Northern Oak Wealth Management Inc. lowered its position in ConocoPhillips (NYSE:COP) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,938 shares of the energy producer’s stock after selling 216 shares during the quarter. Northern Oak Wealth Management Inc.’s holdings in ConocoPhillips were worth $183,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Smart Portfolios LLC increased its holdings in shares of ConocoPhillips by 69.5% in the 4th quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock valued at $30,000 after acquiring an additional 196 shares during the period. Athena Capital Advisors LLC acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $32,000. Ironwood Financial llc increased its holdings in shares of ConocoPhillips by 294.1% in the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after acquiring an additional 400 shares during the period. Contravisory Investment Management Inc. acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $47,000. Finally, Moody National Bank Trust Division increased its holdings in shares of ConocoPhillips by 536.6% in the 4th quarter. Moody National Bank Trust Division now owns 853 shares of the energy producer’s stock valued at $53,000 after acquiring an additional 719 shares during the period. Institutional investors own 73.54% of the company’s stock.
Shares of COP opened at $66.07 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.66 and a current ratio of 1.79. The firm has a market capitalization of $74.95 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 2.55 and a beta of 1.11. ConocoPhillips has a 1 year low of $56.57 and a 1 year high of $80.24.
The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 11th were paid a dividend of $0.305 per share. The ex-dividend date of this dividend was Friday, February 8th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.85%. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.93%.
A number of equities analysts have recently commented on the stock. Societe Generale cut their target price on shares of ConocoPhillips from $85.00 to $73.00 and set a “buy” rating on the stock in a report on Wednesday, December 19th. Tudor Pickering raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Friday, December 14th. Morgan Stanley set a $77.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Tuesday, January 29th. Zacks Investment Research raised shares of ConocoPhillips from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, Wolfe Research raised shares of ConocoPhillips from a “market perform” rating to an “outperform” rating in a research note on Monday, December 10th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $78.06.
WARNING: This piece was originally published by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://dakotafinancialnews.com/2019/03/25/northern-oak-wealth-management-inc-sells-216-shares-of-conocophillips-cop.html.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
Featured Story: How Does the Quiet Period Work?
Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.com's FREE daily email newsletter.