WCG Wealth Advisors LLC Boosts Stake in ConocoPhillips (NYSE:COP)

WCG Wealth Advisors LLC boosted its holdings in ConocoPhillips (NYSE:COP) by 5.6% in the 4th quarter, HoldingsChannel reports. The fund owned 20,642 shares of the energy producer’s stock after acquiring an additional 1,088 shares during the quarter. WCG Wealth Advisors LLC’s holdings in ConocoPhillips were worth $2,047,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COP. Murphy & Mullick Capital Management Corp purchased a new position in shares of ConocoPhillips in the 4th quarter valued at about $26,000. Centricity Wealth Management LLC acquired a new position in ConocoPhillips during the fourth quarter worth about $27,000. 10Elms LLP acquired a new position in ConocoPhillips during the fourth quarter worth about $28,000. Crowley Wealth Management Inc. purchased a new position in ConocoPhillips in the fourth quarter valued at about $32,000. Finally, DiNuzzo Private Wealth Inc. lifted its position in shares of ConocoPhillips by 310.1% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 365 shares of the energy producer’s stock valued at $36,000 after acquiring an additional 276 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

Shares of COP opened at $85.19 on Friday. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $119.23. The company’s 50 day simple moving average is $92.15 and its 200 day simple moving average is $98.37. The company has a market capitalization of $107.69 billion, a price-to-earnings ratio of 10.94, 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.

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

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.66%. ConocoPhillips’s payout ratio is currently 39.64%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Bank of America lowered their price target on ConocoPhillips from $107.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday. Royal Bank of Canada lowered their target price on ConocoPhillips from $133.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Susquehanna cut their price target on ConocoPhillips from $120.00 to $114.00 and set a “positive” rating for the company in a research note on Monday, May 12th. Wells Fargo & Company decreased their price objective on shares of ConocoPhillips from $116.00 to $113.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 14th. Finally, Mizuho dropped their target price on shares of ConocoPhillips from $127.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $121.89.

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.