World Investment Advisors LLC Has $4.63 Million Position in ConocoPhillips (NYSE:COP)

World Investment Advisors LLC lifted its position in shares of ConocoPhillips (NYSE:COP) by 746.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,928 shares of the energy producer’s stock after purchasing an additional 38,740 shares during the period. World Investment Advisors LLC’s holdings in ConocoPhillips were worth $4,625,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Fulcrum Equity Management raised its holdings in shares of ConocoPhillips by 24.1% during the 3rd quarter. Fulcrum Equity Management now owns 5,939 shares of the energy producer’s stock worth $625,000 after buying an additional 1,155 shares in the last quarter. Anchor Investment Management LLC raised its stake in ConocoPhillips by 5.5% during the third quarter. Anchor Investment Management LLC now owns 11,322 shares of the energy producer’s stock worth $1,192,000 after buying an additional 589 shares during the last quarter. Morse Asset Management Inc acquired a new position in shares of ConocoPhillips in the 3rd quarter valued at about $805,000. Unigestion Holding SA lifted its stake in ConocoPhillips by 1.1% in the third quarter. Unigestion Holding SA now owns 225,307 shares of the energy producer’s stock valued at $23,718,000 after buying an additional 2,378 shares during the period. Finally, Soltis Investment Advisors LLC boosted its stake in ConocoPhillips by 1.1% during the third quarter. Soltis Investment Advisors LLC now owns 14,076 shares of the energy producer’s stock worth $1,482,000 after acquiring an additional 148 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

COP has been the topic of several recent research reports. BMO Capital Markets increased their price target on ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Mizuho boosted their price target on shares of ConocoPhillips from $129.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Barclays upped their price objective on ConocoPhillips from $135.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Susquehanna raised their price target on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company lifted their target price on shares of ConocoPhillips from $131.00 to $134.00 and gave the stock an “overweight” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy 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 $139.18.

ConocoPhillips Stock Performance

NYSE COP opened at $100.92 on Friday. ConocoPhillips has a 52-week low of $100.87 and a 52-week high of $135.18. The company has a fifty day moving average of $108.03 and a 200-day moving average of $109.85. The company has a market capitalization of $116.15 billion, a P/E ratio of 12.00, a P/E/G ratio of 0.84 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.10. The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. ConocoPhillips’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.16 earnings per share. As a group, equities research analysts predict that ConocoPhillips will post 7.77 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 11th were given a $0.78 dividend. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Friday, November 8th. ConocoPhillips’s payout ratio is currently 37.10%.

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.