Valeo Financial Advisors LLC Has $3.02 Million Stock Position in ConocoPhillips (NYSE:COP)

Valeo Financial Advisors LLC reduced its position in ConocoPhillips (NYSE:COP) by 6.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 23,688 shares of the energy producer’s stock after selling 1,769 shares during the quarter. Valeo Financial Advisors LLC’s holdings in ConocoPhillips were worth $3,015,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. lifted its holdings in shares of ConocoPhillips by 4.0% during the first quarter. Astoria Portfolio Advisors LLC. now owns 2,232 shares of the energy producer’s stock worth $291,000 after purchasing an additional 85 shares during the period. Evergreen Capital Management LLC raised its position in shares of ConocoPhillips by 0.5% during the third quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer’s stock worth $2,270,000 after acquiring an additional 89 shares during the last quarter. Adirondack Trust Co. lifted its stake in shares of ConocoPhillips by 3.1% in the fourth quarter. Adirondack Trust Co. now owns 2,990 shares of the energy producer’s stock worth $336,000 after acquiring an additional 90 shares during the period. Mayfair Advisory Group LLC increased its position in ConocoPhillips by 3.5% during the 1st quarter. Mayfair Advisory Group LLC now owns 2,627 shares of the energy producer’s stock valued at $334,000 after purchasing an additional 90 shares during the period. Finally, West Paces Advisors Inc. raised its holdings in ConocoPhillips by 5.9% during the 1st quarter. West Paces Advisors Inc. now owns 1,659 shares of the energy producer’s stock worth $211,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

NYSE:COP traded up $0.65 during trading hours on Wednesday, reaching $114.77. The stock had a trading volume of 2,325,760 shares, compared to its average volume of 5,644,882. ConocoPhillips has a 12-month low of $99.35 and a 12-month high of $135.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a 50 day simple moving average of $117.68 and a 200 day simple moving average of $117.61. The stock has a market cap of $134.23 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 2.04 and a beta of 1.24.

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

ConocoPhillips Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.27%.

Analyst Ratings Changes

COP has been the subject of several recent analyst reports. Bank of America reiterated a “buy” rating and set a $147.00 price objective on shares of ConocoPhillips in a research report on Friday, June 14th. Wells Fargo & Company lifted their price objective on ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. StockNews.com upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Thursday, June 27th. Mizuho lowered their target price on ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, June 5th. Finally, Barclays increased their price target on ConocoPhillips from $158.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock 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.