Vanguard Capital Wealth Advisors Buys Shares of 1,727 ConocoPhillips (NYSE:COP)

Vanguard Capital Wealth Advisors purchased a new position in ConocoPhillips (NYSE:COP) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 1,727 shares of the energy producer’s stock, valued at approximately $220,000.

A number of other institutional investors have also made changes to their positions in the stock. Cardinal Capital Management Inc. acquired a new position in shares of ConocoPhillips during the 4th quarter worth about $13,468,000. Columbia Trust Co 01012016 raised its holdings in ConocoPhillips by 1.2% in the fourth quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock worth $1,098,000 after purchasing an additional 112 shares during the period. Raymond James & Associates boosted its position in shares of ConocoPhillips by 1.5% during the fourth quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer’s stock worth $181,422,000 after purchasing an additional 23,572 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of ConocoPhillips by 2.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 9,697 shares of the energy producer’s stock valued at $1,234,000 after buying an additional 212 shares during the period. Finally, Quotient Wealth Partners LLC bought a new stake in shares of ConocoPhillips in the 4th quarter valued at $5,594,000. 82.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COP has been the topic of several recent analyst reports. Mizuho reduced their target price on ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. Royal Bank of Canada lifted their price objective on shares of ConocoPhillips from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, May 15th. Argus upgraded shares of ConocoPhillips to a “strong-buy” rating in a research note on Friday, June 7th. Scotiabank increased their price target on ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, Wells Fargo & Company upped their price target on shares of ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and an average price target of $144.18.

ConocoPhillips Trading Up 0.3 %

COP stock traded up $0.31 during mid-day trading on Friday, reaching $114.28. The company’s stock had a trading volume of 644,531 shares, compared to its average volume of 5,647,300. ConocoPhillips has a 12 month low of $99.35 and a 12 month high of $135.18. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average price is $118.87 and its 200 day moving average price is $117.54. The company has a market cap of $133.65 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 2.02 and a beta of 1.22.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.04. The company had revenue of $14.48 billion during the quarter, compared to analyst estimates of $14.72 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. On average, equities research analysts predict that ConocoPhillips will post 8.89 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is currently 26.27%.

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.