Good Life Advisors LLC lowered its position in shares of ConocoPhillips (NYSE:COP) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,896 shares of the energy producer’s stock after selling 1,133 shares during the period. Good Life Advisors LLC’s holdings in ConocoPhillips were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zweig DiMenna Associates LLC purchased a new position in shares of ConocoPhillips in the third quarter valued at approximately $271,000. Cookson Peirce & Co. Inc. lifted its stake in ConocoPhillips by 40.3% in the third quarter. Cookson Peirce & Co. Inc. now owns 636,829 shares of the energy producer’s stock worth $49,291,000 after acquiring an additional 182,792 shares during the last quarter. Wallington Asset Management LLC lifted its stake in ConocoPhillips by 1.3% in the third quarter. Wallington Asset Management LLC now owns 100,454 shares of the energy producer’s stock worth $7,775,000 after acquiring an additional 1,250 shares during the last quarter. Mountain Capital Investment Advisors Inc purchased a new position in ConocoPhillips in the third quarter worth approximately $203,000. Finally, First Hawaiian Bank lifted its stake in ConocoPhillips by 1,719.0% in the third quarter. First Hawaiian Bank now owns 63,392 shares of the energy producer’s stock worth $4,907,000 after acquiring an additional 59,907 shares during the last quarter. Institutional investors own 72.30% of the company’s stock.
A number of research analysts recently issued reports on COP shares. Tudor Pickering upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Friday, December 14th. Wolfe Research upgraded shares of ConocoPhillips from a “market perform” rating to an “outperform” rating in a research note on Monday, December 10th. Bank of America upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Monday, October 29th. ValuEngine downgraded shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Finally, Barclays reiterated a “buy” rating and issued a $79.00 price target on shares of ConocoPhillips in a research note on Friday, January 11th. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. ConocoPhillips has a consensus rating of “Buy” and a consensus target price of $76.41.
Shares of NYSE:COP opened at $66.74 on Tuesday. The company has a market cap of $76.83 billion, a PE ratio of 14.73, a P/E/G ratio of 2.20 and a beta of 1.11. The company has a quick ratio of 1.66, a current ratio of 1.79 and a debt-to-equity ratio of 0.46. ConocoPhillips has a twelve month low of $52.54 and a twelve month high of $80.24.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, January 31st. The energy producer reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.08. The business had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.60 billion. ConocoPhillips had a net margin of 16.16% and a return on equity of 16.91%. During the same quarter in the previous year, the firm earned $0.45 EPS. On average, equities research analysts forecast that ConocoPhillips will post 3.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Monday, February 11th will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Friday, February 8th. This represents a $1.22 annualized dividend and a dividend yield of 1.83%. ConocoPhillips’s dividend payout ratio is presently 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. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.
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