MSH Capital Advisors LLC Takes Position in ConocoPhillips (NYSE:COP)

MSH Capital Advisors LLC bought a new position in shares of ConocoPhillips (NYSE:COP) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 4,945 shares of the energy producer’s stock, valued at approximately $490,000.

A number of other institutional investors have also modified their holdings of the stock. Albion Financial Group UT lifted its holdings in ConocoPhillips by 876.9% in the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock valued at $25,000 after acquiring an additional 228 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in shares of ConocoPhillips during the 4th quarter valued at approximately $26,000. Centricity Wealth Management LLC acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $27,000. Crowley Wealth Management Inc. purchased a new stake in ConocoPhillips during the fourth quarter worth $32,000. Finally, Marshall Investment Management LLC acquired a new stake in ConocoPhillips during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on COP shares. The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research report on Thursday, January 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $116.00 price target on shares of ConocoPhillips in a report on Tuesday. Scotiabank decreased their target price on ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Barclays dropped their target price on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Raymond James lowered ConocoPhillips from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Two 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $128.32.

ConocoPhillips Stock Up 0.7 %

COP stock opened at $86.32 on Thursday. ConocoPhillips has a one year low of $79.88 and a one year high of $130.77. The firm has a market cap of $109.12 billion, a PE ratio of 11.08, a PEG ratio of 0.79 and a beta of 0.83. The firm’s 50 day moving average price is $95.71 and its 200-day moving average price is $101.69. 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 posted its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. On average, equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.61%. ConocoPhillips’s payout ratio is currently 40.05%.

ConocoPhillips Company 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.