Guardian Wealth Management Inc. grew its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 64.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 30,269 shares of the energy producer's stock after purchasing an additional 11,907 shares during the quarter. ConocoPhillips accounts for 2.1% of Guardian Wealth Management Inc.'s portfolio, making the stock its 16th largest position. Guardian Wealth Management Inc.'s holdings in ConocoPhillips were worth $3,179,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of COP. Price T Rowe Associates Inc. MD grew its holdings in shares of ConocoPhillips by 13.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock worth $4,546,706,000 after acquiring an additional 5,549,078 shares during the last quarter. Elevation Point Wealth Partners LLC increased its stake in ConocoPhillips by 83.0% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 18,060 shares of the energy producer's stock worth $1,897,000 after purchasing an additional 8,189 shares in the last quarter. Schwartz Investment Counsel Inc. raised its holdings in ConocoPhillips by 159.6% during the 1st quarter. Schwartz Investment Counsel Inc. now owns 48,800 shares of the energy producer's stock worth $5,125,000 after buying an additional 30,000 shares during the period. ORG Wealth Partners LLC lifted its stake in ConocoPhillips by 853.3% during the first quarter. ORG Wealth Partners LLC now owns 6,616 shares of the energy producer's stock valued at $698,000 after buying an additional 5,922 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its holdings in shares of ConocoPhillips by 151.1% in the first quarter. Hennessy Advisors Inc. now owns 91,224 shares of the energy producer's stock worth $9,580,000 after buying an additional 54,900 shares during the period. Institutional investors own 82.36% of the company's stock.
ConocoPhillips Stock Up 0.7%
NYSE COP traded up $0.66 during trading on Thursday, reaching $95.70. The company's stock had a trading volume of 5,047,223 shares, compared to its average volume of 6,151,416. The business has a 50-day moving average price of $91.09 and a 200-day moving average price of $94.43. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $116.08. The stock has a market capitalization of $120.98 billion, a PE ratio of 12.16, a PEG ratio of 2.47 and a beta of 0.61. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36.
ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.04. The business had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. During the same quarter in the previous year, the business earned $2.05 EPS. On average, research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.
ConocoPhillips Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, May 19th. ConocoPhillips's dividend payout ratio is 39.64%.
Insider Buying and Selling at ConocoPhillips
In related news, EVP Kirk L. Johnson bought 5,300 shares of the firm's stock in a transaction on Monday, June 16th. The stock was purchased at an average price of $94.24 per share, with a total value of $499,472.00. Following the completion of the transaction, the executive vice president directly owned 14,527 shares of the company's stock, valued at $1,369,024.48. This trade represents a 57.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on COP shares. Barclays cut their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Royal Bank Of Canada reduced their target price on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a report on Friday, July 11th. Mizuho lowered their price target on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Morgan Stanley reissued an "overweight" rating and set a $119.00 price target on shares of ConocoPhillips in a research report on Tuesday, July 15th. Finally, Citigroup decreased their price objective on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, ConocoPhillips presently has an average rating of "Moderate Buy" and an average target price of $121.33.
Read Our Latest Stock Report on ConocoPhillips
About ConocoPhillips
(
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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