Compound Planning Inc. Raises Holdings in ConocoPhillips $COP

Compound Planning Inc. lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 145.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,984 shares of the energy producer’s stock after purchasing an additional 24,886 shares during the quarter. Compound Planning Inc.’s holdings in ConocoPhillips were worth $5,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Klingman & Associates LLC increased its holdings in ConocoPhillips by 5.6% during the 1st quarter. Klingman & Associates LLC now owns 3,221 shares of the energy producer’s stock worth $425,000 after purchasing an additional 172 shares during the period. Keebeck Wealth Management purchased a new position in shares of ConocoPhillips in the 1st quarter valued at about $397,000. Volterra Technologies LP acquired a new position in shares of ConocoPhillips during the first quarter worth about $2,946,000. Arrowstreet Capital Limited Partnership grew its position in shares of ConocoPhillips by 46,105.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,310,281 shares of the energy producer’s stock worth $304,957,000 after buying an additional 2,305,281 shares in the last quarter. Finally, Inceptionr LLC increased its stake in shares of ConocoPhillips by 4.1% during the first quarter. Inceptionr LLC now owns 13,628 shares of the energy producer’s stock worth $1,799,000 after buying an additional 533 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Barclays boosted their target price on shares of ConocoPhillips from $136.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. UBS Group dropped their target price on ConocoPhillips from $155.00 to $143.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Roth Capital upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and raised their price target for the company from $124.00 to $130.00 in a research note on Monday, June 22nd. Finally, Jefferies Financial Group lifted their price target on ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Eighteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and a consensus target price of $134.16.

ConocoPhillips Stock Up 1.3%

COP stock opened at $120.30 on Friday. The company has a market cap of $146.56 billion, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 1.43 and a beta of 0.12. The company has a fifty day moving average price of $113.54 and a 200 day moving average price of $114.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.87.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The company’s revenue was down 6.1% on a year-over-year basis. During the same period last year, the business posted $2.09 EPS. Sell-side analysts expect that ConocoPhillips will post 9.2 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were paid a $0.84 dividend. The ex-dividend date was Monday, May 11th. This represents a $3.36 annualized dividend and a dividend yield of 2.8%. ConocoPhillips’s dividend payout ratio (DPR) is 57.05%.

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.