ConocoPhillips (NYSE:COP) Position Lifted by Family Management Corp

Family Management Corp grew its stake in shares of ConocoPhillips (NYSE:COP) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,808 shares of the energy producer’s stock after acquiring an additional 681 shares during the period. Family Management Corp’s holdings in ConocoPhillips were worth $378,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of COP. Albion Financial Group UT raised its stake in ConocoPhillips by 876.9% during the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock valued at $25,000 after buying an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips during the fourth quarter worth $26,000. Centricity Wealth Management LLC acquired a new position in ConocoPhillips in the fourth quarter worth $27,000. Crowley Wealth Management Inc. acquired a new position in ConocoPhillips in the fourth quarter worth $32,000. Finally, Retirement Wealth Solutions LLC bought a new stake in ConocoPhillips during the fourth quarter valued at $35,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analysts Set New Price Targets

COP has been the subject of several research reports. Barclays decreased their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating for the company in a report on Wednesday, April 23rd. Royal Bank of Canada decreased their target price on ConocoPhillips from $133.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Susquehanna set a $136.00 target price on ConocoPhillips in a report on Tuesday, April 22nd. The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a report on Thursday, January 30th. Finally, Morgan Stanley restated an “overweight” rating and set a $116.00 price objective on shares of ConocoPhillips in a research note on Tuesday, April 15th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average price target of $124.79.

ConocoPhillips Stock Performance

COP opened at $87.68 on Thursday. The business has a 50 day moving average price of $93.19 and a two-hundred day moving average price of $99.66. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The company has a market capitalization of $110.84 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $124.23.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.06. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Research analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

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.