Pathstone Holdings LLC Raises Holdings in ConocoPhillips (NYSE:COP)

Pathstone Holdings LLC lifted its position in ConocoPhillips (NYSE:COP - Free Report) by 39.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 183,619 shares of the energy producer's stock after buying an additional 51,642 shares during the period. Pathstone Holdings LLC's holdings in ConocoPhillips were worth $18,212,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Albion Financial Group UT lifted its position in 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 acquiring an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in shares of ConocoPhillips in the fourth quarter worth $26,000. Centricity Wealth Management LLC bought a new position in shares of ConocoPhillips during the fourth quarter valued at $27,000. Crowley Wealth Management Inc. purchased a new stake in shares of ConocoPhillips during the fourth quarter valued at $32,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of ConocoPhillips during the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on COP. Susquehanna decreased their target price on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research report on Monday, May 12th. The Goldman Sachs Group set a $132.00 price target on shares of ConocoPhillips in a research note on Thursday, January 30th. Wells Fargo & Company lowered their price objective on shares of ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Mizuho decreased their target price on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $122.74.

ConocoPhillips Price Performance

COP traded down $0.62 during trading on Friday, hitting $92.34. 6,693,880 shares of the company traded hands, compared to its average volume of 7,325,888. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The company has a market cap of $116.73 billion, a PE ratio of 11.85, a P/E/G ratio of 0.79 and a beta of 0.64. The stock's 50-day simple moving average is $93.24 and its two-hundred day simple moving average is $99.06. ConocoPhillips has a 1 year low of $79.88 and a 1 year 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 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 17.26% and a net margin of 16.23%. During the same period in the prior year, the firm earned $2.05 EPS. As a group, sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a $0.78 dividend. The ex-dividend date is Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.38%. ConocoPhillips's dividend payout ratio is presently 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.