ConocoPhillips (NYSE:COP) Stock Holdings Lessened by Narus Financial Partners LLC

Narus Financial Partners LLC cut its stake in shares of ConocoPhillips (NYSE:COP) by 7.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,654 shares of the energy producer’s stock after selling 203 shares during the period. Narus Financial Partners LLC’s holdings in ConocoPhillips were worth $338,000 at the end of the most recent reporting period.

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

ConocoPhillips Stock Down 0.7 %

Shares of COP traded down $0.83 on Tuesday, hitting $113.53. The company’s stock had a trading volume of 1,558,776 shares, compared to its average volume of 5,653,146. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $132.78 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 2.04 and a beta of 1.24. The firm’s fifty day moving average price is $118.30 and its 200-day moving average price is $117.62. ConocoPhillips has a fifty-two week low of $99.35 and a fifty-two week high of $135.18.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.04. The firm had revenue of $14.48 billion for the quarter, compared to the consensus estimate of $14.72 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. On average, equities research analysts expect that ConocoPhillips will post 8.89 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.75%. The ex-dividend date was Friday, May 10th. ConocoPhillips’s payout ratio is 26.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on COP. Raymond James reissued a “strong-buy” rating and set a $159.00 price objective (up previously from $155.00) on shares of ConocoPhillips in a report on Thursday, May 30th. Bank of America reissued a “buy” rating and issued a $147.00 price target on shares of ConocoPhillips in a research report on Friday, June 14th. StockNews.com raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a report on Thursday, June 27th. Scotiabank upped their price target on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Finally, Barclays lifted their price objective on ConocoPhillips from $158.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average 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.