Advisory Alpha LLC Has $1.09 Million Position in ConocoPhillips (NYSE:COP)

Advisory Alpha LLC raised its stake in shares of ConocoPhillips (NYSE:COP) by 1.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,598 shares of the energy producer’s stock after buying an additional 100 shares during the period. Advisory Alpha LLC’s holdings in ConocoPhillips were worth $1,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cardinal Capital Management Inc. acquired a new stake in shares of ConocoPhillips in the 4th quarter valued at $13,468,000. Columbia Trust Co 01012016 lifted its position in ConocoPhillips by 1.2% during the 4th quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock worth $1,098,000 after acquiring an additional 112 shares during the last quarter. Raymond James & Associates lifted its position in ConocoPhillips by 1.5% during the 4th quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer’s stock worth $181,422,000 after acquiring an additional 23,572 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in ConocoPhillips by 2.2% during the 1st quarter. Harbor Investment Advisory LLC now owns 9,697 shares of the energy producer’s stock worth $1,234,000 after acquiring an additional 212 shares during the last quarter. Finally, Quotient Wealth Partners LLC acquired a new position in ConocoPhillips during the 4th quarter worth $5,594,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on COP. Royal Bank of Canada boosted their target price on shares of ConocoPhillips from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 15th. Raymond James reissued a “strong-buy” rating and set a $159.00 target price (up previously from $155.00) on shares of ConocoPhillips in a research report on Thursday, May 30th. Truist Financial boosted their target price on shares of ConocoPhillips from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd. 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. Finally, Bank of America restated a “buy” rating and set a $147.00 price objective on shares of ConocoPhillips in a report on Friday, June 14th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $145.69.

ConocoPhillips Price Performance

Shares of COP traded down $0.67 during mid-day trading on Friday, hitting $113.32. 483,841 shares of the company traded hands, compared to its average volume of 5,555,947. ConocoPhillips has a one year low of $105.77 and a one year high of $135.18. The stock has a market capitalization of $132.53 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 2.01 and a beta of 1.23. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average of $115.68 and a 200 day moving average of $117.43.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $14.72 billion. As a group, equities analysts expect that ConocoPhillips will post 8.89 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $3.12 dividend on an annualized basis and a yield of 2.75%. ConocoPhillips’s payout ratio is presently 26.27%.

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.