Susquehanna Increases ConocoPhillips (NYSE:COP) Price Target to $154.00

ConocoPhillips (NYSE:COP) had its price objective raised by Susquehanna from $133.00 to $154.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a positive rating on the energy producer’s stock.

COP has been the topic of several other research reports. UBS Group upped their price target on shares of ConocoPhillips from $138.00 to $143.00 and gave the stock a buy rating in a report on Wednesday, February 14th. Scotiabank upped their target price on shares of ConocoPhillips from $120.00 to $135.00 and gave the stock a sector perform rating in a research report on Thursday, April 11th. Mizuho reiterated a neutral rating and issued a $139.00 target price (up from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Morgan Stanley upped their target price on shares of ConocoPhillips from $123.00 to $129.00 and gave the stock an overweight rating in a research report on Thursday, March 28th. Finally, Raymond James cut their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a strong-buy rating for the company in a research report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $143.24.

ConocoPhillips Trading Up 0.6 %

Shares of COP stock opened at $130.07 on Monday. The company’s fifty day simple moving average is $122.10 and its two-hundred day simple moving average is $117.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.29. ConocoPhillips has a 1 year low of $95.70 and a 1 year high of $135.18. The stock has a market capitalization of $153.02 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.71 and a beta of 1.24.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.32. The firm had revenue of $15.31 billion for the quarter, compared to analysts’ expectations of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same quarter in the prior year, the firm posted $2.71 earnings per share. As a group, analysts anticipate that ConocoPhillips will post 9.57 earnings per share for the current year.

ConocoPhillips Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were issued a $0.78 dividend. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Thursday, February 15th. ConocoPhillips’s dividend payout ratio (DPR) is currently 25.61%.

Insider Buying and Selling

In related news, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the transaction, the senior vice president now owns 2,654 shares in the company, valued at $293,399.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other ConocoPhillips news, SVP Heather G. Hrap sold 4,548 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the sale, the senior vice president now owns 2,654 shares of the company’s stock, valued at $293,399.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Nicholas G. Olds sold 12,150 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the sale, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 700,775 shares of company stock valued at $87,615,169. 0.34% of the stock is owned by company insiders.

Institutional Trading of ConocoPhillips

Institutional investors have recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in shares of ConocoPhillips during the third quarter valued at approximately $27,000. West Branch Capital LLC lifted its holdings in ConocoPhillips by 87.8% during the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after buying an additional 108 shares during the period. Cooksen Wealth LLC purchased a new stake in ConocoPhillips during the fourth quarter worth $27,000. Sachetta LLC acquired a new position in shares of ConocoPhillips during the fourth quarter worth $27,000. Finally, Richardson Capital Management LLC acquired a new position in shares of ConocoPhillips during the first quarter worth $31,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.