MGO One Seven LLC Grows Position in ConocoPhillips (NYSE:COP)

MGO One Seven LLC raised its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 19.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,037 shares of the energy producer's stock after acquiring an additional 3,437 shares during the quarter. MGO One Seven LLC's holdings in ConocoPhillips were worth $2,086,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Albion Financial Group UT increased its holdings in shares of ConocoPhillips by 876.9% during the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in ConocoPhillips during the 4th quarter valued at approximately $26,000. Centricity Wealth Management LLC purchased a new position in shares of ConocoPhillips in the fourth quarter worth $27,000. Crowley Wealth Management Inc. acquired a new stake in shares of ConocoPhillips during the fourth quarter worth $32,000. Finally, Global Wealth Strategies & Associates lifted its stake in shares of ConocoPhillips by 80.5% during the fourth quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock worth $34,000 after buying an additional 153 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on COP shares. JPMorgan Chase & Co. reduced their price target on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Raymond James downgraded shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $157.00 to $124.00 in a research report on Monday, February 10th. UBS Group cut their price target on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company decreased their price objective on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Barclays reduced their price target on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. 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 stock. According to data from MarketBeat.com, ConocoPhillips currently has an average rating of "Moderate Buy" and a consensus target price of $126.89.

ConocoPhillips Trading Up 1.3 %

NYSE COP traded up $1.20 during trading on Monday, hitting $92.92. The stock had a trading volume of 3,631,525 shares, compared to its average volume of 7,153,197. 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 has a twelve month low of $79.88 and a twelve month high of $130.44. The company has a market capitalization of $117.47 billion, a PE ratio of 11.93, a PEG ratio of 0.79 and a beta of 0.83. The firm has a 50 day moving average price of $94.56 and a 200 day moving average price of $100.52.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (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 forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a $0.78 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.36%. ConocoPhillips's dividend payout ratio (DPR) is 40.05%.

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.