ConocoPhillips (NYSE:COP) Given Neutral Rating at JPMorgan Chase & Co.

ConocoPhillips (NYSE:COP)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a report issued on Tuesday,Benzinga reports. They currently have a $98.00 price target on the energy producer’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 0.18% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of ConocoPhillips in a research report on Monday, December 29th. Piper Sandler dropped their price objective on ConocoPhillips from $115.00 to $109.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Mizuho lifted their price objective on ConocoPhillips from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Wolfe Research reduced their target price on shares of ConocoPhillips from $126.00 to $122.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. Finally, Roth Capital dropped their target price on shares of ConocoPhillips from $108.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $98.18 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.18 and a current ratio of 1.32. The firm’s 50-day simple moving average is $92.85 and its 200-day simple moving average is $92.93. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $106.20. The firm has a market cap of $121.32 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 2.69 and a beta of 0.32.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.20. The firm had revenue of $15.03 billion during the quarter, compared to analyst estimates of $14.51 billion. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 earnings per share. As a group, research analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

Insider Activity

In related news, Director William H. Mcraven bought 5,768 shares of the company’s stock in a transaction on Monday, November 10th. The stock was bought at an average cost of $86.68 per share, with a total value of $499,970.24. Following the completion of the purchase, the director owned 5,768 shares in the company, valued at approximately $499,970.24. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ryan Michael Lance sold 500,708 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the transaction, the chief executive officer owned 325,972 shares in the company, valued at $30,152,410. The trade was a 60.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.24% of the company’s stock.

Institutional Investors Weigh In On ConocoPhillips

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wedge Capital Management L L P NC lifted its stake in shares of ConocoPhillips by 4.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 2,570 shares of the energy producer’s stock valued at $241,000 after acquiring an additional 101 shares during the period. Oregon Pacific Wealth Management LLC lifted its position in ConocoPhillips by 4.5% during the 4th quarter. Oregon Pacific Wealth Management LLC now owns 2,414 shares of the energy producer’s stock valued at $226,000 after purchasing an additional 104 shares during the period. Navalign LLC boosted its stake in shares of ConocoPhillips by 1.1% in the 2nd quarter. Navalign LLC now owns 9,918 shares of the energy producer’s stock valued at $890,000 after purchasing an additional 108 shares during the last quarter. Greenfield Savings Bank boosted its stake in shares of ConocoPhillips by 1.2% in the 3rd quarter. Greenfield Savings Bank now owns 9,018 shares of the energy producer’s stock valued at $853,000 after purchasing an additional 108 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its position in shares of ConocoPhillips by 5.1% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 2,231 shares of the energy producer’s stock worth $209,000 after buying an additional 109 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.