ConocoPhillips (NYSE:COP) Shares Sold by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors cut its holdings in ConocoPhillips (NYSE:COP) by 10.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,050 shares of the energy producer’s stock after selling 350 shares during the quarter. Vanguard Capital Wealth Advisors’ holdings in ConocoPhillips were worth $320,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Principle Wealth Partners LLC grew its position in shares of ConocoPhillips by 0.3% in the fourth quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer’s stock valued at $3,695,000 after purchasing an additional 100 shares during the last quarter. Arlington Trust Co LLC boosted its position in ConocoPhillips by 1.2% during the fourth quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer’s stock worth $857,000 after acquiring an additional 102 shares during the last quarter. Gray Wealth Management Inc. boosted its position in ConocoPhillips by 5.0% during the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer’s stock worth $215,000 after acquiring an additional 104 shares during the last quarter. Plancorp LLC boosted its position in ConocoPhillips by 2.7% during the fourth quarter. Plancorp LLC now owns 4,018 shares of the energy producer’s stock worth $399,000 after acquiring an additional 104 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in ConocoPhillips by 3.7% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,912 shares of the energy producer’s stock worth $289,000 after acquiring an additional 105 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $87.18 on Friday. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $118.40. The stock has a market capitalization of $110.21 billion, a P/E ratio of 11.19, a PEG ratio of 0.79 and a beta of 0.61. 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 $88.74 and its 200 day moving average price is $96.54.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.04. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. The firm had revenue of $16.18 billion for the quarter, compared to analysts’ expectations of $15.74 billion. During the same quarter last year, the firm earned $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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.58%. The ex-dividend date was Monday, May 19th. ConocoPhillips’s dividend payout ratio (DPR) is presently 39.64%.

Analyst Ratings Changes

A number of brokerages recently issued reports on COP. Wells Fargo & Company decreased their target price 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. Piper Sandler decreased their target price on shares of ConocoPhillips from $114.00 to $107.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 13th. Scotiabank decreased their target price on shares of ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Morgan Stanley raised their target price on shares of ConocoPhillips from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their target price 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. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and an average target price of $121.63.

About ConocoPhillips

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.