Signature Estate & Investment Advisors LLC Grows Position in ConocoPhillips (NYSE:COP)

Signature Estate & Investment Advisors LLC increased its position in ConocoPhillips (NYSE:COP) by 10.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,252 shares of the energy producer’s stock after buying an additional 402 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in ConocoPhillips were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in COP. Centaurus Financial Inc. boosted its holdings in shares of ConocoPhillips by 23.9% during the third quarter. Centaurus Financial Inc. now owns 3,820 shares of the energy producer’s stock worth $402,000 after purchasing an additional 737 shares during the period. Loomis Sayles & Co. L P raised its position in ConocoPhillips by 6.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,953 shares of the energy producer’s stock valued at $206,000 after purchasing an additional 121 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in ConocoPhillips by 12.7% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 5,616 shares of the energy producer’s stock worth $591,000 after buying an additional 631 shares during the period. Truvestments Capital LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter worth approximately $31,000. Finally, Private Trust Co. NA increased its stake in shares of ConocoPhillips by 5.0% during the third quarter. Private Trust Co. NA now owns 8,006 shares of the energy producer’s stock valued at $843,000 after buying an additional 382 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Barclays dropped their target price on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $132.00 to $134.00 in a research report on Monday, December 16th. Wells Fargo & Company decreased their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Raymond James cut ConocoPhillips from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $157.00 to $124.00 in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.05.

ConocoPhillips Price Performance

COP opened at $103.15 on Thursday. The firm has a market cap of $131.25 billion, a PE ratio of 13.24, a P/E/G ratio of 0.79 and a beta of 1.12. The stock has a 50-day moving average price of $99.08 and a 200-day moving average price of $103.31. ConocoPhillips has a 1 year low of $86.81 and a 1 year high of $135.18. 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 issued its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a $0.78 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.02%. ConocoPhillips’s dividend payout ratio (DPR) is presently 40.05%.

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.