Stamos Capital Partners L.P. Grows Stock Holdings in ConocoPhillips (NYSE:COP)

Stamos Capital Partners L.P. lifted its position in ConocoPhillips (NYSE:COP - Free Report) by 40.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,890 shares of the energy producer's stock after acquiring an additional 3,700 shares during the period. Stamos Capital Partners L.P.'s holdings in ConocoPhillips were worth $1,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Albion Financial Group UT increased its holdings in shares of ConocoPhillips by 876.9% in the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after purchasing an additional 228 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in ConocoPhillips in the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC acquired a new position in ConocoPhillips in the 4th quarter worth approximately $27,000. Crowley Wealth Management Inc. purchased a new position in ConocoPhillips during the 4th quarter worth approximately $32,000. Finally, Marshall Investment Management LLC purchased a new position in ConocoPhillips during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on COP shares. UBS Group cut their price objective on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research note on Tuesday. Royal Bank of Canada cut their price target on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday. Raymond James cut ConocoPhillips from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $157.00 to $124.00 in a report on Monday, February 10th. Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $132.00 to $134.00 in a research report on Monday, December 16th. Finally, Morgan Stanley restated an "overweight" rating and issued a $116.00 price objective on shares of ConocoPhillips in a research report on Tuesday. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $128.32.

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ConocoPhillips Price Performance

Shares of COP stock traded down $0.76 on Tuesday, reaching $85.69. 5,739,237 shares of the company were exchanged, compared to its average volume of 7,070,399. The company has a market cap of $108.33 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 0.79 and a beta of 0.83. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $130.80. The business has a 50-day moving average price of $95.95 and a 200 day moving average price of $101.80. 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 announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS 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%. Equities research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.64%. ConocoPhillips's dividend payout ratio (DPR) is presently 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.