McIlrath & Eck LLC Buys 157 Shares of ConocoPhillips (NYSE:COP)

McIlrath & Eck LLC grew its stake in ConocoPhillips (NYSE:COP) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,051 shares of the energy producer’s stock after buying an additional 157 shares during the period. McIlrath & Eck LLC’s holdings in ConocoPhillips were worth $303,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in ConocoPhillips by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer’s stock valued at $4,546,706,000 after purchasing an additional 5,549,078 shares during the last quarter. Leavell Investment Management Inc. boosted its holdings in shares of ConocoPhillips by 59.8% during the 4th quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer’s stock worth $1,901,000 after buying an additional 7,174 shares during the period. Heck Capital Advisors LLC acquired a new position in ConocoPhillips in the 4th quarter valued at $1,767,000. Asset Management One Co. Ltd. raised its holdings in ConocoPhillips by 11.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 519,371 shares of the energy producer’s stock worth $50,345,000 after acquiring an additional 54,196 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in ConocoPhillips by 7.4% in the 4th quarter. New York State Teachers Retirement System now owns 1,170,901 shares of the energy producer’s stock worth $116,118,000 after acquiring an additional 80,199 shares during the period. Institutional investors own 82.36% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barclays lowered their price target on ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Mizuho dropped their price target on ConocoPhillips from $127.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. Scotiabank cut their price target on ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Wells Fargo & Company lowered their price objective on shares of ConocoPhillips from $116.00 to $113.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 14th. Finally, UBS Group reduced their price target on shares of ConocoPhillips from $116.00 to $111.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average price target of $121.95.

ConocoPhillips Stock Down 0.9%

COP opened at $89.63 on Wednesday. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $121.73. The firm has a market cap of $113.31 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 0.79 and a beta of 0.64. The firm’s 50-day simple moving average is $92.96 and its 200-day simple moving average is $98.77. 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 (NYSE:COP) last issued 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 net margin of 16.23% and a return on equity of 17.26%. The firm had revenue of $16.18 billion for the quarter, compared to analysts’ expectations of $15.74 billion. During the same period in the prior year, the firm earned $2.05 earnings per share. Equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a $0.78 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.48%. ConocoPhillips’s payout ratio is 39.64%.

About ConocoPhillips

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.