Blue Capital Inc. Invests $616,000 in ConocoPhillips (NYSE:COP)

Blue Capital Inc. purchased a new position in shares of ConocoPhillips (NYSE:COP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,209 shares of the energy producer's stock, valued at approximately $616,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Albion Financial Group UT increased its holdings in ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after acquiring an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of ConocoPhillips during the fourth quarter valued at about $26,000. Centricity Wealth Management LLC bought a new stake in shares of ConocoPhillips in the fourth quarter worth about $27,000. Crowley Wealth Management Inc. purchased a new stake in shares of ConocoPhillips in the fourth quarter worth about $32,000. Finally, Retirement Wealth Solutions LLC bought a new position in ConocoPhillips during the fourth quarter valued at approximately $35,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Raymond James lowered shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $157.00 to $124.00 in a research report on Monday, February 10th. Barclays dropped their price target on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. UBS Group decreased their price objective on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. TD Cowen assumed coverage on ConocoPhillips in a report on Friday, January 17th. They issued a "buy" rating and a $125.00 target price for the company. Finally, The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.79.

ConocoPhillips Stock Performance

NYSE:COP traded up $1.26 during mid-day trading on Thursday, reaching $88.97. The stock had a trading volume of 15,884,129 shares, compared to its average volume of 7,266,101. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $124.23. The business has a 50 day simple moving average of $93.19 and a 200 day simple moving average of $99.66. The firm has a market capitalization of $112.47 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. The business had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. During the same quarter last year, the firm posted $2.05 EPS. On average, analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

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.