Focus Partners Advisor Solutions LLC Increases Holdings in ConocoPhillips (NYSE:COP)

Focus Partners Advisor Solutions LLC increased its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 48.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,523 shares of the energy producer's stock after buying an additional 11,516 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in ConocoPhillips were worth $3,523,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in COP. Tallon Kerry Patrick purchased a new position in shares of ConocoPhillips during the 4th quarter worth $511,000. Wedge Capital Management L L P NC lifted its position in ConocoPhillips by 18.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,561 shares of the energy producer's stock valued at $254,000 after buying an additional 393 shares during the last quarter. Diversify Wealth Management LLC lifted its position in ConocoPhillips by 42.9% in the fourth quarter. Diversify Wealth Management LLC now owns 4,437 shares of the energy producer's stock valued at $452,000 after buying an additional 1,331 shares during the last quarter. Ballentine Partners LLC boosted its stake in ConocoPhillips by 24.0% during the fourth quarter. Ballentine Partners LLC now owns 17,289 shares of the energy producer's stock worth $1,715,000 after buying an additional 3,344 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in ConocoPhillips by 8.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 95,815 shares of the energy producer's stock worth $9,502,000 after buying an additional 7,366 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on COP shares. The Goldman Sachs Group set a $132.00 price target on shares of ConocoPhillips in a research note on Thursday, January 30th. Mizuho cut their target price on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Bank of America decreased their price target on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday. Susquehanna dropped their price objective on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research note on Monday, May 12th. Finally, Raymond James reiterated an "outperform" rating and issued a $109.00 price objective (up previously from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. Three equities research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $121.89.

ConocoPhillips Stock Up 0.1%

COP stock traded up $0.06 during mid-day trading on Tuesday, reaching $85.25. The company had a trading volume of 2,200,445 shares, compared to its average volume of 7,377,577. 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 company has a market capitalization of $107.77 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. The firm has a fifty day simple moving average of $91.82 and a 200 day simple moving average of $97.98. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $119.23.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.04. The firm had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. During the same period in the prior year, the firm earned $2.05 earnings per share. Analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed 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 dividend yield of 3.66%. The ex-dividend date is Monday, May 19th. ConocoPhillips's dividend payout ratio is presently 39.64%.

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.