Stenger Family Office LLC Acquires Shares of 15,414 ConocoPhillips (NYSE:COP)

Stenger Family Office LLC bought a new position in shares of ConocoPhillips (NYSE:COP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,414 shares of the energy producer's stock, valued at approximately $1,529,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orrstown Financial Services Inc. boosted its position in shares of ConocoPhillips by 3.0% in the fourth quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after acquiring an additional 96 shares during the period. Principle Wealth Partners LLC raised its stake in ConocoPhillips by 0.3% during the 4th quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock valued at $3,695,000 after purchasing an additional 100 shares during the last quarter. Arlington Trust Co LLC boosted its holdings in ConocoPhillips by 1.2% in the 4th quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock valued at $857,000 after purchasing an additional 102 shares during the period. Courier Capital LLC grew its position in ConocoPhillips by 0.5% in the 4th quarter. Courier Capital LLC now owns 20,481 shares of the energy producer's stock worth $2,031,000 after purchasing an additional 103 shares during the last quarter. Finally, Gray Wealth Management Inc. increased its holdings in shares of ConocoPhillips by 5.0% during the 4th quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock worth $215,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Price Performance

COP stock traded up $2.60 during midday trading on Friday, reaching $88.96. 7,804,344 shares of the company's stock traded hands, compared to its average volume of 7,121,471. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market cap of $112.46 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.79 and a beta of 0.83. The company has a 50-day simple moving average of $95.25 and a two-hundred day simple moving average of $101.30. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $130.77.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (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%. On average, analysts anticipate 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. Stockholders of record on Monday, February 17th were given a dividend of $0.78 per share. The ex-dividend date was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.51%. ConocoPhillips's payout ratio is 40.05%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on COP shares. Scotiabank reduced their target price on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Royal Bank of Canada decreased their price objective on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. lowered their price objective on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. TD Cowen began coverage on ConocoPhillips in a research report on Friday, January 17th. They issued a "buy" rating and a $125.00 target price for the company. Finally, Wells Fargo & Company lowered their price target on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned 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 price target of $128.32.

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.