Cetera Investment Advisers grew its holdings in ConocoPhillips (NYSE:COP) by 18.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,916 shares of the energy producer’s stock after purchasing an additional 1,251 shares during the quarter. Cetera Investment Advisers’ holdings in ConocoPhillips were worth $526,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Lenox Wealth Advisors LLC acquired a new stake in ConocoPhillips during the first quarter valued at approximately $27,000. Smart Portfolios LLC raised its stake in shares of ConocoPhillips by 69.5% in the fourth quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock valued at $30,000 after acquiring an additional 196 shares during the last quarter. Athena Capital Advisors LLC bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $32,000. Clarfeld Financial Advisors LLC bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $32,000. Finally, Ironwood Financial llc raised its stake in shares of ConocoPhillips by 294.1% in the fourth quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after acquiring an additional 400 shares during the last quarter. 72.16% of the stock is currently owned by institutional investors.
A number of research analysts have recently issued reports on COP shares. Zacks Investment Research upgraded shares of ConocoPhillips from a “strong sell” rating to a “hold” rating in a research note on Monday, February 11th. Piper Jaffray Companies reiterated a “hold” rating on shares of ConocoPhillips in a research note on Tuesday, February 12th. Morgan Stanley lifted their target price on shares of ConocoPhillips from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Credit Suisse Group upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Tuesday, April 30th. Finally, ValuEngine cut shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $78.36.
COP stock traded down $0.53 during trading on Tuesday, hitting $58.73. The company had a trading volume of 5,127,036 shares, compared to its average volume of 6,766,692. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.86 and a quick ratio of 1.72. ConocoPhillips has a 12 month low of $56.75 and a 12 month high of $80.24. The stock has a market capitalization of $66.64 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Tuesday, April 30th. The energy producer reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.08. ConocoPhillips had a net margin of 18.08% and a return on equity of 16.65%. The firm had revenue of $10.06 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same quarter in the previous year, the company posted $0.96 EPS. As a group, equities analysts expect that ConocoPhillips will post 4.35 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s payout ratio is 26.93%.
ConocoPhillips Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.