutsche Bank AG reissued a buy rating on shares of ConocoPhillips in a research report on Sunday, July 31st. Jefferies Group raised ConocoPhillips from an underperform rating to a hold rating and increased their price target for the company from $30.00 to $40.00 in a research report on Wednesday, September 7th. They noted that the move was a valuation call. Simmons reissued a neutral rating on shares of ConocoPhillips in a research report on Thursday, August 11th. Finally, JPMorgan Chase & Co. raised ConocoPhillips from an underweight rating to a neutral rating and set a $44.00 price target for the company in a research report on Monday, July 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $49.10.
Shares of ConocoPhillips (NYSE:COP) traded down 0.71% on Monday, reaching $43.12. The company’s stock had a trading volume of 782,005 shares. The company’s 50 day moving average is $41.69 and its 200-day moving average is $42.70. The firm’s market cap is $53.40 billion. ConocoPhillips has a 1-year low of $31.05 and a 1-year high of $57.24.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, July 28th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.61) by $0.18. The firm had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.38 billion. ConocoPhillips had a negative return on equity of 9.26% and a negative net margin of 28.40%. The firm’s quarterly revenue was down 35.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 earnings per share. Equities research analysts expect that ConocoPhillips will post ($2.47) EPS for the current year.
In related news, Director Arjun N. Murti acquired 6,500 shares of the stock in a transaction on Monday, August 1st. The shares were purchased at an average price of $39.72 per share, for a total transaction of $258,180.00. Following the purchase, the director now directly owns 19,000 shares in the company, valued at $754,680. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Ellen Desanctis bought 5,000 shares of ConocoPhillips stock in a transaction on Thursday, August 11th. The stock was acquired at an average cost of $40.50 per share, for a total transaction of $202,500.00. Following the acquisition, the vice president now owns 22,010 shares in the company, valued at approximately $891,405. The disclosure for this purchase can be found here. Company insiders own 0.07% of the company’s stock.
Several large investors have recently modified their holdings of COP. MCF Advisors LLC increased its stake in shares of ConocoPhillips by 0.3% in the first quarter. MCF Advisors LLC now owns 3,865 shares of the company’s stock worth $156,000 after buying an additional 12 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of ConocoPhillips by 0.3% in the second quarter. Sequoia Financial Advisors LLC now owns 13,780 shares of the company’s stock worth $601,000 after buying an additional 43 shares in the last quarter. NEXT Financial Group Inc increased its stake in shares of ConocoPhillips by 0.3% in the second quarter. NEXT Financial Group Inc now owns 17,453 shares of the company’s stock worth $760,000 after buying an additional 53 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of ConocoPhillips by 1.0% in the second quarter. GSA Capital Partners LLP now owns 6,526 shares of the company’s stock worth $285,000 after buying an additional 62 shares in the last quarter. Finally, Philadelphia Trust Co. increased its stake in shares of ConocoPhillips by 1.0% in the second quarter. Philadelphia Trust Co. now owns 7,765 shares of the company’s stock worth $339,000 after buying an additional 75 shares in the last quarter. 63.70% of the stock is currently owned by hedge funds and other institutional investors.
ConocoPhillips Company Profile
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.
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