Quadrant Capital Group LLC Acquires 880 Shares of ConocoPhillips (NYSE:COP)

Quadrant Capital Group LLC raised its stake in shares of ConocoPhillips (NYSE:COP) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,259 shares of the energy producer’s stock after buying an additional 880 shares during the period. Quadrant Capital Group LLC’s holdings in ConocoPhillips were worth $1,216,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC grew its holdings in ConocoPhillips by 164.8% during the third quarter. Kovitz Investment Group Partners LLC now owns 59,776 shares of the energy producer’s stock valued at $6,293,000 after purchasing an additional 37,201 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in ConocoPhillips by 22.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 38,690 shares of the energy producer’s stock worth $4,073,000 after acquiring an additional 7,131 shares during the period. iA Global Asset Management Inc. raised its holdings in ConocoPhillips by 9.1% in the 3rd quarter. iA Global Asset Management Inc. now owns 24,335 shares of the energy producer’s stock worth $2,562,000 after acquiring an additional 2,033 shares during the period. National Bank of Canada FI lifted its position in ConocoPhillips by 15.7% during the 3rd quarter. National Bank of Canada FI now owns 735,557 shares of the energy producer’s stock worth $77,439,000 after acquiring an additional 99,972 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its holdings in ConocoPhillips by 88.4% during the third quarter. DF Dent & Co. Inc. now owns 6,223 shares of the energy producer’s stock valued at $655,000 after acquiring an additional 2,920 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Down 9.5 %

Shares of NYSE COP opened at $86.18 on Monday. The business has a fifty day moving average of $98.53 and a two-hundred day moving average of $103.06. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a 52-week low of $81.34 and a 52-week high of $135.18. The stock has a market cap of $108.95 billion, a PE ratio of 11.06, a PEG ratio of 0.79 and a beta of 0.83.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. As a group, equities research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.62%. ConocoPhillips’s payout ratio is 40.05%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on COP. UBS Group cut their price objective on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. TD Cowen began coverage on ConocoPhillips in a research report on Friday, January 17th. They issued a “buy” rating and a $125.00 price objective for the company. The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research note on Thursday, January 30th. JPMorgan Chase & Co. reduced their price target on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Finally, Raymond James downgraded shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and an average target price of $132.95.

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.