Wexford Capital LP Takes Position in ConocoPhillips (NYSE:COP)

Wexford Capital LP bought a new position in shares of ConocoPhillips (NYSE:COP - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 6,266 shares of the energy producer's stock, valued at approximately $621,000.

Other institutional investors have also modified their holdings of the company. Albion Financial Group UT raised its position in shares of ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after purchasing an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of ConocoPhillips in the 4th quarter valued at approximately $26,000. Centricity Wealth Management LLC acquired a new position in shares of ConocoPhillips in the 4th quarter valued at approximately $27,000. Crowley Wealth Management Inc. acquired a new position in shares of ConocoPhillips in the 4th quarter valued at approximately $32,000. Finally, Marshall Investment Management LLC acquired a new position in shares of ConocoPhillips in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on COP shares. Wells Fargo & Company cut 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. Piper Sandler lowered their price target on ConocoPhillips from $114.00 to $107.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a report on Thursday, January 30th. Scotiabank lowered their price target on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Finally, Susquehanna lowered their price target on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a report on Monday, May 12th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $121.89.

ConocoPhillips Stock Performance

Shares of NYSE:COP traded down $0.94 on Friday, hitting $85.19. The company's stock had a trading volume of 6,786,423 shares, compared to its average volume of 7,379,538. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $119.23. The company has a market capitalization of $107.69 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. The stock's 50-day moving average is $92.15 and its two-hundred day moving average is $98.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP - Get Free Report) last released 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 company had revenue of $16.18 billion during the quarter, compared to analysts' expectations of $15.74 billion. During the same quarter in the prior year, the business posted $2.05 earnings per share. On average, equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid 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 3.66%. ConocoPhillips's payout ratio is 39.64%.

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.