Apella Capital LLC Buys 4,189 Shares of ConocoPhillips (NYSE:COP)

Apella Capital LLC raised its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 124.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,566 shares of the energy producer's stock after acquiring an additional 4,189 shares during the quarter. Apella Capital LLC's holdings in ConocoPhillips were worth $795,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips in the fourth quarter valued at $26,000. Centricity Wealth Management LLC bought a new position in shares of ConocoPhillips in the 4th quarter valued at about $27,000. 10Elms LLP bought a new stake in ConocoPhillips during the fourth quarter worth about $28,000. Crowley Wealth Management Inc. acquired a new position in ConocoPhillips during the fourth quarter valued at approximately $32,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in ConocoPhillips during the fourth quarter valued at approximately $36,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

Shares of NYSE COP traded up $1.83 during trading hours on Friday, hitting $87.18. 6,040,860 shares of the stock were exchanged, compared to its average volume of 7,407,191. The company's fifty day simple moving average is $88.74 and its two-hundred day simple moving average is $96.42. The company has a market cap of $110.21 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 0.79 and a beta of 0.61. 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 has a 1-year low of $79.88 and a 1-year high of $118.40.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating 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 firm had revenue of $16.18 billion for the quarter, compared to the consensus estimate of $15.74 billion. During the same quarter last year, the business posted $2.05 EPS. On average, sell-side analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Monday, May 19th. ConocoPhillips's dividend payout ratio is presently 39.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on COP. Bank of America dropped their price objective on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Wells Fargo & Company cut their price target on shares of ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating for the company in a research note on Wednesday, May 14th. UBS Group lowered their price objective on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. cut their target price on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, Scotiabank cut their price objective on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Three equities research 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $121.63.

ConocoPhillips 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.