ConocoPhillips (NYSE:COP) Stock Price Expected to Rise, Mizuho Analyst Says

ConocoPhillips (NYSE:COP) had its price objective increased by research analysts at Mizuho from $129.00 to $132.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the energy producer’s stock. Mizuho’s target price would indicate a potential upside of 23.16% from the company’s current price.

A number of other equities research analysts have also recently commented on COP. Barclays upped their target price on shares of ConocoPhillips from $135.00 to $137.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company restated a “sector perform” rating on shares of ConocoPhillips in a report on Friday, October 18th. BMO Capital Markets upped their price target on shares of ConocoPhillips from $123.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $140.00 target price on shares of ConocoPhillips in a research note on Friday, September 13th. Finally, Susquehanna boosted their target price on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a report on Friday. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.47.

ConocoPhillips Trading Down 2.2 %

ConocoPhillips stock traded down $2.36 during mid-day trading on Friday, hitting $107.18. The company’s stock had a trading volume of 4,084,073 shares, compared to its average volume of 5,892,377. ConocoPhillips has a 1 year low of $101.29 and a 1 year high of $135.18. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $124.46 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. The stock’s fifty day moving average is $108.01 and its two-hundred day moving average is $113.17.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.68 by $0.10. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. During the same quarter last year, the firm posted $2.16 earnings per share. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts anticipate that ConocoPhillips will post 7.76 EPS for the current year.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director Timothy A. Leach sold 55,500 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total value of $6,000,105.00. Following the transaction, the director now directly owns 455,909 shares of the company’s stock, valued at $49,288,321.99. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Institutional Trading of ConocoPhillips

Institutional investors have recently modified their holdings of the company. Manchester Capital Management LLC increased its holdings in ConocoPhillips by 22.1% in the 1st quarter. Manchester Capital Management LLC now owns 475 shares of the energy producer’s stock valued at $60,000 after buying an additional 86 shares during the period. Vicus Capital boosted its holdings in ConocoPhillips by 3.7% during the second quarter. Vicus Capital now owns 2,637 shares of the energy producer’s stock worth $302,000 after buying an additional 94 shares during the last quarter. Montag A & Associates Inc. raised its position in shares of ConocoPhillips by 2.5% during the second quarter. Montag A & Associates Inc. now owns 3,900 shares of the energy producer’s stock worth $446,000 after purchasing an additional 96 shares during the period. Excalibur Management Corp boosted its holdings in ConocoPhillips by 2.4% during the second quarter. Excalibur Management Corp now owns 4,037 shares of the energy producer’s stock worth $462,000 after purchasing an additional 96 shares during the last quarter. Finally, First Hawaiian Bank raised its stake in shares of ConocoPhillips by 0.3% during the 2nd quarter. First Hawaiian Bank now owns 36,739 shares of the energy producer’s stock worth $4,202,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds 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.