Bearing Point Capital LLC Invests $1.36 Million in ConocoPhillips (NYSE:COP)

Bearing Point Capital LLC purchased a new position in ConocoPhillips (NYSE:COP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,735 shares of the energy producer’s stock, valued at approximately $1,362,000.

Several other institutional investors also recently added to or reduced their stakes in COP. Albion Financial Group UT grew its stake in ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock worth $25,000 after acquiring an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips in the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC purchased a new position in ConocoPhillips during the 4th quarter worth $27,000. Crowley Wealth Management Inc. bought a new stake in ConocoPhillips during the 4th quarter valued at $32,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of ConocoPhillips in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company cut their price target on ConocoPhillips from $131.00 to $116.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Barclays cut their target price on shares of ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. UBS Group lowered their price target on shares of ConocoPhillips from $116.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Susquehanna set a $136.00 price objective on shares of ConocoPhillips in a report on Tuesday, April 22nd. Finally, Raymond James lowered ConocoPhillips from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.79.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $91.46 on Friday. The firm has a market capitalization of $115.62 billion, a P/E ratio of 11.74, a PEG ratio of 0.79 and a beta of 0.83. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $125.22. 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 company has a 50 day moving average price of $93.78 and a 200 day moving average price of $100.00.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 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%. Sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Friday, February 14th. ConocoPhillips’s dividend payout ratio (DPR) is presently 40.05%.

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.