4,388 Shares in ConocoPhillips $COP Bought by Bull Harbor Capital LLC

Bull Harbor Capital LLC purchased a new stake in ConocoPhillips (NYSE:COP) in the first quarter, Holdings Channel.com reports. The fund purchased 4,388 shares of the energy producer’s stock, valued at approximately $579,000.

A number of other hedge funds have also recently bought and sold shares of COP. Concurrent Investment Advisors LLC boosted its stake in ConocoPhillips by 31.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 86,171 shares of the energy producer’s stock worth $8,067,000 after purchasing an additional 20,501 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of ConocoPhillips by 10.5% in the fourth quarter. D.A. Davidson & CO. now owns 155,662 shares of the energy producer’s stock valued at $14,572,000 after buying an additional 14,833 shares in the last quarter. Assetmark Inc. increased its stake in shares of ConocoPhillips by 17.6% in the fourth quarter. Assetmark Inc. now owns 410,229 shares of the energy producer’s stock valued at $38,402,000 after buying an additional 61,361 shares in the last quarter. BXM Wealth LLC raised its holdings in shares of ConocoPhillips by 691.6% in the fourth quarter. BXM Wealth LLC now owns 40,016 shares of the energy producer’s stock valued at $3,746,000 after buying an additional 34,961 shares during the last quarter. Finally, HF Advisory Group LLC lifted its position in ConocoPhillips by 255.7% during the 4th quarter. HF Advisory Group LLC now owns 76,064 shares of the energy producer’s stock worth $7,120,000 after buying an additional 54,679 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COP has been the topic of a number of research analyst reports. Roth Capital raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $124.00 to $130.00 in a report on Monday, June 22nd. Barclays upped their target price on shares of ConocoPhillips from $136.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada set a $130.00 price target on shares of ConocoPhillips in a research note on Monday, June 22nd. BMO Capital Markets lowered their price target on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Finally, Morgan Stanley dropped their price objective on shares of ConocoPhillips from $153.00 to $146.00 and set an “overweight” rating for the company in a research report on Friday, June 26th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.16.

ConocoPhillips Stock Up 0.7%

Shares of ConocoPhillips stock opened at $118.94 on Friday. The business has a fifty day simple moving average of $112.98 and a 200 day simple moving average of $114.89. The stock has a market cap of $144.90 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.43 and a beta of 0.12. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.87.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the prior year, the firm posted $2.09 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. Research analysts predict that ConocoPhillips will post 9.2 EPS for the current year.

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.