ConocoPhillips (NYSE:COP) PT Raised to $139.00 at Mizuho

ConocoPhillips (NYSE:COP) had its target price upped by stock analysts at Mizuho from $135.00 to $139.00 in a report issued on Monday, FlyOnTheWall reports. Mizuho’s target price indicates a potential upside of 12.49% from the company’s current price.

A number of other research firms have also issued reports on COP. Wolfe Research raised shares of ConocoPhillips from a “peer perform” rating to an “outperform” rating and set a $120.00 price target for the company in a research report on Friday, July 7th. Truist Financial increased their price objective on ConocoPhillips from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, August 4th. StockNews.com began coverage on ConocoPhillips in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Morgan Stanley restated an “overweight” rating and issued a $124.00 price objective on shares of ConocoPhillips in a report on Wednesday, July 19th. Finally, Wells Fargo & Company increased their price objective on ConocoPhillips from $134.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.63.

ConocoPhillips Price Performance

COP stock opened at $123.57 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.28 and a debt-to-equity ratio of 0.33. ConocoPhillips has a one year low of $91.53 and a one year high of $138.49. The firm has a market capitalization of $147.97 billion, a PE ratio of 11.90, a P/E/G ratio of 0.78 and a beta of 1.30. The firm has a 50-day moving average of $116.22 and a two-hundred day moving average of $107.25.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 3rd. The energy producer reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.10). The company had revenue of $12.88 billion during the quarter, compared to analysts’ expectations of $14.64 billion. ConocoPhillips had a return on equity of 27.27% and a net margin of 18.66%. During the same period last year, the company earned $3.91 earnings per share. On average, analysts forecast that ConocoPhillips will post 8.74 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Ryan Michael Lance sold 569,400 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $122.14, for a total value of $69,546,516.00. Following the completion of the transaction, the chief executive officer now directly owns 18,187 shares of the company’s stock, valued at $2,221,360.18. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.37% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in shares of ConocoPhillips by 21.3% during the second quarter. Farther Finance Advisors LLC now owns 2,259 shares of the energy producer’s stock valued at $234,000 after acquiring an additional 396 shares during the period. DCM Advisors LLC raised its holdings in shares of ConocoPhillips by 11.7% in the second quarter. DCM Advisors LLC now owns 24,930 shares of the energy producer’s stock valued at $2,583,000 after buying an additional 2,608 shares during the last quarter. ST Germain D J Co. Inc. bought a new position in shares of ConocoPhillips in the second quarter valued at about $447,000. Portside Wealth Group LLC bought a new position in shares of ConocoPhillips in the second quarter valued at about $1,083,000. Finally, Lavaca Capital LLC bought a new position in shares of ConocoPhillips in the second quarter valued at about $265,000. 80.36% of the stock is owned by institutional investors.

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 and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.