Baader Bank Aktiengesellschaft Acquires Shares of 4,422 ConocoPhillips $COP

Baader Bank Aktiengesellschaft purchased a new stake in shares of ConocoPhillips (NYSE:COP) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,422 shares of the energy producer’s stock, valued at approximately $545,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Summit Asset Management LLC purchased a new position in shares of ConocoPhillips during the 1st quarter worth approximately $288,000. Wilkerson Advisory Group LLC raised its position in shares of ConocoPhillips by 19.0% in the 1st quarter. Wilkerson Advisory Group LLC now owns 797 shares of the energy producer’s stock worth $105,000 after acquiring an additional 127 shares in the last quarter. Madison Asset Management LLC lifted its stake in shares of ConocoPhillips by 79.7% in the 1st quarter. Madison Asset Management LLC now owns 210,608 shares of the energy producer’s stock valued at $27,800,000 after purchasing an additional 93,408 shares during the period. Cutler Investment Counsel LLC purchased a new position in shares of ConocoPhillips in the 1st quarter valued at approximately $230,000. Finally, Johnson Financial Group Inc. lifted its stake in shares of ConocoPhillips by 6.1% in the 1st quarter. Johnson Financial Group Inc. now owns 8,087 shares of the energy producer’s stock valued at $1,067,000 after purchasing an additional 468 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Up 1.5%

Shares of NYSE:COP opened at $117.40 on Wednesday. The company has a market cap of $143.03 billion, a P/E ratio of 19.93, a PEG ratio of 1.40 and a beta of 0.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.87. The stock’s fifty day moving average price is $113.48 and its 200-day moving average price is $113.84.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The business had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the previous year, the firm posted $2.09 EPS. The firm’s revenue was down 6.1% on a year-over-year basis. Sell-side analysts expect that ConocoPhillips will post 9.2 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s payout ratio is presently 57.05%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on COP. Royal Bank Of Canada set a $130.00 price target on ConocoPhillips in a research note on Monday, June 22nd. BMO Capital Markets lowered their price objective on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Citigroup boosted their target price on shares of ConocoPhillips from $135.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Jefferies Financial Group upped their target price on shares of ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group decreased their price target on shares of ConocoPhillips from $144.00 to $138.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. Eighteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.16.

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.