Constant Guidance Financial LLC Buys New Position in ConocoPhillips $COP

Constant Guidance Financial LLC purchased a new position in shares of ConocoPhillips (NYSE:COP) during the first quarter, Holdings Channel reports. The firm purchased 15,835 shares of the energy producer’s stock, valued at approximately $2,090,000. ConocoPhillips makes up about 1.4% of Constant Guidance Financial LLC’s holdings, making the stock its 12th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC lifted its stake in ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after buying an additional 145 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of ConocoPhillips during the fourth quarter worth approximately $25,000. Evergreen Advisors LLC acquired a new position in shares of ConocoPhillips in the 1st quarter valued at $36,000. Strive Asset Management LLC acquired a new position in shares of ConocoPhillips in the 3rd quarter valued at $28,000. Finally, Avalon Trust Co purchased a new stake in ConocoPhillips in the 1st quarter valued at $40,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Price Performance

Shares of COP opened at $114.07 on Wednesday. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $135.87. The stock’s 50 day moving average is $113.10 and its two-hundred day moving average is $114.60. The firm has a market capitalization of $138.97 billion, a PE ratio of 19.37, a P/E/G ratio of 1.40 and a beta of 0.12. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34.

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

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s dividend payout ratio is currently 57.05%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Freedom Capital cut shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Argus upped their target price on shares of ConocoPhillips from $128.00 to $136.00 and gave the company a “buy” rating in a report on Friday, May 15th. Morgan Stanley decreased their target price on shares of ConocoPhillips from $153.00 to $146.00 and set an “overweight” rating for the company in a research note on Friday, June 26th. The Goldman Sachs Group lowered their price target on ConocoPhillips from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ConocoPhillips in a research report on Wednesday, June 3rd. Eighteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $134.16.

ConocoPhillips Company Profile

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.