Aquatic Capital Management LLC Takes Position in ConocoPhillips (NYSE:COP)

Aquatic Capital Management LLC purchased a new position in shares of ConocoPhillips (NYSE:COP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 246,980 shares of the energy producer's stock, valued at approximately $24,493,000. ConocoPhillips makes up 0.7% of Aquatic Capital Management LLC's holdings, making the stock its 29th largest holding.

Other hedge funds also recently bought and sold shares of the company. Orrstown Financial Services Inc. grew its position in ConocoPhillips by 3.0% in the 4th quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock worth $331,000 after purchasing an additional 96 shares during the last quarter. Principle Wealth Partners LLC grew its position in ConocoPhillips by 0.3% in the 4th quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock worth $3,695,000 after purchasing an additional 100 shares during the last quarter. Arlington Trust Co LLC grew its position in ConocoPhillips by 1.2% in the 4th quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock worth $857,000 after purchasing an additional 102 shares during the last quarter. Courier Capital LLC boosted its position in shares of ConocoPhillips by 0.5% during the 4th quarter. Courier Capital LLC now owns 20,481 shares of the energy producer's stock valued at $2,031,000 after acquiring an additional 103 shares in the last quarter. Finally, Gray Wealth Management Inc. boosted its position in ConocoPhillips by 5.0% in the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock valued at $215,000 after buying an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Up 1.1 %

COP traded up $0.98 on Thursday, hitting $90.10. 3,993,581 shares of the company were exchanged, compared to its average volume of 7,153,790. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $125.73. The company has a market cap of $113.90 billion, a PE ratio of 11.59, a PEG ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The stock's fifty day moving average is $94.05 and its 200-day moving average is $100.26.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.78 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.46%. ConocoPhillips's dividend payout ratio is 40.05%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on COP. Bank of America lowered shares of ConocoPhillips from a "buy" rating to a "neutral" rating and reduced their price target for the company from $138.00 to $107.00 in a research report on Tuesday. Barclays dropped their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. TD Cowen assumed coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They set a "buy" rating and a $125.00 price target for the company. Scotiabank dropped their price target on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Finally, Raymond James downgraded shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ConocoPhillips has an average rating of "Moderate Buy" and an average price target of $124.79.

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.