U.S. Capital Wealth Advisors LLC Boosts Stock Position in ConocoPhillips (NYSE:COP)

U.S. Capital Wealth Advisors LLC lifted its stake in ConocoPhillips (NYSE:COP - Free Report) by 31.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,896 shares of the energy producer's stock after buying an additional 45,503 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in ConocoPhillips were worth $20,153,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Gray Wealth Management Inc. raised its holdings in shares of ConocoPhillips by 5.0% in the 4th quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock worth $215,000 after purchasing an additional 104 shares during the period. Plancorp LLC raised its holdings in shares of ConocoPhillips by 2.7% in the 4th quarter. Plancorp LLC now owns 4,018 shares of the energy producer's stock worth $399,000 after purchasing an additional 104 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in shares of ConocoPhillips by 3.7% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,912 shares of the energy producer's stock worth $289,000 after purchasing an additional 105 shares during the period. Councilmark Asset Management LLC raised its holdings in shares of ConocoPhillips by 0.5% in the 4th quarter. Councilmark Asset Management LLC now owns 19,639 shares of the energy producer's stock worth $1,948,000 after purchasing an additional 106 shares during the period. Finally, Second Line Capital LLC raised its holdings in shares of ConocoPhillips by 2.2% in the 4th quarter. Second Line Capital LLC now owns 4,990 shares of the energy producer's stock worth $495,000 after purchasing an additional 108 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

COP traded up $0.91 during trading on Thursday, reaching $95.44. The stock had a trading volume of 4,064,971 shares, compared to its average volume of 7,637,111. The stock has a market cap of $120.65 billion, a PE ratio of 12.13, a PEG ratio of 2.58 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.13 and a current ratio of 1.27. ConocoPhillips has a one year low of $79.88 and a one year high of $118.40. The business has a 50-day moving average of $90.41 and a 200-day moving average of $94.79.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. The business had revenue of $16.18 billion for the quarter, compared to analysts' expectations of $15.74 billion. ConocoPhillips had a return on equity of 16.54% and a net margin of 16.02%. During the same quarter in the prior year, the firm earned $2.05 earnings per share. As a group, equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a $0.78 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.27%. ConocoPhillips's dividend payout ratio is presently 39.64%.

Analyst Upgrades and Downgrades

COP has been the topic of several recent research reports. Morgan Stanley increased their target price on ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. UBS Group dropped their target price on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Scotiabank dropped their target price on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Citigroup dropped their target price on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a research report on Wednesday, June 11th. Finally, Barclays dropped their target price on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $121.80.

Insider Buying and Selling

In other news, EVP Kirk L. Johnson bought 5,300 shares of the company's stock in a transaction dated Monday, June 16th. The stock was bought at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the acquisition, the executive vice president owned 14,527 shares in the company, valued at approximately $1,369,024.48. This trade represents a 57.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

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.