Traders bought shares of ConocoPhillips (NYSE:COP) on weakness during trading on Monday. $51.69 million flowed into the stock on the tick-up and $37.15 million flowed out of the stock on the tick-down, for a money net flow of $14.54 million into the stock. Of all equities tracked, ConocoPhillips had the 21st highest net in-flow for the day. ConocoPhillips traded down ($0.23) for the day and closed at $42.71

A number of research analysts recently issued reports on COP shares. Simmons boosted their price objective on ConocoPhillips to $40.00 in a research report on Friday, March 25th. Argus restated a “buy” rating on shares of ConocoPhillips in a research report on Tuesday, May 10th. Citigroup Inc. boosted their price objective on ConocoPhillips from $50.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 29th. Barclays PLC restated a “buy” rating and set a $50.00 price objective on shares of ConocoPhillips in a research report on Wednesday, March 30th. Finally, Deutsche Bank AG boosted their price objective on ConocoPhillips from $55.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, March 29th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.60.

The firm’s 50-day moving average is $43.78 and its 200-day moving average is $41.25. The firm’s market cap is $52.89 billion.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, April 28th. The company reported ($0.95) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.86) by $0.09. During the same quarter in the previous year, the business earned ($0.18) earnings per share. On average, equities research analysts predict that ConocoPhillips will post ($2.02) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, July 25th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, July 21st. This represents a $1.00 dividend on an annualized basis and a yield of 2.34%.

A number of hedge funds and institutional investors have recently made changes to their positions in the stock. KBC Group NV raised its position in shares of ConocoPhillips by 10.6% in the fourth quarter. KBC Group NV now owns 296,490 shares of the company’s stock worth $13,843,000 after buying an additional 28,378 shares during the last quarter. Flippin Bruce & Porter Inc. raised its position in shares of ConocoPhillips by 3.4% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 110,126 shares of the company’s stock worth $5,142,000 after buying an additional 3,576 shares during the last quarter. Employees Retirement System of Texas raised its position in shares of ConocoPhillips by 8.7% in the fourth quarter. Employees Retirement System of Texas now owns 613,600 shares of the company’s stock worth $28,649,000 after buying an additional 49,300 shares during the last quarter. Stack Financial Management Inc raised its position in shares of ConocoPhillips by 0.6% in the fourth quarter. Stack Financial Management Inc now owns 219,046 shares of the company’s stock worth $10,227,000 after buying an additional 1,210 shares during the last quarter. Finally, Foresters Investment Management Company Inc. raised its position in shares of ConocoPhillips by 1.2% in the fourth quarter. Foresters Investment Management Company Inc. now owns 485,750 shares of the company’s stock worth $22,680,000 after buying an additional 5,900 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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