Mutual Advisors LLC Sells 1,855 Shares of ConocoPhillips (COP)

Mutual Advisors LLC reduced its stake in ConocoPhillips (NYSE:COP) by 32.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,814 shares of the energy producer’s stock after selling 1,855 shares during the quarter. Mutual Advisors LLC’s holdings in ConocoPhillips were worth $238,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vista Investment Management increased its holdings in ConocoPhillips by 3.4% during the 4th quarter. Vista Investment Management now owns 10,442 shares of the energy producer’s stock valued at $651,000 after acquiring an additional 348 shares in the last quarter. National Pension Service boosted its position in shares of ConocoPhillips by 6.0% in the fourth quarter. National Pension Service now owns 1,151,387 shares of the energy producer’s stock worth $79,561,000 after acquiring an additional 65,367 shares during the last quarter. Peak Asset Management LLC boosted its position in shares of ConocoPhillips by 4.7% in the fourth quarter. Peak Asset Management LLC now owns 106,314 shares of the energy producer’s stock worth $6,629,000 after acquiring an additional 4,781 shares during the last quarter. M Holdings Securities Inc. lifted its position in ConocoPhillips by 6.8% during the fourth quarter. M Holdings Securities Inc. now owns 6,659 shares of the energy producer’s stock valued at $415,000 after buying an additional 424 shares in the last quarter. Finally, AE Wealth Management LLC lifted its position in ConocoPhillips by 43.6% during the fourth quarter. AE Wealth Management LLC now owns 18,028 shares of the energy producer’s stock valued at $1,124,000 after buying an additional 5,475 shares in the last quarter. Hedge funds and other institutional investors own 73.59% of the company’s stock.

A number of research analysts have weighed in on COP shares. Piper Jaffray Companies raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $68.00 to $75.00 in a research report on Thursday, March 21st. Zacks Investment Research lowered shares of ConocoPhillips from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 3rd. Morgan Stanley lifted their price objective on shares of ConocoPhillips from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Barclays restated a “buy” rating and issued a $79.00 price target on shares of ConocoPhillips in a research note on Friday, January 11th. Finally, Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $76.00 to $82.00 in a research note on Sunday, February 3rd. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $79.00.

NYSE COP traded up $0.12 on Friday, hitting $65.90. 6,033,432 shares of the company were exchanged, compared to its average volume of 6,713,622. The company has a current ratio of 1.79, a quick ratio of 1.66 and a debt-to-equity ratio of 0.46. The company has a market cap of $74.76 billion, a PE ratio of 14.55, a PEG ratio of 1.67 and a beta of 1.11. ConocoPhillips has a twelve month low of $56.75 and a twelve month high of $80.24.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, January 31st. The energy producer reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.60 billion. ConocoPhillips had a return on equity of 16.91% and a net margin of 16.16%. During the same quarter in the prior year, the company earned $0.45 EPS. Research analysts forecast that ConocoPhillips will post 3.96 EPS for the current fiscal year.

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ConocoPhillips Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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