Congress Wealth Management LLC DE Sells 3,978 Shares of ConocoPhillips (NYSE:COP)

Congress Wealth Management LLC DE decreased its holdings in shares of ConocoPhillips (NYSE:COP) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 144,714 shares of the energy producer’s stock after selling 3,978 shares during the period. Congress Wealth Management LLC DE’s holdings in ConocoPhillips were worth $14,351,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Albion Financial Group UT raised 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 worth $25,000 after buying an additional 228 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in shares of ConocoPhillips during the 4th quarter worth $27,000. Truvestments Capital LLC purchased a new position in ConocoPhillips during the third quarter valued at $31,000. Crowley Wealth Management Inc. purchased a new position in shares of ConocoPhillips during the 4th quarter valued at about $32,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of ConocoPhillips in the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Up 0.4 %

NYSE:COP opened at $102.28 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The stock has a market capitalization of $130.14 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.79 and a beta of 1.12. The company’s 50-day simple moving average is $99.17 and its 200-day simple moving average is $103.33. ConocoPhillips has a fifty-two week low of $86.81 and a fifty-two week high of $135.18.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid 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 3.05%. ConocoPhillips’s dividend payout ratio (DPR) is 40.05%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group lowered their price objective on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. TD Cowen began coverage on ConocoPhillips in a research report on Friday, January 17th. They set a “buy” rating and a $125.00 target price on the stock. Raymond James downgraded shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $157.00 to $124.00 in a report on Monday, February 10th. Finally, Mizuho raised ConocoPhillips from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $132.00 to $134.00 in a research report on Monday, December 16th. 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. Based on data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and an average target price of $133.05.

About ConocoPhillips

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.