Mount Yale Investment Advisors LLC Sells 301 Shares of ConocoPhillips (NYSE:COP)

Mount Yale Investment Advisors LLC decreased its stake in shares of ConocoPhillips (NYSE:COP) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,544 shares of the energy producer’s stock after selling 301 shares during the period. Mount Yale Investment Advisors LLC’s holdings in ConocoPhillips were worth $833,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in ConocoPhillips by 35.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,192,580 shares of the energy producer’s stock valued at $4,097,473,000 after purchasing an additional 8,479,963 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in ConocoPhillips by 512.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,737,026 shares of the energy producer’s stock valued at $433,757,000 after acquiring an additional 3,127,165 shares during the last quarter. Alphinity Investment Management Pty Ltd lifted its stake in ConocoPhillips by 78.2% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 4,611,763 shares of the energy producer’s stock valued at $535,287,000 after acquiring an additional 2,023,263 shares during the last quarter. Capital International Investors lifted its stake in ConocoPhillips by 9.6% in the first quarter. Capital International Investors now owns 21,252,822 shares of the energy producer’s stock valued at $2,705,059,000 after acquiring an additional 1,856,085 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in ConocoPhillips by 3,931.3% in the first quarter. Assenagon Asset Management S.A. now owns 1,455,878 shares of the energy producer’s stock valued at $185,304,000 after acquiring an additional 1,419,764 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Up 0.7 %

NYSE:COP traded up $0.79 during mid-day trading on Tuesday, hitting $109.91. 342,022 shares of the company’s stock were exchanged, compared to its average volume of 5,545,329. The company has a 50 day simple moving average of $113.52 and a 200-day simple moving average of $117.19. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. ConocoPhillips has a fifty-two week low of $105.77 and a fifty-two week high of $135.18. The firm has a market capitalization of $128.54 billion, a P/E ratio of 12.36, a PEG ratio of 2.19 and a beta of 1.24.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, topping the consensus estimate of $1.99 by $0.04. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. The business had revenue of $14.48 billion for the quarter, compared to the consensus estimate of $14.72 billion. As a group, research analysts expect that ConocoPhillips will post 8.73 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $3.12 annualized dividend and a yield of 2.84%. ConocoPhillips’s dividend payout ratio is presently 26.27%.

Wall Street Analyst Weigh In

A number of brokerages have commented on COP. Mizuho cut their price target on shares of ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating for the company in a research note on Wednesday, June 5th. Barclays raised their target price on shares of ConocoPhillips from $158.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Scotiabank cut their target price on shares of ConocoPhillips from $135.00 to $120.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Bank of America restated a “buy” rating and set a $147.00 target price on shares of ConocoPhillips in a research note on Friday, June 14th. Finally, Wells Fargo & Company lifted their price objective on shares of ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips currently has a consensus rating of “Moderate Buy” and an average target price of $143.24.

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.