Cadinha & Co. LLC Decreases Position in ConocoPhillips (NYSE:COP)

Cadinha & Co. LLC decreased its stake in ConocoPhillips (NYSE:COP) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,058 shares of the energy producer’s stock after selling 302 shares during the period. Cadinha & Co. LLC’s holdings in ConocoPhillips were worth $636,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of COP. Murphy & Mullick Capital Management Corp purchased a new position in ConocoPhillips in the fourth quarter valued at about $26,000. Centricity Wealth Management LLC purchased a new position in ConocoPhillips in the fourth quarter valued at about $27,000. 10Elms LLP purchased a new position in ConocoPhillips in the fourth quarter valued at about $28,000. Crowley Wealth Management Inc. purchased a new position in ConocoPhillips in the fourth quarter valued at about $32,000. Finally, Marshall Investment Management LLC purchased a new position in ConocoPhillips in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on ConocoPhillips from $116.00 to $113.00 and set an “overweight” rating for the company in a report on Wednesday, May 14th. Bank of America reduced their price target on ConocoPhillips from $107.00 to $106.00 and set a “neutral” rating for the company in a report on Friday, May 23rd. The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a report on Thursday, January 30th. Raymond James reissued an “outperform” rating and issued a $109.00 price target (up previously from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. Finally, Susquehanna reduced their target price on ConocoPhillips from $120.00 to $114.00 and set a “positive” rating on the stock in a report on Monday, May 12th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.89.

ConocoPhillips Stock Up 1.1%

Shares of ConocoPhillips stock opened at $85.53 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The business’s 50 day simple moving average is $90.80 and its 200-day simple moving average is $97.62. The stock has a market capitalization of $108.12 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 0.79 and a beta of 0.64. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $118.40.

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

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.65%. ConocoPhillips’s dividend payout ratio (DPR) is presently 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.