Pinnacle Wealth Planning Services Inc. Lowers Holdings in ConocoPhillips (COP)

Pinnacle Wealth Planning Services Inc. decreased its position in shares of ConocoPhillips (NYSE:COP) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,335 shares of the energy producer’s stock after selling 173 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in ConocoPhillips were worth $208,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Smart Portfolios LLC increased its position in shares of ConocoPhillips by 69.5% during the fourth quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock worth $30,000 after purchasing an additional 196 shares in the last quarter. Clarfeld Financial Advisors LLC purchased a new stake in ConocoPhillips in the 4th quarter valued at $32,000. Athena Capital Advisors LLC purchased a new stake in ConocoPhillips in the 4th quarter valued at $32,000. Ironwood Financial llc grew its holdings in ConocoPhillips by 294.1% in the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after buying an additional 400 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new stake in ConocoPhillips in the 4th quarter valued at $47,000. 73.79% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on COP shares. Zacks Investment Research cut ConocoPhillips from a “hold” rating to a “strong sell” rating in a report on Thursday, January 3rd. Bank of America cut ConocoPhillips from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a report on Friday, January 4th. Barclays reaffirmed a “buy” rating and issued a $79.00 price target on shares of ConocoPhillips in a research note on Friday, January 11th. Morgan Stanley set a $77.00 price target on ConocoPhillips and gave the company a “buy” rating in a research note on Tuesday, January 29th. Finally, Goldman Sachs Group raised ConocoPhillips from a “neutral” rating to a “buy” rating and upped their price target for the company from $76.00 to $82.00 in a research note on Sunday, February 3rd. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $79.00.

COP stock traded down $1.19 during mid-day trading on Friday, reaching $62.78. The company had a trading volume of 8,730,278 shares, compared to its average volume of 6,721,358. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.79 and a quick ratio of 1.66. The firm has a market capitalization of $73.00 billion, a P/E ratio of 13.86, a P/E/G ratio of 1.61 and a beta of 1.11. ConocoPhillips has a fifty-two week low of $56.75 and a fifty-two week high of $80.24.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, January 31st. The energy producer reported $1.13 earnings per share (EPS) 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 analyst estimates of $10.60 billion. ConocoPhillips had a return on equity of 16.91% and a net margin of 16.16%. During the same quarter last year, the company earned $0.45 EPS. On average, analysts expect that ConocoPhillips will post 4.12 EPS for the current 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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