Cetera Advisor Networks LLC trimmed its holdings in shares of ConocoPhillips (NYSE:COP) by 3.0% in the 1st quarter, Holdings Channel reports. The firm owned 38,494 shares of the energy producer’s stock after selling 1,206 shares during the quarter. Cetera Advisor Networks LLC’s holdings in ConocoPhillips were worth $2,567,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in COP. Lenox Wealth Advisors LLC bought a new stake in shares of ConocoPhillips during the first quarter worth $27,000. Smart Portfolios LLC increased its stake in shares of ConocoPhillips by 69.5% during the fourth quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock valued at $30,000 after buying an additional 196 shares during the period. Athena Capital Advisors LLC purchased a new position in shares of ConocoPhillips during the fourth quarter valued at $32,000. Clarfeld Financial Advisors LLC purchased a new position in shares of ConocoPhillips during the fourth quarter valued at $32,000. Finally, Ironwood Financial llc increased its stake in shares of ConocoPhillips by 294.1% during the fourth quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 74.69% of the company’s stock.

COP opened at $62.10 on Monday. ConocoPhillips has a 1 year low of $56.75 and a 1 year high of $80.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.72 and a current ratio of 1.86. The stock has a market capitalization of $70.18 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.50 and a beta of 1.06.

ConocoPhillips (NYSE:COP) last posted its earnings results on Tuesday, April 30th. The energy producer reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.08. ConocoPhillips had a return on equity of 16.65% and a net margin of 18.08%. The company had revenue of $10.06 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Sell-side analysts predict that ConocoPhillips will post 4.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.22 annualized dividend and a yield of 1.96%. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.93%.

Several equities analysts have recently commented on the company. Morgan Stanley raised their price target on ConocoPhillips from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Investment Research upgraded ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research note on Wednesday, March 13th. Piper Jaffray Companies restated a “hold” rating on shares of ConocoPhillips in a research note on Tuesday, February 12th. Credit Suisse Group lowered ConocoPhillips from an “outperform” rating to a “neutral” rating and set a $64.00 price target on the stock. in a research note on Wednesday, May 1st. Finally, Goldman Sachs Group upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and raised their price target for the company from $76.00 to $82.00 in a research note on Sunday, February 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. ConocoPhillips has an average rating of “Buy” and a consensus target price of $78.60.

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ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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