ConocoPhillips (NYSE:COP) Holdings Lifted by Focus Partners Wealth

Focus Partners Wealth boosted its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 29.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,406 shares of the energy producer's stock after buying an additional 21,505 shares during the quarter. Focus Partners Wealth's holdings in ConocoPhillips were worth $9,362,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Albion Financial Group UT boosted its stake in ConocoPhillips by 876.9% during the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after buying an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $26,000. Centricity Wealth Management LLC acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $27,000. Crowley Wealth Management Inc. acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $32,000. Finally, Marshall Investment Management LLC acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $36,000. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Up 2.1%

COP opened at $94.19 on Wednesday. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $122.17. The business has a 50-day moving average of $93.25 and a 200-day moving average of $99.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The company has a market capitalization of $119.07 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64.

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

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Monday, May 19th. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on COP shares. Mizuho decreased their price target on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday. UBS Group decreased their price target on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Morgan Stanley boosted their target price on shares of ConocoPhillips from $116.00 to $118.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Raymond James downgraded shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $157.00 to $124.00 in a research note on Monday, February 10th. Finally, The Goldman Sachs Group set a $132.00 target price on shares of 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 issued a strong buy rating to the company. According to data from MarketBeat, ConocoPhillips has an average rating of "Moderate Buy" and a consensus target price of $122.89.

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.

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