ConocoPhillips (NYSE:COP) Holdings Lowered by 180 Wealth Advisors LLC

180 Wealth Advisors LLC decreased its position in shares of ConocoPhillips (NYSE:COP) by 4.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,213 shares of the energy producer’s stock after selling 143 shares during the period. 180 Wealth Advisors LLC’s holdings in ConocoPhillips were worth $409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cardinal Capital Management Inc. acquired a new position in shares of ConocoPhillips in the 4th quarter worth approximately $13,468,000. Columbia Trust Co 01012016 lifted its stake in shares of ConocoPhillips by 1.2% in the fourth quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock valued at $1,098,000 after buying an additional 112 shares during the period. Raymond James & Associates grew its holdings in shares of ConocoPhillips by 1.5% during the 4th quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer’s stock worth $181,422,000 after purchasing an additional 23,572 shares in the last quarter. Harbor Investment Advisory LLC increased its position in shares of ConocoPhillips by 2.2% during the first quarter. Harbor Investment Advisory LLC now owns 9,697 shares of the energy producer’s stock valued at $1,234,000 after purchasing an additional 212 shares during the period. Finally, Quotient Wealth Partners LLC bought a new position in ConocoPhillips in the fourth quarter worth $5,594,000. 82.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Piper Sandler lifted their target price on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Bank of America restated a “buy” rating and set a $147.00 price target on shares of ConocoPhillips in a research report on Friday, June 14th. Susquehanna lifted their price objective on ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Raymond James restated a “strong-buy” rating and set a $159.00 target price (up previously from $155.00) on shares of ConocoPhillips in a report on Thursday, May 30th. Finally, StockNews.com upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $144.18.

ConocoPhillips Stock Up 0.5 %

COP traded up $0.55 during trading on Friday, hitting $114.52. The company had a trading volume of 1,165,888 shares, compared to its average volume of 5,651,505. The firm’s 50-day moving average price is $118.87 and its 200 day moving average price is $117.54. The company has a market capitalization of $133.94 billion, a PE ratio of 12.98, a PEG ratio of 2.02 and a beta of 1.22. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35. ConocoPhillips has a one year low of $99.35 and a one year high of $135.18.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.04. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The company had revenue of $14.48 billion during the quarter, compared to analysts’ expectations of $14.72 billion. As a group, equities analysts expect that ConocoPhillips will post 8.89 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s dividend payout ratio is presently 26.27%.

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.