WS Management Lllp Has $17.37 Million Holdings in ConocoPhillips (NYSE:COP)

WS Management Lllp cut its stake in ConocoPhillips (NYSE:COP - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 175,119 shares of the energy producer's stock after selling 70,000 shares during the period. ConocoPhillips makes up 1.6% of WS Management Lllp's holdings, making the stock its 12th largest position. WS Management Lllp's holdings in ConocoPhillips were worth $17,367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Orrstown Financial Services Inc. boosted its stake in ConocoPhillips by 3.0% in the 4th quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock worth $331,000 after purchasing an additional 96 shares during the period. Principle Wealth Partners LLC boosted its stake in ConocoPhillips by 0.3% in the 4th quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock worth $3,695,000 after purchasing an additional 100 shares during the period. Arlington Trust Co LLC boosted its stake in shares of ConocoPhillips by 1.2% during the 4th quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock worth $857,000 after buying an additional 102 shares during the last quarter. Gray Wealth Management Inc. boosted its stake in shares of ConocoPhillips by 5.0% during the 4th quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock worth $215,000 after buying an additional 104 shares during the last quarter. Finally, Plancorp LLC boosted its stake in shares of ConocoPhillips by 2.7% during the 4th quarter. Plancorp LLC now owns 4,018 shares of the energy producer's stock worth $399,000 after buying an additional 104 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Trading Down 2.3%

Shares of COP stock opened at $90.33 on Tuesday. The firm has a 50 day moving average price of $93.09 and a two-hundred day moving average price of $98.84. 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 company has a market capitalization of $114.19 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $122.11.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. During the same period last year, the business posted $2.05 earnings per share. As a group, analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business 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 dividend of $0.78 per share. The ex-dividend date is Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.45%. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Bank of America downgraded shares of ConocoPhillips from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $138.00 to $107.00 in a research note on Tuesday, April 29th. Barclays reduced their price objective on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. UBS Group reduced their price objective on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Susquehanna reduced their price objective on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ConocoPhillips currently has an average rating of "Moderate Buy" and an average target price of $122.74.

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.

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