Catalina Capital Group LLC Raises Holdings in ConocoPhillips (NYSE:COP)

Catalina Capital Group LLC boosted its stake in ConocoPhillips (NYSE:COPFree Report) by 120.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,109 shares of the energy producer’s stock after buying an additional 3,333 shares during the quarter. Catalina Capital Group LLC’s holdings in ConocoPhillips were worth $778,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Cardinal Capital Management Inc. purchased a new position in ConocoPhillips during the fourth quarter worth about $13,468,000. Columbia Trust Co 01012016 raised its stake in ConocoPhillips by 1.2% during the fourth quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock worth $1,098,000 after purchasing an additional 112 shares during the period. Raymond James & Associates boosted its holdings in shares of ConocoPhillips by 1.5% in the 4th quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer’s stock valued at $181,422,000 after purchasing an additional 23,572 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in shares of ConocoPhillips by 2.2% during the 1st quarter. Harbor Investment Advisory LLC now owns 9,697 shares of the energy producer’s stock valued at $1,234,000 after buying an additional 212 shares during the period. Finally, Quotient Wealth Partners LLC acquired a new stake in shares of ConocoPhillips during the 4th quarter worth $5,594,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

COP has been the topic of a number of research analyst reports. Raymond James reiterated a “strong-buy” rating and issued a $159.00 target price (up previously from $155.00) on shares of ConocoPhillips in a report on Thursday, May 30th. Truist Financial boosted their target price on ConocoPhillips from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 3rd. Piper Sandler raised their price target on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Susquehanna lifted their price target on shares of ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Finally, Morgan Stanley increased their price objective on shares of ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.69.

View Our Latest Research Report on ConocoPhillips

ConocoPhillips Stock Up 1.2 %

COP stock traded up $1.34 during midday trading on Wednesday, hitting $112.53. 3,867,697 shares of the company’s stock were exchanged, compared to its average volume of 5,592,497. The stock has a market capitalization of $131.61 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 2.00 and a beta of 1.23. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average price of $116.08 and a 200-day moving average price of $117.49. ConocoPhillips has a 12-month low of $104.85 and a 12-month high of $135.18.

ConocoPhillips (NYSE:COPGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.04. The firm had revenue of $14.48 billion for the quarter, compared to analysts’ expectations of $14.72 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. On average, analysts anticipate that ConocoPhillips will post 8.89 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were issued a $0.78 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.77%. ConocoPhillips’s dividend payout ratio (DPR) is 26.27%.

About ConocoPhillips

(Free Report)

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.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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