ConocoPhillips (NYSE:COP) Shares Purchased by KCM Investment Advisors LLC

KCM Investment Advisors LLC raised its stake in ConocoPhillips (NYSE:COP) by 13.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,614 shares of the energy producer’s stock after buying an additional 1,351 shares during the quarter. KCM Investment Advisors LLC’s holdings in ConocoPhillips were worth $1,152,000 as of its most recent filing with the Securities & Exchange Commission.

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

ConocoPhillips Stock Down 9.5 %

Shares of ConocoPhillips stock opened at $86.18 on Friday. ConocoPhillips has a 12-month low of $85.55 and a 12-month high of $135.18. The firm has a market capitalization of $108.95 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $98.53 and its 200-day moving average is $103.10.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data 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 return on equity of 17.26% and a net margin of 16.23%. Equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company also recently declared 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 dividend yield of 3.62%. ConocoPhillips’s dividend payout ratio (DPR) is presently 40.05%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COP. JPMorgan Chase & Co. cut their price target on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. UBS Group decreased their price target on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company cut their price objective on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a research note on Thursday, January 30th. Finally, Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $132.00 to $134.00 in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.95.

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.