Crewe Advisors LLC Makes New $194,000 Investment in ConocoPhillips (NYSE:COP)

Crewe Advisors LLC purchased a new stake in ConocoPhillips (NYSE:COP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,528 shares of the energy producer’s stock, valued at approximately $194,000.

Other large investors have also modified their holdings of the company. West Branch Capital LLC lifted its holdings 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 purchasing an additional 108 shares in the last quarter. Sachetta LLC purchased a new position in shares of ConocoPhillips during the fourth quarter valued at approximately $27,000. Cooksen Wealth LLC purchased a new position in shares of ConocoPhillips during the fourth quarter valued at approximately $27,000. Cape Investment Advisory Inc. boosted its position in ConocoPhillips by 96.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock worth $29,000 after acquiring an additional 121 shares during the last quarter. Finally, Richardson Capital Management LLC purchased a new stake in ConocoPhillips in the 1st quarter worth approximately $31,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

Shares of NYSE:COP traded down $0.07 on Thursday, reaching $111.03. 5,325,675 shares of the company’s stock were exchanged, compared to its average volume of 5,590,577. The business’s 50-day moving average is $113.97 and its two-hundred day moving average is $117.16. 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 fifty-two week low of $105.77 and a fifty-two week high of $135.18. The firm has a market capitalization of $129.85 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 2.00 and a beta of 1.23.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, beating the consensus estimate of $1.99 by $0.04. The company had revenue of $14.48 billion during 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, equities research analysts forecast that ConocoPhillips will post 8.8 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were paid a $0.78 dividend. The ex-dividend date was Friday, May 10th. This represents a $3.12 annualized dividend and a dividend yield of 2.81%. ConocoPhillips’s payout ratio is currently 26.27%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on COP. Barclays raised their price target on ConocoPhillips from $158.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Royal Bank of Canada boosted their target price on shares of ConocoPhillips from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. StockNews.com downgraded shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Wells Fargo & Company boosted their price objective on shares of ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, Wolfe Research initiated coverage on ConocoPhillips in a report on Thursday, July 18th. They set an “outperform” rating and a $145.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus target price of $143.24.

About ConocoPhillips

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.