Segall Bryant & Hamill LLC Makes New $9.03 Million Investment in ConocoPhillips $COP

Segall Bryant & Hamill LLC purchased a new position in shares of ConocoPhillips (NYSE:COP) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 68,372 shares of the energy producer’s stock, valued at approximately $9,025,000.

Several other hedge funds have also recently modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in ConocoPhillips during the 4th quarter worth approximately $25,000. Strive Asset Management LLC purchased a new position in shares of ConocoPhillips in the third quarter worth $28,000. Frazier Financial Advisors LLC raised its holdings in shares of ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after buying an additional 145 shares during the last quarter. BNP Paribas acquired a new stake in shares of ConocoPhillips during the second quarter worth $33,000. Finally, Optima Capital LLC acquired a new stake in shares of ConocoPhillips during the fourth quarter worth $34,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Susquehanna upped their target price on ConocoPhillips from $152.00 to $155.00 and gave the company a “positive” rating in a research report on Tuesday, July 21st. Roth Capital raised ConocoPhillips from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $124.00 to $130.00 in a research report on Monday, June 22nd. Zacks Research downgraded ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Capital One Financial reduced their price objective on ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. Finally, Wolfe Research lifted their target price on ConocoPhillips from $138.00 to $144.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.16.

ConocoPhillips Trading Up 0.1%

NYSE COP opened at $120.57 on Monday. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The company has a market capitalization of $146.89 billion, a PE ratio of 20.47, a P/E/G ratio of 1.45 and a beta of 0.11. The company has a fifty day moving average of $112.98 and a 200 day moving average of $115.07.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.17. The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the firm earned $2.09 EPS. Research analysts forecast that ConocoPhillips will post 9.2 earnings per share for the current year.

ConocoPhillips Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.