Pillar Pacific Capital Management LLC Raises Holdings in ConocoPhillips (COP)

Pillar Pacific Capital Management LLC raised its position in ConocoPhillips (NYSE:COP) by 0.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 74,680 shares of the energy producer’s stock after acquiring an additional 520 shares during the period. Pillar Pacific Capital Management LLC’s holdings in ConocoPhillips were worth $4,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of COP. Lenox Wealth Advisors LLC bought a new stake in shares of ConocoPhillips during the 1st quarter valued at $27,000. Smart Portfolios LLC raised its stake in shares of ConocoPhillips by 69.5% during the 4th quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock valued at $30,000 after purchasing an additional 196 shares during the period. Athena Capital Advisors LLC bought a new stake in shares of ConocoPhillips during the 4th quarter valued at $32,000. Clarfeld Financial Advisors LLC bought a new stake in shares of ConocoPhillips during the 4th quarter valued at $32,000. Finally, Ironwood Financial llc raised its stake in shares of ConocoPhillips by 294.1% during the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 74.69% of the company’s stock.

COP opened at $62.32 on Thursday. ConocoPhillips has a 12-month low of $56.75 and a 12-month high of $80.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.86 and a quick ratio of 1.72. The stock has a market capitalization of $69.16 billion, a PE ratio of 13.76, a PEG ratio of 1.47 and a beta of 1.06.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Tuesday, April 30th. The energy producer reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. The firm had revenue of $10.06 billion during the quarter, compared to analysts’ expectations of $9.16 billion. ConocoPhillips had a return on equity of 16.65% and a net margin of 18.08%. During the same period in the prior year, the business earned $0.96 EPS. As a group, equities research analysts expect that ConocoPhillips will post 4.37 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, May 10th. ConocoPhillips’s dividend payout ratio is currently 26.93%.

A number of analysts recently issued reports on the company. ValuEngine lowered ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Credit Suisse Group lowered ConocoPhillips from an “outperform” rating to a “neutral” rating and set a $64.00 price objective on the stock. in a research note on Wednesday, May 1st. Piper Jaffray Companies reiterated a “hold” rating on shares of ConocoPhillips in a research note on Tuesday, February 12th. Zacks Investment Research upgraded ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Wednesday, March 13th. Finally, Morgan Stanley set a $77.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research report on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $78.20.

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About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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