Strata Wealth Advisors LLC Takes $272,000 Position in ConocoPhillips (NYSE:COP)

Strata Wealth Advisors LLC bought a new stake in shares of ConocoPhillips (NYSE:COP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,136 shares of the energy producer’s stock, valued at approximately $272,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in ConocoPhillips in the 3rd quarter valued at about $27,000. West Branch Capital LLC lifted its stake in ConocoPhillips by 87.8% in the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after buying an additional 108 shares in the last quarter. Sachetta LLC purchased a new position in ConocoPhillips in the 4th quarter valued at about $27,000. Cooksen Wealth LLC purchased a new position in ConocoPhillips in the 4th quarter valued at about $27,000. Finally, Cape Investment Advisory Inc. lifted its stake in ConocoPhillips by 96.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock valued at $29,000 after buying an additional 121 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Trading Up 0.4 %

NYSE COP traded up $0.41 on Friday, reaching $114.38. The stock had a trading volume of 7,191,846 shares, compared to its average volume of 7,011,207. The firm has a market capitalization of $133.77 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 2.04 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 12-month low of $99.35 and a 12-month high of $135.18. The stock has a fifty day moving average price of $118.30 and a two-hundred day moving average price of $117.62.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. The company had revenue of $14.48 billion for the quarter, compared to analyst estimates of $14.72 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. As a group, sell-side analysts forecast that ConocoPhillips will post 8.89 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s payout ratio is 26.27%.

Analyst Ratings Changes

A number of brokerages recently weighed in on COP. StockNews.com raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays boosted their target price on ConocoPhillips from $158.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Scotiabank boosted their target price on ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Mizuho lowered their target price on ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. Finally, Argus upgraded ConocoPhillips to a “strong-buy” rating in a report on Friday, June 7th. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $144.18.

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.