ConocoPhillips (NYSE:COP) is Black Maple Capital Management LP's 9th Largest Position

Black Maple Capital Management LP boosted its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 1,275.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 27,500 shares of the energy producer's stock after purchasing an additional 25,500 shares during the quarter. ConocoPhillips comprises about 1.4% of Black Maple Capital Management LP's holdings, making the stock its 9th biggest holding. Black Maple Capital Management LP's holdings in ConocoPhillips were worth $2,727,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Orrstown Financial Services Inc. boosted its holdings in ConocoPhillips by 3.0% during the 4th quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after acquiring an additional 96 shares during the period. Principle Wealth Partners LLC boosted its stake in shares of ConocoPhillips by 0.3% during the fourth quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock valued at $3,695,000 after purchasing an additional 100 shares during the period. Arlington Trust Co LLC grew its holdings in shares of ConocoPhillips by 1.2% in the fourth 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 increased its stake in ConocoPhillips by 0.5% in the 4th quarter. Courier Capital LLC now owns 20,481 shares of the energy producer's stock worth $2,031,000 after buying an additional 103 shares during the period. Finally, Gray Wealth Management Inc. lifted its holdings in ConocoPhillips by 5.0% during the 4th 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. 82.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on COP shares. Bank of America downgraded shares of ConocoPhillips from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $138.00 to $107.00 in a research note on Tuesday, April 29th. Susquehanna set a $136.00 price objective on ConocoPhillips in a report on Tuesday, April 22nd. UBS Group dropped their price target on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Royal Bank of Canada decreased their price objective on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Raymond James cut shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, ConocoPhillips currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.79.

ConocoPhillips Price Performance

Shares of COP opened at $91.46 on Friday. The firm has a market capitalization of $115.62 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. 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's fifty day moving average price is $93.78 and its 200-day moving average price is $100.00. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $125.22.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating 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%. On average, equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current 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 dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's payout ratio is 40.05%.

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.

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