Vident Advisory LLC Has $3.76 Million Holdings in ConocoPhillips (NYSE:COP)

Vident Advisory LLC increased its holdings in shares of ConocoPhillips (NYSE:COP) by 33.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 37,899 shares of the energy producer’s stock after purchasing an additional 9,418 shares during the period. Vident Advisory LLC’s holdings in ConocoPhillips were worth $3,759,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Albion Financial Group UT raised its holdings in ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of ConocoPhillips in the 4th quarter worth approximately $26,000. Centricity Wealth Management LLC acquired a new position in shares of ConocoPhillips in the 4th quarter worth approximately $27,000. Crowley Wealth Management Inc. acquired a new position in shares of ConocoPhillips in the 4th quarter worth approximately $32,000. Finally, Marshall Investment Management LLC acquired a new position in shares of ConocoPhillips in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Down 0.9%

Shares of COP opened at $89.63 on Wednesday. The firm has a market capitalization of $113.31 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 0.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The business’s fifty day moving average price is $92.96 and its two-hundred day moving average price is $98.77. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $121.73.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.04. The firm had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. During the same period last year, the company earned $2.05 EPS. On average, analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Monday, May 19th. ConocoPhillips’s dividend payout ratio (DPR) is currently 39.64%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Raymond James increased their target price on ConocoPhillips from $103.00 to $109.00 and gave the stock an “outperform” rating in a report on Tuesday. Scotiabank dropped their target price on ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Bank of America cut ConocoPhillips from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $138.00 to $107.00 in a report on Tuesday, April 29th. Finally, Mizuho decreased their price target on ConocoPhillips from $127.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.95.

ConocoPhillips Company Profile

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.