Great Valley Advisor Group Inc. grew its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,553 shares of the energy producer's stock after buying an additional 5,505 shares during the period. Great Valley Advisor Group Inc.'s holdings in ConocoPhillips were worth $9,278,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of ConocoPhillips during the fourth quarter worth about $26,000. Centricity Wealth Management LLC purchased a new position in shares of ConocoPhillips during the fourth quarter worth about $27,000. 10Elms LLP purchased a new position in shares of ConocoPhillips during the fourth quarter worth about $28,000. Crowley Wealth Management Inc. purchased a new position in shares of ConocoPhillips during the fourth quarter worth about $32,000. Finally, DiNuzzo Private Wealth Inc. grew its holdings in shares of ConocoPhillips by 310.1% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 365 shares of the energy producer's stock worth $36,000 after purchasing an additional 276 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.
ConocoPhillips Trading Down 1.1%
Shares of NYSE:COP traded down $0.98 on Wednesday, hitting $84.57. The company had a trading volume of 6,785,093 shares, compared to its average volume of 7,408,890. The firm's 50-day simple moving average is $91.49 and its two-hundred day simple moving average is $97.89. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $118.40. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $106.91 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 0.79 and a beta of 0.64.
ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy producer reported $2.09 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 during the quarter, compared to analysts' expectations of $15.74 billion. During the same period last year, the company posted $2.05 EPS. Equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.
ConocoPhillips Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a $0.78 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 3.69%. ConocoPhillips's dividend payout ratio is 39.64%.
Analyst Ratings Changes
COP has been the subject of several recent analyst reports. Royal Bank of Canada cut their price objective on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Mizuho cut their target price on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Morgan Stanley upped their target price on ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. cut their target price on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, Piper Sandler cut their target price on ConocoPhillips from $114.00 to $107.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.89.
View Our Latest Report on COP
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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