Triumph Capital Management Has $234,000 Position in ConocoPhillips (NYSE:COP)

Triumph Capital Management raised its stake in ConocoPhillips (NYSE:COP) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,364 shares of the energy producer’s stock after purchasing an additional 149 shares during the period. Triumph Capital Management’s holdings in ConocoPhillips were worth $234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of COP. Albion Financial Group UT boosted its position in shares of ConocoPhillips by 876.9% in the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock valued at $25,000 after acquiring an additional 228 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in shares of ConocoPhillips in the fourth quarter valued at about $26,000. Centricity Wealth Management LLC bought a new stake in shares of ConocoPhillips in the fourth quarter valued at about $27,000. Crowley Wealth Management Inc. bought a new stake in shares of ConocoPhillips in the fourth quarter valued at about $32,000. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of ConocoPhillips in the fourth quarter valued at about $35,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on COP shares. Morgan Stanley boosted their target price on shares of ConocoPhillips from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. UBS Group reduced their target price on shares of ConocoPhillips from $116.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada cut their price objective on shares of ConocoPhillips from $133.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Barclays cut their price objective on shares of ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Finally, Piper Sandler cut their price objective on shares of ConocoPhillips from $114.00 to $107.00 and set an “overweight” rating for the company in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $122.74.

ConocoPhillips Stock Down 0.7%

COP stock opened at $92.34 on Friday. The stock has a market capitalization of $116.73 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $122.11. The firm has a 50-day moving average price of $93.24 and a 200-day moving average price of $99.03.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.04. The business had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. During the same quarter last year, the business earned $2.05 EPS. As a group, equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.38%. ConocoPhillips’s dividend payout ratio (DPR) is presently 39.64%.

ConocoPhillips Company Profile

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.