Castleview Partners LLC Has $6.53 Million Stock Holdings in ConocoPhillips $COP

Castleview Partners LLC lessened its stake in shares of ConocoPhillips (NYSE:COP) by 24.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,443 shares of the energy producer’s stock after selling 16,199 shares during the quarter. ConocoPhillips makes up approximately 3.3% of Castleview Partners LLC’s portfolio, making the stock its 3rd biggest position. Castleview Partners LLC’s holdings in ConocoPhillips were worth $6,526,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in COP. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in ConocoPhillips during the 4th quarter valued at about $25,000. Strive Asset Management LLC purchased a new stake in ConocoPhillips in the 3rd quarter worth approximately $28,000. Board of the Pension Protection Fund purchased a new stake in ConocoPhillips in the 4th quarter worth approximately $28,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of ConocoPhillips in the 3rd quarter worth approximately $28,000. Finally, Whipplewood Advisors LLC grew its position in shares of ConocoPhillips by 216.7% in the 1st quarter. Whipplewood Advisors LLC now owns 323 shares of the energy producer’s stock worth $43,000 after buying an additional 221 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Stock Up 1.0%

Shares of NYSE:COP traded up $1.04 on Friday, hitting $109.06. 6,977,036 shares of the company traded hands, compared to its average volume of 7,638,942. The stock has a 50 day simple moving average of $114.15 and a 200-day simple moving average of $112.66. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. The company has a market cap of $132.86 billion, a PE ratio of 18.52, a PEG ratio of 1.31 and a beta of 0.12. ConocoPhillips has a 52 week low of $85.57 and a 52 week high of $135.87.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the business posted $2.09 EPS. ConocoPhillips’s revenue was down 6.1% compared to the same quarter last year. As a group, research analysts expect that ConocoPhillips will post 9.28 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were given a dividend of $0.84 per share. The ex-dividend date was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a yield of 3.1%. ConocoPhillips’s dividend payout ratio is 57.05%.

Analyst Ratings Changes

Several research firms have recently issued reports on COP. Argus boosted their target price on ConocoPhillips from $128.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Royal Bank Of Canada set a $130.00 price target on shares of ConocoPhillips in a report on Monday, June 22nd. Weiss Ratings restated a “hold (c)” rating on shares of ConocoPhillips in a report on Wednesday, June 3rd. BMO Capital Markets decreased their price target on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Finally, Wolfe Research upped their target price on ConocoPhillips from $138.00 to $144.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.04.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.