Vident Advisory LLC Boosts Holdings in ConocoPhillips (NYSE:COP)

Vident Advisory LLC increased its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 33.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,899 shares of the energy producer's stock after buying an additional 9,418 shares during the period. Vident Advisory LLC's holdings in ConocoPhillips were worth $3,759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Albion Financial Group UT boosted its holdings in shares of ConocoPhillips by 876.9% in 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 period. Murphy & Mullick Capital Management Corp acquired a new position in shares of ConocoPhillips during the 4th quarter worth $26,000. Centricity Wealth Management LLC purchased a new position in ConocoPhillips in the fourth quarter valued at about $27,000. Crowley Wealth Management Inc. purchased a new stake in ConocoPhillips during the fourth quarter worth $32,000. Finally, Marshall Investment Management LLC purchased a new position in ConocoPhillips during the 4th quarter valued at about $36,000. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Trading Down 1.1%

Shares of NYSE:COP traded down $0.94 during trading on Monday, reaching $85.19. The stock had a trading volume of 6,786,423 shares, compared to its average volume of 7,397,724. The firm's fifty day moving average is $92.15 and its 200 day moving average is $98.16. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $119.23. 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 has a market cap of $107.69 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 0.79 and a beta of 0.64.

ConocoPhillips (NYSE:COP - Get Free Report) last announced 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 return on equity of 17.26% and a net margin of 16.23%. The business had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. During the same quarter in the prior year, the company earned $2.05 earnings per share. As a group, equities analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Monday, May 19th. ConocoPhillips's dividend payout ratio is currently 39.64%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Raymond James reaffirmed an "outperform" rating and issued a $109.00 price objective (up previously from $103.00) on shares of ConocoPhillips in a research report on Tuesday, May 20th. Royal Bank of Canada reduced their price target on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company dropped their target price on ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 14th. The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a research note on Thursday, January 30th. Finally, Mizuho dropped their target price on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $121.89.

ConocoPhillips Company 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.