ConocoPhillips (NYSE:COP)’s share price traded down 3.2% during trading on Wednesday . The company traded as low as $42.11 and last traded at $42.41, with a volume of 5,224,439 shares traded. The stock had previously closed at $43.80.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded ConocoPhillips from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Wednesday. Deutsche Bank AG reiterated a “buy” rating and set a $62.00 price target on shares of ConocoPhillips in a report on Monday, May 16th. Sanford C. Bernstein reiterated an “outperform” rating on shares of ConocoPhillips in a report on Monday, May 16th. Jefferies Group restated a “sell” rating on shares of ConocoPhillips in a report on Saturday, April 30th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of ConocoPhillips in a report on Saturday, April 30th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $49.60.

The company’s market capitalization is $53.09 billion. The firm’s 50 day moving average price is $43.93 and its 200-day moving average price is $41.39.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, April 28th. The company reported ($0.95) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.86) by $0.09. During the same period in the prior year, the company earned ($0.18) EPS. Analysts anticipate that ConocoPhillips will post ($2.07) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, July 25th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.33%.

A number of hedge funds and institutional investors have added to or reduced their stakes in COP. SPC Financial Inc. increased its position in ConocoPhillips by 0.7% in the fourth quarter. SPC Financial Inc. now owns 21,515 shares of the company’s stock valued at $1,005,000 after buying an additional 150 shares during the period. Leisure Capital Management increased its position in shares of ConocoPhillips by 5.7% in the fourth quarter. Leisure Capital Management now owns 23,084 shares of the company’s stock valued at $1,078,000 after buying an additional 1,250 shares during the last quarter. Bronfman E.L. Rothschild L.P. purchased a new position in shares of ConocoPhillips during the fourth quarter valued at approximately $1,113,000. Neumann Capital Management LLC increased its position in shares of ConocoPhillips by 24.2% in the fourth quarter. Neumann Capital Management LLC now owns 25,368 shares of the company’s stock valued at $1,184,000 after buying an additional 4,950 shares during the last quarter. Finally, Bourgeon Capital Management LLC increased its position in shares of ConocoPhillips by 65.9% in the fourth quarter. Bourgeon Capital Management LLC now owns 25,828 shares of the company’s stock valued at $1,206,000 after buying an additional 10,257 shares during the last quarter.

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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