Stokes Family Office LLC Acquires 136 Shares of ConocoPhillips (NYSE:COP)

Stokes Family Office LLC increased its holdings in shares of ConocoPhillips (NYSE:COP) by 6.8% in the first quarter, Holdings Channel.com reports. The fund owned 2,127 shares of the energy producer’s stock after buying an additional 136 shares during the quarter. Stokes Family Office LLC’s holdings in ConocoPhillips were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of COP. Silver Oak Securities Incorporated bought a new stake in shares of ConocoPhillips during the 3rd quarter worth approximately $142,000. EP Wealth Advisors LLC increased its holdings in ConocoPhillips by 1,067.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 23,415 shares of the energy producer’s stock worth $2,805,000 after purchasing an additional 21,410 shares during the period. Banque Pictet & Cie SA purchased a new position in ConocoPhillips during the 3rd quarter worth $970,000. Fidelity D & D Bancorp Inc. purchased a new position in ConocoPhillips during the 3rd quarter worth $357,000. Finally, Tucker Asset Management LLC increased its holdings in ConocoPhillips by 14.3% during the 3rd quarter. Tucker Asset Management LLC now owns 1,539 shares of the energy producer’s stock worth $184,000 after purchasing an additional 193 shares during the period. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Stock Down 0.7 %

COP stock traded down $0.83 on Friday, hitting $113.16. 4,505,291 shares of the company’s stock were exchanged, compared to its average volume of 5,586,147. ConocoPhillips has a 12-month low of $105.77 and a 12-month high of $135.18. The firm has a 50 day moving average price of $115.50 and a two-hundred day moving average price of $117.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a market cap of $132.34 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 2.01 and a beta of 1.23.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, May 2nd. The energy producer reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.04. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The firm had revenue of $14.48 billion for the quarter, compared to the consensus estimate of $14.72 billion. As a group, equities research analysts expect that ConocoPhillips will post 8.89 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were given a dividend of $0.78 per share. The ex-dividend date was Friday, May 10th. This represents a $3.12 dividend on an annualized basis and a yield of 2.76%. ConocoPhillips’s dividend payout ratio is currently 26.27%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank of Canada raised their price objective on ConocoPhillips from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Scotiabank reduced their price objective on ConocoPhillips from $135.00 to $120.00 and set a “sector perform” rating on the stock in a report on Friday. Argus upgraded ConocoPhillips to a “strong-buy” rating in a report on Friday, June 7th. Susquehanna lifted their price target on ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Finally, Mizuho cut their price target on ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.75.

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.