Willis Johnson & Associates Inc. Grows Position in ConocoPhillips (NYSE:COP)

Willis Johnson & Associates Inc. lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,577 shares of the energy producer’s stock after purchasing an additional 230 shares during the quarter. Willis Johnson & Associates Inc.’s holdings in ConocoPhillips were worth $256,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of COP. Albion Financial Group UT raised its position in shares of ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock valued at $25,000 after buying an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in ConocoPhillips during the fourth quarter valued at about $26,000. Centricity Wealth Management LLC bought a new stake in ConocoPhillips during the fourth quarter worth about $27,000. Crowley Wealth Management Inc. bought a new stake in ConocoPhillips during the fourth quarter worth about $32,000. Finally, Marshall Investment Management LLC purchased a new position in shares of ConocoPhillips in the 4th quarter worth about $36,000. 82.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on COP shares. Morgan Stanley raised their price objective on ConocoPhillips from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, May 9th. JPMorgan Chase & Co. decreased their price target on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Piper Sandler lowered their price objective on shares of ConocoPhillips from $114.00 to $107.00 and set an “overweight” rating for the company in a report on Tuesday, May 13th. Barclays reduced their target price on shares of ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada lowered their price target on shares of ConocoPhillips from $133.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $122.74.

ConocoPhillips Trading Down 2.3%

NYSE COP opened at $90.33 on Tuesday. The stock has a market cap of $114.19 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $122.11. The stock has a 50 day simple moving average of $93.09 and a two-hundred day simple moving average of $98.84. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.04. The company had revenue of $16.18 billion during 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 quarter last year, the firm posted $2.05 earnings per share. On average, analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Monday, May 19th. ConocoPhillips’s payout ratio is 39.64%.

ConocoPhillips 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.