ConocoPhillips (NYSE:COP) Shares Bought by RFG Advisory LLC

RFG Advisory LLC raised its position in ConocoPhillips (NYSE:COP) by 71.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,400 shares of the energy producer’s stock after purchasing an additional 5,149 shares during the quarter. RFG Advisory LLC’s holdings in ConocoPhillips were worth $1,302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital Asset Advisory Services LLC raised its holdings in ConocoPhillips by 3.4% in the first quarter. Capital Asset Advisory Services LLC now owns 25,323 shares of the energy producer’s stock valued at $2,687,000 after acquiring an additional 833 shares in the last quarter. Merit Financial Group LLC increased its position in ConocoPhillips by 89.4% during the first quarter. Merit Financial Group LLC now owns 53,174 shares of the energy producer’s stock worth $5,584,000 after buying an additional 25,097 shares during the period. Paladin Wealth LLC grew its position in ConocoPhillips by 12.0% during the 1st quarter. Paladin Wealth LLC now owns 8,606 shares of the energy producer’s stock worth $904,000 after purchasing an additional 920 shares during the last quarter. Lbmc Investment Advisors LLC raised its holdings in shares of ConocoPhillips by 8.7% in the first quarter. Lbmc Investment Advisors LLC now owns 6,590 shares of the energy producer’s stock valued at $692,000 after buying an additional 525 shares during the last quarter. Finally, Gradient Investments LLC lifted its position in ConocoPhillips by 17.4% during the 1st quarter. Gradient Investments LLC now owns 277,591 shares of the energy producer’s stock worth $29,153,000 after acquiring an additional 41,042 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays lowered their price objective on ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Bank of America cut their price objective on ConocoPhillips from $107.00 to $106.00 and set a “neutral” rating for the company in a research report on Friday, May 23rd. Raymond James reaffirmed an “outperform” rating and set a $109.00 price target (up from $103.00) on shares of ConocoPhillips in a research note on Tuesday, May 20th. Morgan Stanley lifted their price objective on ConocoPhillips from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Finally, Susquehanna decreased their price target on shares of ConocoPhillips from $120.00 to $114.00 and set a “positive” rating on the stock in a report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.63.

ConocoPhillips Stock Down 2.2%

Shares of NYSE:COP opened at $86.00 on Thursday. The firm has a market cap of $108.72 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 0.79 and a beta of 0.61. The company has a fifty day simple moving average of $89.50 and a 200 day simple moving average of $96.91. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $118.40.

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

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend was Monday, May 19th. ConocoPhillips’s dividend payout ratio (DPR) is 39.64%.

ConocoPhillips Company 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.