Cladis Investment Advisory LLC Buys 236 Shares of ConocoPhillips (NYSE:COP)

Cladis Investment Advisory LLC increased its position in shares of ConocoPhillips (NYSE:COP) by 4.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,435 shares of the energy producer’s stock after purchasing an additional 236 shares during the period. Cladis Investment Advisory LLC’s holdings in ConocoPhillips were worth $539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in COP. Vanguard Group Inc. raised its holdings in ConocoPhillips by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 121,826,062 shares of the energy producer’s stock worth $12,081,491,000 after buying an additional 12,751,120 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of ConocoPhillips by 13.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer’s stock worth $4,546,706,000 after acquiring an additional 5,549,078 shares during the last quarter. Capital International Investors lifted its position in ConocoPhillips by 4.9% in the 4th quarter. Capital International Investors now owns 31,287,113 shares of the energy producer’s stock valued at $3,101,989,000 after acquiring an additional 1,473,027 shares in the last quarter. Geode Capital Management LLC increased its holdings in ConocoPhillips by 13.7% during the 4th quarter. Geode Capital Management LLC now owns 28,131,288 shares of the energy producer’s stock worth $2,792,521,000 after purchasing an additional 3,397,360 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of ConocoPhillips by 37.1% in the fourth quarter. Invesco Ltd. now owns 15,570,246 shares of the energy producer’s stock worth $1,544,101,000 after purchasing an additional 4,211,939 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Analysts Set New Price Targets

COP has been the topic of a number of recent analyst reports. Susquehanna set a $136.00 price target on shares of ConocoPhillips in a research report on Tuesday, April 22nd. The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a research report on Thursday, January 30th. Morgan Stanley reissued an “overweight” rating and issued a $116.00 price objective on shares of ConocoPhillips in a research report on Tuesday, April 15th. Scotiabank decreased their target price on ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Three investment 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.79.

ConocoPhillips Stock Up 0.1 %

NYSE:COP opened at $87.68 on Thursday. The firm has a market capitalization of $110.84 billion, a P/E ratio of 11.26, a PEG ratio of 0.79 and a beta of 0.64. The company’s fifty day moving average price is $93.19 and its 200-day moving average price is $99.66. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $124.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. As a group, equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

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.