Guardian Wealth Management Inc. Has $1.82 Million Holdings in ConocoPhillips (NYSE:COP)

Guardian Wealth Management Inc. lowered its position in ConocoPhillips (NYSE:COP - Free Report) by 34.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,362 shares of the energy producer's stock after selling 9,594 shares during the period. ConocoPhillips accounts for 1.2% of Guardian Wealth Management Inc.'s portfolio, making the stock its 29th largest holding. Guardian Wealth Management Inc.'s holdings in ConocoPhillips were worth $1,821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of ConocoPhillips by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 121,826,062 shares of the energy producer's stock valued at $12,081,491,000 after buying an additional 12,751,120 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in ConocoPhillips by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock worth $4,546,706,000 after acquiring an additional 5,549,078 shares during the last quarter. Invesco Ltd. increased its position in ConocoPhillips by 37.1% in the 4th quarter. Invesco Ltd. now owns 15,570,246 shares of the energy producer's stock valued at $1,544,101,000 after acquiring an additional 4,211,939 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of ConocoPhillips by 401.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,423,611 shares of the energy producer's stock valued at $438,690,000 after purchasing an additional 3,541,504 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in ConocoPhillips by 13.7% in the 4th quarter. Geode Capital Management LLC now owns 28,131,288 shares of the energy producer's stock worth $2,792,521,000 after purchasing an additional 3,397,360 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Trading Up 0.2 %

NYSE COP opened at $89.95 on Thursday. The business's fifty day moving average is $94.76 and its 200 day moving average is $100.95. The company has a market cap of $113.72 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $130.77. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates 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, sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.78 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.47%. ConocoPhillips's payout ratio is 40.05%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on COP. Raymond James downgraded shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $157.00 to $124.00 in a research report on Monday, February 10th. Wells Fargo & Company dropped their price objective on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. UBS Group cut their price target on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. TD Cowen initiated coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They set a "buy" rating and a $125.00 price objective on the stock. Finally, Barclays cut their price objective on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, ConocoPhillips currently has a consensus rating of "Moderate Buy" and an average target price of $126.89.

About ConocoPhillips

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.