Pathstone Holdings LLC Increases Position in ConocoPhillips (NYSE:COP)

Pathstone Holdings LLC lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 39.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 183,619 shares of the energy producer’s stock after acquiring an additional 51,642 shares during the quarter. Pathstone Holdings LLC’s holdings in ConocoPhillips were worth $18,212,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orrstown Financial Services Inc. increased its holdings in ConocoPhillips by 3.0% in the fourth quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer’s stock valued at $331,000 after buying an additional 96 shares during the last quarter. Principle Wealth Partners LLC increased its holdings in 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 buying an additional 100 shares during the last quarter. Arlington Trust Co LLC increased its holdings in ConocoPhillips by 1.2% in the fourth quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer’s stock valued at $857,000 after buying an additional 102 shares during the last quarter. Gray Wealth Management Inc. increased its holdings in ConocoPhillips by 5.0% in the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer’s stock valued at $215,000 after buying an additional 104 shares during the last quarter. Finally, Plancorp LLC increased its holdings in ConocoPhillips by 2.7% in the fourth quarter. Plancorp LLC now owns 4,018 shares of the energy producer’s stock valued at $399,000 after buying an additional 104 shares during the last quarter. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Stock Performance

COP opened at $92.72 on Thursday. The firm has a market cap of $117.21 billion, a PE ratio of 11.90, a P/E/G ratio of 0.79 and a beta of 0.64. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $93.29 and a 200-day simple moving average of $99.20. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $122.11.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.04. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. The business had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. During the same period last year, the company posted $2.05 EPS. As a group, equities analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.36%. The ex-dividend date is Monday, May 19th. ConocoPhillips’s dividend payout ratio (DPR) is currently 39.64%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on COP shares. Royal Bank of Canada decreased their target price on ConocoPhillips from $133.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Raymond James downgraded ConocoPhillips from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $157.00 to $124.00 in a research note on Monday, February 10th. The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a research note on Thursday, January 30th. Bank of America downgraded ConocoPhillips from a “buy” rating to a “neutral” rating and decreased their target price for the company from $138.00 to $107.00 in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company decreased their target price on ConocoPhillips from $116.00 to $113.00 and set an “overweight” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $122.74.

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.