CreativeOne Wealth LLC Has $2.28 Million Holdings in ConocoPhillips (NYSE:COP)

CreativeOne Wealth LLC lifted its holdings in ConocoPhillips (NYSE:COP - Free Report) by 131.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,951 shares of the energy producer's stock after buying an additional 13,045 shares during the period. CreativeOne Wealth LLC's holdings in ConocoPhillips were worth $2,276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mariner LLC grew its stake in ConocoPhillips by 19.0% during the 4th quarter. Mariner LLC now owns 303,823 shares of the energy producer's stock valued at $30,127,000 after acquiring an additional 48,432 shares in the last quarter. Cohen & Steers Inc. grew its position in ConocoPhillips by 27.5% during the fourth quarter. Cohen & Steers Inc. now owns 166,882 shares of the energy producer's stock valued at $16,550,000 after purchasing an additional 36,022 shares in the last quarter. Garner Asset Management Corp lifted its position in ConocoPhillips by 11.4% in the 4th quarter. Garner Asset Management Corp now owns 24,579 shares of the energy producer's stock worth $2,438,000 after buying an additional 2,523 shares in the last quarter. SageView Advisory Group LLC boosted its stake in shares of ConocoPhillips by 12.3% during the 4th quarter. SageView Advisory Group LLC now owns 6,310 shares of the energy producer's stock valued at $626,000 after buying an additional 689 shares during the period. Finally, Keystone Financial Group increased its stake in shares of ConocoPhillips by 33.2% in the fourth quarter. Keystone Financial Group now owns 3,159 shares of the energy producer's stock worth $313,000 after acquiring an additional 787 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock traded up $2.60 during trading on Friday, reaching $88.96. The company's stock had a trading volume of 7,804,344 shares, compared to its average volume of 7,108,925. The business's fifty day moving average price is $95.25 and its 200-day moving average price is $101.44. ConocoPhillips has a one year low of $79.88 and a one year high of $130.77. The firm has a market cap of $112.46 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, equities research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's payout ratio is currently 40.05%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Raymond James downgraded ConocoPhillips from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $157.00 to $124.00 in a research note on Monday, February 10th. JPMorgan Chase & Co. lowered their price target on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Barclays dropped their price objective on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Wells Fargo & Company reduced their target price on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Scotiabank dropped their price target on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, ConocoPhillips has an average rating of "Moderate Buy" and a consensus price target of $128.32.

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.