Conocophillips (COP) Receives a Buy from Jefferies

In a report released today, Lloyd Byrne from Jefferies maintained a Buy rating on Conocophillips, with a price target of $160.00.

Claim 30% Off TipRanks

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

According to TipRanks, Byrne is a 5-star analyst with an average return of 21.0% and a 62.06% success rate. Byrne covers the Energy sector, focusing on stocks such as Sable Offshore, EQT, and Baker Hughes Company.

In addition to Jefferies, Conocophillips also received a Buy from Wells Fargo’s Sam Margolin in a report issued on April 9. However, on April 8, Truist Financial maintained a Hold rating on Conocophillips (NYSE: COP).

Based on Conocophillips’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $13.31 billion and a net profit of $1.44 billion. In comparison, last year the company earned a revenue of $14.24 billion and had a net profit of $2.3 billion

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COP in relation to earlier this year. Last month, Ryan Michael Lance, the Chairman & CEO of COP sold 113,221.00 shares for a total of $15,024,426.70.