Snowden Capital Advisors LLC Has $3.29 Million Position in ConocoPhillips (NYSE:COP)

Snowden Capital Advisors LLC raised its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 32.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,164 shares of the energy producer's stock after acquiring an additional 8,145 shares during the quarter. Snowden Capital Advisors LLC's holdings in ConocoPhillips were worth $3,289,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Albion Financial Group UT boosted its holdings in shares of 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 during the period. Murphy & Mullick Capital Management Corp acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $27,000. Crowley Wealth Management Inc. acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $32,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.36% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Scotiabank cut their price target on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Mizuho dropped their price target on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Raymond James increased their price target on ConocoPhillips from $103.00 to $109.00 and gave the stock an "outperform" rating in a research note on Tuesday. The Goldman Sachs Group set a $132.00 price target on shares of ConocoPhillips in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Three investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $121.95.

ConocoPhillips Stock Down 0.9%

NYSE COP traded down $0.78 during trading hours on Tuesday, reaching $89.63. 5,292,278 shares of the company traded hands, compared to its average volume of 7,335,404. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $121.73. 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 stock has a market capitalization of $113.31 billion, a PE ratio of 11.51, a PEG ratio of 0.79 and a beta of 0.64. The company has a 50 day moving average of $93.09 and a two-hundred day moving average of $98.84.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.04. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. The company had revenue of $16.18 billion for the quarter, compared to the consensus estimate of $15.74 billion. During the same period last year, the firm posted $2.05 EPS. As a group, equities analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed 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 3.48%. ConocoPhillips's dividend payout ratio is currently 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.