ConocoPhillips (NYSE:COP) Price Target Cut to $111.00 by Analysts at UBS Group

ConocoPhillips ( NYSE:COP – Get Free Report ) had its price objective reduced by equities researchers at UBS Group from $116.00 to $111.00 in a note issued to investors on Tuesday, Benzinga reports.

The firm currently has a “buy” rating on the energy producer’s stock. UBS Group’s target price would suggest a potential upside of 28.59% from the stock’s previous close.



Other research analysts have also issued reports about the company. TD Cowen started coverage on ConocoPhillips in a research report on Friday, January 17th. They issued a “buy” rating and a $125.

00 price target on the stock. Wells Fargo & Company reduced their target price on ConocoPhillips from $131.00 to $116.

00 and set an “overweight” rating on the stock in a report on Tuesday. Royal Bank of Canada lowered their price target on ConocoPhillips from $133.00 to $120.

00 and set an “outperform” rating for the company in a research note on Monday. Morgan Stanley reduced their price objective on shares of ConocoPhillips from $131.00 to $126.

00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Finally, The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a research note on Thursday, January 30th.

Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and an average price target of $128.32.

View Our Latest Stock Report on ConocoPhillips ConocoPhillips Stock Performance ConocoPhillips ( NYSE:COP – Get Free Report ) last posted its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.

78 by $0.20. ConocoPhillips had a net margin of 16.

23% and a return on equity of 17.26%. Equities analysts predict that ConocoPhillips will post 8.

16 earnings per share for the current year. Institutional Trading of ConocoPhillips Institutional investors have recently made changes to their positions in the business. Everpar Advisors LLC lifted its position in ConocoPhillips by 54.

0% during the 1st quarter. Everpar Advisors LLC now owns 4,362 shares of the energy producer’s stock worth $458,000 after buying an additional 1,530 shares in the last quarter. Opal Wealth Advisors LLC increased its position in shares of ConocoPhillips by 17.

5% in the first quarter. Opal Wealth Advisors LLC now owns 2,754 shares of the energy producer’s stock valued at $289,000 after acquiring an additional 411 shares during the last quarter. Hennessy Advisors Inc.

raised its holdings in ConocoPhillips by 151.1% during the first quarter. Hennessy Advisors Inc.

now owns 91,224 shares of the energy producer’s stock worth $9,580,000 after acquiring an additional 54,900 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in ConocoPhillips by 14.6% during the first quarter.

Wealth Enhancement Advisory Services LLC now owns 269,154 shares of the energy producer’s stock valued at $28,267,000 after purchasing an additional 34,284 shares during the last quarter. Finally, Tritonpoint Wealth LLC grew its stake in ConocoPhillips by 4.5% in the first quarter.

Tritonpoint Wealth LLC now owns 8,219 shares of the energy producer’s stock valued at $863,000 after purchasing an additional 351 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

About ConocoPhillips ( Get Free Report ) ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects. Further Reading Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.

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