ConocoPhillips (NYSE:COP) Stock Position Raised by Talbot Financial LLC

Talbot Financial LLC lifted its position in ConocoPhillips (NYSE:COP) by 1.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,175 shares of the energy producer’s stock after acquiring an additional 631 shares during the quarter. Talbot Financial LLC’s holdings in ConocoPhillips were worth $6,259,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in COP. Orion Capital Management LLC acquired a new position in ConocoPhillips in the 3rd quarter valued at approximately $27,000. West Branch Capital LLC increased its stake in ConocoPhillips by 87.8% in the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after buying an additional 108 shares during the period. Sachetta LLC acquired a new position in ConocoPhillips in the 4th quarter valued at approximately $27,000. Cooksen Wealth LLC acquired a new position in ConocoPhillips in the 4th quarter valued at approximately $27,000. Finally, Cape Investment Advisory Inc. increased its stake in ConocoPhillips by 96.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock valued at $29,000 after buying an additional 121 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Thursday. Argus upgraded shares of ConocoPhillips to a “strong-buy” rating in a research note on Friday, June 7th. Scotiabank increased their price target on shares of ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Morgan Stanley increased their price target on shares of ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Wells Fargo & Company increased their price target on shares of ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.18.

ConocoPhillips Stock Performance

ConocoPhillips stock traded down $0.02 during mid-day trading on Monday, reaching $114.36. The company had a trading volume of 3,925,050 shares, compared to its average volume of 5,685,900. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 52 week low of $99.35 and a 52 week high of $135.18. The company has a 50 day moving average of $118.30 and a 200-day moving average of $117.62. The firm has a market cap of $133.75 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 2.04 and a beta of 1.24.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, May 2nd. The energy producer reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. The firm had revenue of $14.48 billion during the quarter, compared to the consensus estimate of $14.72 billion. On average, sell-side analysts expect that ConocoPhillips will post 8.89 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.27%.

ConocoPhillips Company 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.