Leigh Baldwin & CO. LLC Takes $25.55 Million Position in ConocoPhillips (NYSE:COP)

Leigh Baldwin & CO. LLC bought a new stake in ConocoPhillips (NYSE:COP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 255,447 shares of the energy producer’s stock, valued at approximately $25,545,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Albion Financial Group UT increased its stake 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 purchasing an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in ConocoPhillips during the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC purchased a new position in ConocoPhillips during the fourth quarter worth approximately $27,000. Crowley Wealth Management Inc. acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $32,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of ConocoPhillips during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Scotiabank cut their price objective on ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Royal Bank of Canada reduced their price target on shares of ConocoPhillips from $133.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Morgan Stanley boosted their price objective on shares of ConocoPhillips from $116.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday. TD Cowen started coverage on shares of ConocoPhillips in a report on Friday, January 17th. They set a “buy” rating and a $125.00 target price on the stock. Finally, Wells Fargo & Company dropped their target price on ConocoPhillips from $131.00 to $116.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.89.

ConocoPhillips Stock Down 0.3%

ConocoPhillips stock opened at $88.58 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $122.56. The firm’s fifty day simple moving average is $93.08 and its 200-day simple moving average is $99.37. The company has a market capitalization of $111.98 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.79 and a beta of 0.64.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. The business had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. During the same period in the prior year, the firm earned $2.05 EPS. Sell-side analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.52%. The ex-dividend date is Monday, May 19th. ConocoPhillips’s dividend 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.