ConocoPhillips (NYSE:COP) Shares Acquired by Consolidated Portfolio Review Corp

Consolidated Portfolio Review Corp lifted its holdings in shares of ConocoPhillips (NYSE:COPFree Report) by 5.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,341 shares of the energy producer’s stock after acquiring an additional 121 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in ConocoPhillips were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of ConocoPhillips during the 3rd quarter valued at $27,000. West Branch Capital LLC lifted its holdings in shares of ConocoPhillips by 87.8% during the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after acquiring an additional 108 shares in the last quarter. Sachetta LLC acquired a new position in ConocoPhillips in the 4th quarter worth $27,000. Cooksen Wealth LLC acquired a new position in ConocoPhillips in the 4th quarter worth $27,000. Finally, Cape Investment Advisory Inc. lifted its holdings in ConocoPhillips by 96.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock worth $29,000 after buying an additional 121 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

Shares of NYSE:COP traded down $2.22 during trading on Friday, reaching $112.55. 4,188,395 shares of the company’s stock traded hands, compared to its average volume of 5,919,330. ConocoPhillips has a 12 month low of $99.35 and a 12 month high of $135.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.21. The stock has a market capitalization of $131.63 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 2.05 and a beta of 1.23. The company has a 50 day moving average of $116.73 and a 200-day moving average of $117.55.

ConocoPhillips (NYSE:COPGet Free Report) last posted its earnings results on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, topping the consensus estimate of $1.99 by $0.04. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. The firm had revenue of $14.48 billion during the quarter, compared to analysts’ expectations of $14.72 billion. On average, equities analysts expect that ConocoPhillips will post 8.89 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is 26.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays boosted their price objective on shares of ConocoPhillips from $158.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Morgan Stanley boosted their price objective on shares of ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Wells Fargo & Company boosted their price objective on shares of ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. StockNews.com upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Finally, Royal Bank of Canada boosted their price objective on shares of ConocoPhillips from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.18.

View Our Latest Stock Report on COP

ConocoPhillips Profile

(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

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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