Breaking: Jefferies Keeps $54.0 Price Objective On Conocophillips (NYSE:COP) Shares, Keeps Their Original “Buy” Rating

December 7, 2017 - By Adrian Mccoy

 Breaking: Jefferies Keeps $54.0 Price Objective On Conocophillips (NYSE:COP) Shares, Keeps Their Original

Investors sentiment decreased to 0.71 in Q2 2017. Its down 0.08, from 0.79 in 2017Q1. It dived, as 80 investors sold ConocoPhillips shares while 511 reduced holdings. 87 funds opened positions while 334 raised stakes. 822.50 million shares or 0.21% more from 820.79 million shares in 2017Q1 were reported.

Moreover, Marshall Wace Llp has 0.74% invested in ConocoPhillips (NYSE:COP) for 380,138 shares. Pineno Levin Ford Asset Mngmt Incorporated holds 0.85% or 40,840 shares. Mcf Limited Co owns 1,656 shares. Cap One Association holds 14,565 shares or 0.05% of its portfolio. Moreover, First Interstate Comml Bank has 0.03% invested in ConocoPhillips (NYSE:COP) for 3,826 shares. Etrade Capital Mngmt Lc holds 49,376 shares or 0.08% of its portfolio. Berkshire Asset Limited Liability Company Pa stated it has 0.15% of its portfolio in ConocoPhillips (NYSE:COP). Lau Lc owns 73,148 shares. 46,291 are owned by Beach Inv Counsel Pa. Strs Ohio holds 0.18% or 933,655 shares. Rockefeller Fincl Svcs Incorporated owns 1.70 million shares or 1.48% of their US portfolio. 1.07M were accumulated by Renaissance Techs Lc. Beacon Finance Grp has 15,950 shares. Garrison Finance, Arkansas-based fund reported 51,542 shares. Westwood Hldg Group Incorporated Inc owns 4,702 shares or 0% of their US portfolio.

Conocophillips (NYSE:COP) Rating Reaffirmed

In analysts note made public on 6 October, The “Buy” rating of Conocophillips (NYSE:COP) shares was reaffirmed at Jefferies, who now has a $54.0 TP on the stock. Jefferies’s TP gives a possible upside of 6.91 % from the last stock close price of the company.

Investors sentiment decreased to 0.71 in Q2 2017. Its down 0.08, from 0.79 in 2017Q1. It dived, as 80 investors sold ConocoPhillips shares while 511 reduced holdings. 87 funds opened positions while 334 raised stakes. 822.50 million shares or 0.21% more from 820.79 million shares in 2017Q1 were reported.

Moreover, Marshall Wace Llp has 0.74% invested in ConocoPhillips (NYSE:COP) for 380,138 shares. Pineno Levin Ford Asset Mngmt Incorporated holds 0.85% or 40,840 shares. Mcf Limited Co owns 1,656 shares. Cap One Association holds 14,565 shares or 0.05% of its portfolio. Moreover, First Interstate Comml Bank has 0.03% invested in ConocoPhillips (NYSE:COP) for 3,826 shares. Etrade Capital Mngmt Lc holds 49,376 shares or 0.08% of its portfolio. Berkshire Asset Limited Liability Company Pa stated it has 0.15% of its portfolio in ConocoPhillips (NYSE:COP). Lau Lc owns 73,148 shares. 46,291 are owned by Beach Inv Counsel Pa. Strs Ohio holds 0.18% or 933,655 shares. Rockefeller Fincl Svcs Incorporated owns 1.70 million shares or 1.48% of their US portfolio. 1.07M were accumulated by Renaissance Techs Lc. Beacon Finance Grp has 15,950 shares. Garrison Finance, Arkansas-based fund reported 51,542 shares. Westwood Hldg Group Incorporated Inc owns 4,702 shares or 0% of their US portfolio.

ConocoPhillips (NYSE:COP) Ratings Coverage

Among 24 analysts covering ConocoPhillips (NYSE:COP), 16 have Buy rating, 1 Sell and 7 Hold. Therefore 67% are positive. ConocoPhillips has $77 highest and $31 lowest target. $53.13’s average target is 5.19% above currents $50.51 stock price. ConocoPhillips had 79 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of ConocoPhillips (NYSE:COP) earned “Outperform” rating by Bernstein on Friday, February 5. The stock of ConocoPhillips (NYSE:COP) has “Neutral” rating given on Friday, February 5 by UBS. The rating was maintained by Jefferies on Thursday, October 19 with “Buy”. The rating was maintained by Piper Jaffray on Thursday, August 24 with “Buy”. The firm has “Overweight” rating by Barclays Capital given on Tuesday, January 12. On Monday, November 7 the stock rating was upgraded by Edward Jones to “Buy”. The stock of ConocoPhillips (NYSE:COP) has “Perform” rating given on Tuesday, August 4 by Oppenheimer. The firm has “Underweight” rating by JP Morgan given on Tuesday, December 15. The stock has “Buy” rating by RBC Capital Markets on Tuesday, June 13. The stock of ConocoPhillips (NYSE:COP) earned “Market Perform” rating by Bernstein on Thursday, July 6.

The stock increased 0.26% or $0.13 during the last trading session, reaching $50.51. About 2.42M shares traded. ConocoPhillips (NYSE:COP) has risen 9.50% since December 7, 2016 and is uptrending. It has underperformed by 7.20% the S&P500.

Analysts await ConocoPhillips (NYSE:COP) to report earnings on February, 1. They expect $0.36 EPS, up 238.46 % or $0.62 from last year’s $-0.26 per share. COP’s profit will be $430.39M for 35.08 P/E if the $0.36 EPS becomes a reality. After $0.16 actual EPS reported by ConocoPhillips for the previous quarter, Wall Street now forecasts 125.00 % EPS growth.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas , and natural gas liquids worldwide. The company has market cap of $60.39 billion. The Company’s portfolio includes North American tight oil and oil sands assets; lower-risk conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects. It currently has negative earnings.

More notable recent ConocoPhillips (NYSE:COP) news were published by: Reuters.com which released: “ConocoPhillips vows financial discipline as it aims to boost output” on November 08, 2017, also Streetinsider.com with their article: “ConocoPhillips (COP) and Ecuador Agree to Settlement of ICSID Award” published on December 04, 2017, Fool.com published: “Dividend stats on ConocoPhillips” on November 30, 2017. More interesting news about ConocoPhillips (NYSE:COP) were released by: Seekingalpha.com and their article: “ConocoPhillips: Bother Because This Lucky Management Is About To Make Some …” published on December 04, 2017 as well as Reuters.com‘s news article titled: “ConocoPhillips to receive $337 million in accord with Ecuador” with publication date: December 04, 2017.

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