Drucker Wealth 3.0 LLC Has $533,000 Position in ConocoPhillips (NYSE:COP)

Drucker Wealth 3.0 LLC reduced its holdings in ConocoPhillips (NYSE:COP) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,378 shares of the energy producer’s stock after selling 1,225 shares during the period. Drucker Wealth 3.0 LLC’s holdings in ConocoPhillips were worth $533,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in ConocoPhillips by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer’s stock valued at $4,546,706,000 after buying an additional 5,549,078 shares during the period. Leavell Investment Management Inc. lifted its holdings in ConocoPhillips by 59.8% in the fourth quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer’s stock valued at $1,901,000 after buying an additional 7,174 shares during the period. Heck Capital Advisors LLC acquired a new position in ConocoPhillips in the fourth quarter valued at approximately $1,767,000. Asset Management One Co. Ltd. lifted its holdings in ConocoPhillips by 11.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 519,371 shares of the energy producer’s stock valued at $50,345,000 after buying an additional 54,196 shares during the period. Finally, New York State Teachers Retirement System lifted its holdings in ConocoPhillips by 7.4% in the fourth quarter. New York State Teachers Retirement System now owns 1,170,901 shares of the energy producer’s stock valued at $116,118,000 after buying an additional 80,199 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Trading Down 1.1%

COP opened at $85.19 on Friday. The stock has a market capitalization of $107.69 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.79 and a beta of 0.64. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $119.23. The firm’s fifty day simple moving average is $92.15 and its 200 day simple moving average is $98.37. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

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

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $0.78 per share. The ex-dividend date is Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.66%. ConocoPhillips’s dividend payout ratio (DPR) is presently 39.64%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Raymond James reissued an “outperform” rating and set a $109.00 price target (up from $103.00) on shares of ConocoPhillips in a research report on Tuesday. Barclays reduced their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Bank of America reduced their price target on shares of ConocoPhillips from $107.00 to $106.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Wells Fargo & Company reduced their price target on shares of ConocoPhillips from $116.00 to $113.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 14th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $121.89.

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.