Toth Financial Advisory Corp Has $29,000 Stock Holdings in ConocoPhillips (NYSE:COP)

Toth Financial Advisory Corp cut its stake in shares of ConocoPhillips (NYSE:COP) by 49.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 229 shares of the energy producer’s stock after selling 220 shares during the quarter. Toth Financial Advisory Corp’s holdings in ConocoPhillips were worth $29,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of ConocoPhillips by 24.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,712,617 shares of the energy producer’s stock valued at $2,752,325,000 after buying an additional 4,726,952 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of ConocoPhillips by 512.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,737,026 shares of the energy producer’s stock worth $433,757,000 after purchasing an additional 3,127,165 shares during the period. Alphinity Investment Management Pty Ltd increased its stake in shares of ConocoPhillips by 78.2% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 4,611,763 shares of the energy producer’s stock worth $535,287,000 after purchasing an additional 2,023,263 shares during the period. International Assets Investment Management LLC increased its stake in shares of ConocoPhillips by 13,905.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,114,261 shares of the energy producer’s stock worth $129,332,000 after purchasing an additional 1,106,305 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of ConocoPhillips by 29.3% during the fourth quarter. Pacer Advisors Inc. now owns 3,422,834 shares of the energy producer’s stock worth $397,288,000 after purchasing an additional 776,107 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on COP shares. Bank of America reiterated a “buy” rating and set a $147.00 target price on shares of ConocoPhillips in a research note on Friday, June 14th. StockNews.com upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Thursday. Argus upgraded ConocoPhillips to a “strong-buy” rating in a research note on Friday, June 7th. Wells Fargo & Company raised their price objective on ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, Truist Financial raised their price objective on ConocoPhillips from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.18.

ConocoPhillips Trading Up 0.4 %

COP traded up $0.41 during midday trading on Friday, hitting $114.38. 7,191,846 shares of the company were exchanged, compared to its average volume of 7,011,207. The firm has a market capitalization of $133.77 billion, a P/E ratio of 12.95, a P/E/G ratio of 2.03 and a beta of 1.22. ConocoPhillips has a 1-year low of $99.35 and a 1-year high of $135.18. The firm’s 50 day moving average price is $118.30 and its 200-day moving average price is $117.53. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last announced 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 return on equity of 20.85% and a net margin of 18.40%. The firm had revenue of $14.48 billion for the quarter, compared to the consensus estimate of $14.72 billion. As a group, equities analysts forecast that ConocoPhillips will post 8.89 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s payout ratio is 26.27%.

About ConocoPhillips

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.