24,097 Shares in ConocoPhillips (COP) Acquired by Ibex Wealth Advisors

Ibex Wealth Advisors acquired a new stake in shares of ConocoPhillips (NYSE:COP) during the 1st quarter, Holdings Channel reports. The fund acquired 24,097 shares of the energy producer’s stock, valued at approximately $1,608,000.

A number of other institutional investors have also recently bought and sold shares of COP. Lenox Wealth Advisors LLC bought a new stake in shares of ConocoPhillips in the 1st quarter worth approximately $27,000. Smart Portfolios LLC boosted its position in shares of ConocoPhillips by 69.5% in the 4th 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. Athena Capital Advisors LLC bought a new stake in shares of ConocoPhillips in the 4th quarter worth approximately $32,000. Clarfeld Financial Advisors LLC bought a new stake in shares of ConocoPhillips in the 4th quarter worth approximately $32,000. Finally, Ironwood Financial llc boosted its position in shares of ConocoPhillips by 294.1% in the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock worth $33,000 after purchasing an additional 400 shares in the last quarter. 74.23% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on COP shares. Barclays reissued a “buy” rating and issued a $79.00 price target on shares of ConocoPhillips in a research report on Friday, January 11th. Goldman Sachs Group raised ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $82.00 in a research report on Sunday, February 3rd. Zacks Investment Research raised ConocoPhillips from a “strong sell” rating to a “hold” rating in a research report on Monday, February 11th. Morgan Stanley boosted their price target on ConocoPhillips from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Finally, Piper Jaffray Companies raised ConocoPhillips from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $68.00 to $75.00 in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $78.20.

Shares of NYSE COP opened at $61.54 on Friday. ConocoPhillips has a twelve month low of $56.75 and a twelve month high of $80.24. The company has a market capitalization of $69.77 billion, a P/E ratio of 13.58, a PEG ratio of 1.49 and a beta of 1.06. The company has a quick ratio of 1.72, a current ratio of 1.86 and a debt-to-equity ratio of 0.45.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Tuesday, April 30th. The energy producer reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. ConocoPhillips had a net margin of 18.08% and a return on equity of 16.65%. The company had revenue of $10.06 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same period in the previous year, the business earned $0.96 EPS. Sell-side analysts expect that ConocoPhillips will post 4.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be issued a $0.305 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.22 dividend on an annualized basis and a yield of 1.98%. ConocoPhillips’s payout ratio is currently 26.93%.

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About ConocoPhillips

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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