Proficio Capital Partners LLC Acquires 2,591 Shares of ConocoPhillips (NYSE:COP)

Proficio Capital Partners LLC lifted its holdings in ConocoPhillips (NYSE:COP - Free Report) by 21.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,733 shares of the energy producer's stock after purchasing an additional 2,591 shares during the period. Proficio Capital Partners LLC's holdings in ConocoPhillips were worth $1,461,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. State Street Corp grew its position in ConocoPhillips by 19.0% in the 3rd quarter. State Street Corp now owns 66,928,793 shares of the energy producer's stock worth $7,046,263,000 after purchasing an additional 10,663,093 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of ConocoPhillips by 20.2% in the third quarter. Wellington Management Group LLP now owns 31,161,897 shares of the energy producer's stock valued at $3,280,725,000 after buying an additional 5,240,016 shares during the period. Geode Capital Management LLC lifted its stake in shares of ConocoPhillips by 3.9% in the third quarter. Geode Capital Management LLC now owns 24,733,928 shares of the energy producer's stock valued at $2,601,639,000 after buying an additional 924,289 shares during the period. Fisher Asset Management LLC grew its position in ConocoPhillips by 10.6% during the fourth quarter. Fisher Asset Management LLC now owns 13,780,782 shares of the energy producer's stock worth $1,366,640,000 after buying an additional 1,324,771 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in ConocoPhillips by 12.5% during the third quarter. Franklin Resources Inc. now owns 13,557,351 shares of the energy producer's stock valued at $1,469,163,000 after acquiring an additional 1,506,599 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

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ConocoPhillips Price Performance

Shares of ConocoPhillips stock traded up $0.36 during trading on Monday, reaching $102.28. The company's stock had a trading volume of 6,767,364 shares, compared to its average volume of 6,434,778. ConocoPhillips has a one year low of $86.81 and a one year high of $135.18. The stock has a 50-day moving average price of $99.21 and a two-hundred day moving average price of $103.37. The stock has a market capitalization of $130.14 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The company has a current ratio of 1.29, a quick ratio of 1.14 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 (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, sell-side analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.05%. ConocoPhillips's payout ratio is 40.05%.

Wall Street Analyst Weigh In

A number of analysts have commented on COP shares. Evercore ISI reiterated an "outperform" rating and issued a $165.00 price objective on shares of ConocoPhillips in a research report on Friday, December 6th. Raymond James downgraded shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Truist Financial increased their price objective on shares of ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Wells Fargo & Company reduced their price objective on shares of ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Finally, Mizuho raised shares of ConocoPhillips from a "neutral" rating to an "outperform" rating and upped their target price for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Two investment 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 a consensus rating of "Moderate Buy" and an average target price of $133.05.

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.