MGO One Seven LLC Buys 3,437 Shares of ConocoPhillips (NYSE:COP)

MGO One Seven LLC grew its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,037 shares of the energy producer's stock after acquiring an additional 3,437 shares during the period. MGO One Seven LLC's holdings in ConocoPhillips were worth $2,086,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Orrstown Financial Services Inc. raised its stake in shares of ConocoPhillips by 3.0% during the 4th quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock worth $331,000 after buying an additional 96 shares during the period. Principle Wealth Partners LLC raised its position in ConocoPhillips by 0.3% during the fourth quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock worth $3,695,000 after acquiring an additional 100 shares during the period. Arlington Trust Co LLC lifted its holdings in ConocoPhillips by 1.2% during the fourth quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock valued at $857,000 after purchasing an additional 102 shares in the last quarter. Courier Capital LLC grew its position in shares of ConocoPhillips by 0.5% in the fourth quarter. Courier Capital LLC now owns 20,481 shares of the energy producer's stock valued at $2,031,000 after purchasing an additional 103 shares during the period. Finally, Gray Wealth Management Inc. lifted its position in ConocoPhillips by 5.0% during the fourth 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 in the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Price Performance

COP traded down $0.71 during trading on Tuesday, hitting $92.22. The company's stock had a trading volume of 1,297,351 shares, compared to its average volume of 7,130,433. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $130.44. The firm's 50 day moving average price is $94.43 and its two-hundred day moving average price is $100.39. The stock has a market capitalization of $116.58 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. 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 quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Sell-side analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on COP. Bank of America lowered shares of ConocoPhillips from a "buy" rating to a "neutral" rating and set a $107.00 price objective on the stock. in a report on Tuesday. UBS Group decreased their target price on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Raymond James cut shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and reduced their target price for the company from $157.00 to $124.00 in a report on Monday, February 10th. Morgan Stanley reissued an "overweight" rating and issued a $116.00 price target on shares of ConocoPhillips in a research report on Tuesday, April 15th. Finally, Barclays dropped their price objective on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, ConocoPhillips presently has an average rating of "Moderate Buy" and an average price target of $124.79.

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.