Foundations Investment Advisors LLC Raises Stock Holdings in ConocoPhillips (NYSE:COP)

Foundations Investment Advisors LLC raised its position in shares of ConocoPhillips (NYSE:COP) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,911 shares of the energy producer’s stock after acquiring an additional 510 shares during the period. Foundations Investment Advisors LLC’s holdings in ConocoPhillips were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. 10Elms LLP purchased a new stake in ConocoPhillips during the 4th quarter valued at $28,000. Garde Capital Inc. purchased a new stake in ConocoPhillips during the 1st quarter valued at $35,000. IMA Advisory Services Inc. purchased a new stake in ConocoPhillips during the 1st quarter valued at $37,000. Fourth Dimension Wealth LLC purchased a new stake in ConocoPhillips during the 4th quarter valued at $39,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in ConocoPhillips during the 1st quarter valued at $42,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Kirk L. Johnson acquired 5,300 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The shares were bought at an average price of $94.24 per share, with a total value of $499,472.00. Following the completion of the transaction, the executive vice president directly owned 14,527 shares in the company, valued at $1,369,024.48. This trade represents a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on COP. Susquehanna decreased their price target on ConocoPhillips from $114.00 to $113.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. Raymond James Financial increased their price target on ConocoPhillips from $109.00 to $117.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Morgan Stanley restated an “overweight” rating and set a $119.00 price target on shares of ConocoPhillips in a report on Tuesday, July 15th. UBS Group increased their target price on ConocoPhillips from $111.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, Citigroup reduced their target price on ConocoPhillips from $140.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, June 11th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $121.33.

ConocoPhillips Price Performance

COP opened at $98.04 on Wednesday. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $116.08. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $91.44 and its 200-day simple moving average is $94.28. The company has a market capitalization of $123.93 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 2.53 and a beta of 0.61.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.04. ConocoPhillips had a return on equity of 16.54% and a net margin of 16.02%. The company had revenue of $16.18 billion for the quarter, compared to the consensus estimate of $15.74 billion. During the same quarter last year, the company earned $2.05 earnings per share. On average, equities research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date was Monday, May 19th. ConocoPhillips’s payout ratio is currently 39.64%.

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.