Guardian Wealth Management Inc. Has $1.82 Million Position in ConocoPhillips (NYSE:COP)

Guardian Wealth Management Inc. lowered its position in ConocoPhillips (NYSE:COP - Free Report) by 34.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,362 shares of the energy producer's stock after selling 9,594 shares during the quarter. ConocoPhillips accounts for approximately 1.2% of Guardian Wealth Management Inc.'s holdings, making the stock its 29th biggest holding. Guardian Wealth Management Inc.'s holdings in ConocoPhillips were worth $1,821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Albion Financial Group UT raised its holdings in ConocoPhillips by 876.9% in the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of ConocoPhillips in the 4th quarter valued at about $26,000. Centricity Wealth Management LLC bought a new position in shares of ConocoPhillips during the fourth quarter worth about $27,000. Crowley Wealth Management Inc. acquired a new position in ConocoPhillips in the fourth quarter worth about $32,000. Finally, Global Wealth Strategies & Associates increased its holdings in ConocoPhillips by 80.5% in the fourth quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock valued at $34,000 after buying an additional 153 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on COP. JPMorgan Chase & Co. decreased their target price on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company lowered their target price on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Barclays reduced their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Morgan Stanley reaffirmed an "overweight" rating and set a $116.00 price objective on shares of ConocoPhillips in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ConocoPhillips currently has an average rating of "Moderate Buy" and a consensus target price of $126.89.

ConocoPhillips Price Performance

ConocoPhillips stock traded up $0.59 during mid-day trading on Monday, hitting $92.31. The company's stock had a trading volume of 1,884,280 shares, compared to its average volume of 7,142,647. The stock has a market capitalization of $116.69 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.79 and a beta of 0.83. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $130.44. The stock's fifty day moving average price is $94.56 and its two-hundred day moving average price is $100.52. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.38%. ConocoPhillips's dividend payout ratio (DPR) is presently 40.05%.

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.