Syon Capital LLC Raises Stake in ConocoPhillips (NYSE:COP)

Syon Capital LLC raised its holdings in ConocoPhillips (NYSE:COP - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,403 shares of the energy producer's stock after purchasing an additional 7,207 shares during the period. Syon Capital LLC's holdings in ConocoPhillips were worth $3,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Albion Financial Group UT raised its holdings in shares of 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 acquiring an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in ConocoPhillips in the 4th quarter valued at $26,000. Centricity Wealth Management LLC purchased a new stake in shares of ConocoPhillips during the fourth quarter worth $27,000. Crowley Wealth Management Inc. purchased a new stake in shares of ConocoPhillips during the fourth quarter worth $32,000. Finally, Global Wealth Strategies & Associates raised its position in shares of ConocoPhillips by 80.5% in the fourth quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock valued at $34,000 after buying an additional 153 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Stock Performance

COP traded down $0.02 on Friday, hitting $91.78. 4,736,631 shares of the company traded hands, compared to its average volume of 7,163,329. The company has a 50 day moving average of $94.56 and a 200-day moving average of $100.59. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $130.44. The stock has a market capitalization of $116.03 billion, a PE ratio of 11.78, a PEG ratio of 0.79 and a beta of 0.83. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping 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%. Sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.78 per share. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.40%. ConocoPhillips's dividend payout ratio is currently 40.05%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on COP shares. Barclays dropped their price objective on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday. Scotiabank reduced their price objective on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada dropped their target price on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, UBS Group cut their price target on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.89.

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.