Belmont Capital LLC Acquires 4,289 Shares of ConocoPhillips (NYSE:COP)

Belmont Capital LLC boosted its holdings in ConocoPhillips (NYSE:COP - Free Report) by 414.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,325 shares of the energy producer's stock after buying an additional 4,289 shares during the period. Belmont Capital LLC's holdings in ConocoPhillips were worth $528,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in COP. Morse Asset Management Inc bought a new stake in shares of ConocoPhillips in the third quarter worth about $805,000. Anchor Investment Management LLC raised its holdings in ConocoPhillips by 5.5% during the 3rd quarter. Anchor Investment Management LLC now owns 11,322 shares of the energy producer's stock worth $1,192,000 after buying an additional 589 shares during the period. Fulcrum Equity Management lifted its stake in ConocoPhillips by 24.1% in the third quarter. Fulcrum Equity Management now owns 5,939 shares of the energy producer's stock valued at $625,000 after buying an additional 1,155 shares in the last quarter. World Investment Advisors LLC increased its position in shares of ConocoPhillips by 746.7% during the third quarter. World Investment Advisors LLC now owns 43,928 shares of the energy producer's stock worth $4,625,000 after acquiring an additional 38,740 shares in the last quarter. Finally, Arvest Bank Trust Division bought a new stake in ConocoPhillips in the 3rd quarter valued at $11,549,000. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Up 2.9 %

Shares of ConocoPhillips stock traded up $2.57 during trading on Tuesday, reaching $90.12. 1,518,519 shares of the company traded hands, compared to its average volume of 8,631,346. The firm has a market capitalization of $113.93 billion, a PE ratio of 11.57, a P/E/G ratio of 0.79 and a beta of 0.83. The company has a 50 day moving average price of $95.03 and a 200-day moving average price of $101.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $130.77.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, equities research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently weighed in on COP shares. Raymond James cut ConocoPhillips from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $157.00 to $124.00 in a research report on Monday, February 10th. Barclays cut their price objective on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Morgan Stanley reissued an "overweight" rating and set a $116.00 price target on shares of ConocoPhillips in a research report on Tuesday, April 15th. UBS Group lowered their target price on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada lowered their price target on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ConocoPhillips currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.32.

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.