ConocoPhillips (NYSE:COP) was the recipient of unusually large options trading on Friday. Stock investors acquired 10,497 call options on the stock. This is an increase of 219% compared to the typical volume of 3,289 call options.

Several equities research analysts recently weighed in on the company. Jefferies Group LLC raised ConocoPhillips from a “hold” rating to a “buy” rating and increased their price target for the stock from $55.00 to $59.00 in a report on Wednesday, May 17th. Citigroup Inc. decreased their price target on ConocoPhillips from $65.00 to $57.00 and set a “buy” rating for the company in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $52.00 price target on shares of ConocoPhillips in a report on Thursday, June 22nd. Bank of America Corporation raised ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price target for the stock from $51.00 to $58.00 in a report on Friday, July 28th. Finally, Royal Bank Of Canada set a $62.00 price target on ConocoPhillips and gave the stock a “buy” rating in a report on Sunday, July 16th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $55.18.

Large investors have recently made changes to their positions in the stock. TNB Financial bought a new stake in shares of ConocoPhillips during the first quarter valued at approximately $1,336,000. Banced Corp increased its stake in shares of ConocoPhillips by 1.1% in the first quarter. Banced Corp now owns 16,419 shares of the energy producer’s stock valued at $819,000 after buying an additional 183 shares in the last quarter. Alpha Windward LLC increased its stake in shares of ConocoPhillips by 0.9% in the first quarter. Alpha Windward LLC now owns 5,564 shares of the energy producer’s stock valued at $277,000 after buying an additional 52 shares in the last quarter. Prospera Financial Services Inc increased its stake in shares of ConocoPhillips by 50.1% in the first quarter. Prospera Financial Services Inc now owns 14,531 shares of the energy producer’s stock valued at $723,000 after buying an additional 4,853 shares in the last quarter. Finally, BKD Wealth Advisors LLC increased its stake in shares of ConocoPhillips by 6.1% in the first quarter. BKD Wealth Advisors LLC now owns 63,148 shares of the energy producer’s stock valued at $3,149,000 after buying an additional 3,622 shares in the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.

Shares of ConocoPhillips (NYSE COP) opened at 43.11 on Monday. ConocoPhillips has a 52-week low of $39.00 and a 52-week high of $53.17. The stock’s market cap is $52.46 billion. The company’s 50-day moving average price is $44.10 and its 200-day moving average price is $46.28.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. The business had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $6.74 billion. During the same period in the prior year, the business posted ($0.79) earnings per share. Analysts expect that ConocoPhillips will post $0.24 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, July 20th. ConocoPhillips’s dividend payout ratio is -34.98%.

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About ConocoPhillips

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

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