Vestor Capital LLC lowered its stake in ConocoPhillips (NYSE:COP – Free Report) by 95.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,947 shares of the energy producer’s stock after selling 80,935 shares during the period. Vestor Capital LLC’s holdings in ConocoPhillips were worth $521,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in ConocoPhillips during the fourth quarter worth $25,000. Strive Asset Management LLC purchased a new stake in shares of ConocoPhillips in the third quarter valued at $28,000. Frazier Financial Advisors LLC lifted its holdings in shares of ConocoPhillips by 151.0% in the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after acquiring an additional 145 shares during the last quarter. BNP Paribas purchased a new position in shares of ConocoPhillips during the 2nd quarter worth about $33,000. Finally, Optima Capital LLC bought a new position in ConocoPhillips during the 4th quarter valued at about $34,000. 82.36% of the stock is owned by institutional investors.
ConocoPhillips Stock Performance
ConocoPhillips stock opened at $118.94 on Friday. The company has a 50 day moving average price of $112.98 and a 200-day moving average price of $114.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a fifty-two week low of $85.57 and a fifty-two week high of $135.87. The company has a market capitalization of $144.90 billion, a PE ratio of 20.19, a P/E/G ratio of 1.43 and a beta of 0.12.
Wall Street Analyst Weigh In
Several brokerages have issued reports on COP. Argus raised their price objective on shares of ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Barclays upped their target price on ConocoPhillips from $136.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. BMO Capital Markets decreased their price target on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Sanford C. Bernstein boosted their price objective on ConocoPhillips from $98.00 to $121.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Finally, Freedom Capital downgraded ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and an average price target of $134.16.
About ConocoPhillips
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.
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