AlphaCore Capital LLC acquired a new stake in ConocoPhillips (NYSE:COP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,571 shares of the energy producer's stock, valued at approximately $552,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Forum Financial Management LP grew its position in shares of ConocoPhillips by 23.4% during the 4th quarter. Forum Financial Management LP now owns 23,049 shares of the energy producer's stock worth $2,286,000 after buying an additional 4,370 shares during the period. Peak Retirement Planning Inc. acquired a new stake in shares of ConocoPhillips during the 4th quarter worth approximately $1,106,000. Formidable Asset Management LLC grew its position in shares of ConocoPhillips by 22.9% during the 4th quarter. Formidable Asset Management LLC now owns 3,385 shares of the energy producer's stock worth $336,000 after buying an additional 630 shares during the period. North Star Asset Management Inc. grew its position in shares of ConocoPhillips by 10.4% during the 4th quarter. North Star Asset Management Inc. now owns 4,363 shares of the energy producer's stock worth $433,000 after buying an additional 410 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of ConocoPhillips during the 4th quarter worth approximately $35,074,000. Institutional investors and hedge funds own 82.36% of the company's stock.
ConocoPhillips Stock Up 0.8%
COP traded up $0.65 during trading on Thursday, reaching $85.23. 2,683,362 shares of the stock were exchanged, compared to its average volume of 7,390,679. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The stock's 50 day moving average price is $91.14 and its two-hundred day moving average price is $97.80. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $118.40. The stock has a market cap of $107.74 billion, a P/E ratio of 10.94, 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 (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. The firm had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. During the same period in the prior year, the firm posted $2.05 earnings per share. Equities analysts expect that ConocoPhillips will post 8.16 EPS for the current year.
ConocoPhillips Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.66%. The ex-dividend date is Monday, May 19th. ConocoPhillips's dividend payout ratio (DPR) is currently 39.64%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on COP. Bank of America reduced their price objective on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Susquehanna reduced their price objective on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a research note on Monday, May 12th. Raymond James reissued an "outperform" rating and set a $109.00 price objective (up previously from $103.00) on shares of ConocoPhillips in a research note on Tuesday, May 20th. Scotiabank reduced their price objective on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Finally, Barclays reduced their price objective on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Three equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $121.89.
Check Out Our Latest Stock Report on ConocoPhillips
ConocoPhillips Company Profile
(
Free Report)
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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