Pathstone Holdings LLC Boosts Stock Position in ConocoPhillips (NYSE:COP)

Pathstone Holdings LLC raised its stake in shares of ConocoPhillips (NYSE:COP) by 39.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 183,619 shares of the energy producer’s stock after acquiring an additional 51,642 shares during the period. Pathstone Holdings LLC’s holdings in ConocoPhillips were worth $18,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of ConocoPhillips by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer’s stock worth $4,546,706,000 after buying an additional 5,549,078 shares in the last quarter. Leavell Investment Management Inc. raised its stake in shares of ConocoPhillips by 59.8% during the 4th quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer’s stock worth $1,901,000 after buying an additional 7,174 shares in the last quarter. Brookstone Capital Management raised its stake in shares of ConocoPhillips by 4.5% during the 4th quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer’s stock worth $878,000 after buying an additional 383 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of ConocoPhillips during the 4th quarter worth approximately $1,767,000. Finally, Asset Management One Co. Ltd. raised its stake in shares of ConocoPhillips by 11.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 519,371 shares of the energy producer’s stock worth $50,345,000 after buying an additional 54,196 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $92.72 on Thursday. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $122.11. The stock has a market capitalization of $117.21 billion, a P/E ratio of 11.90, a PEG ratio of 0.79 and a beta of 0.64. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The business’s fifty day moving average price is $93.29 and its 200 day moving average price is $99.20.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating the consensus estimate of $2.05 by $0.04. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. The company had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. During the same period last year, the company posted $2.05 earnings per share. As a group, research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Monday, May 19th. ConocoPhillips’s dividend payout ratio (DPR) is presently 39.64%.

Analyst Ratings Changes

A number of research firms recently weighed in on COP. Wells Fargo & Company lowered their price target on ConocoPhillips from $116.00 to $113.00 and set an “overweight” rating on the stock in a report on Wednesday. Morgan Stanley upped their price target on ConocoPhillips from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. TD Cowen began coverage on ConocoPhillips in a report on Friday, January 17th. They issued a “buy” rating and a $125.00 price target on the stock. Susquehanna lowered their price target on ConocoPhillips from $120.00 to $114.00 and set a “positive” rating on the stock in a report on Monday. Finally, JPMorgan Chase & Co. lowered their price target on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $122.74.

ConocoPhillips 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.