ConocoPhillips (COP) Position Trimmed by Oakwood Capital Management LLC CA

Oakwood Capital Management LLC CA lowered its stake in ConocoPhillips (NYSE:COP) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,343 shares of the energy producer’s stock after selling 2,152 shares during the period. ConocoPhillips accounts for approximately 2.4% of Oakwood Capital Management LLC CA’s holdings, making the stock its 17th biggest holding. Oakwood Capital Management LLC CA’s holdings in ConocoPhillips were worth $5,763,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Pineno Levin & Ford Asset Management Inc. raised its position in shares of ConocoPhillips by 0.4% in the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 37,800 shares of the energy producer’s stock worth $2,357,000 after purchasing an additional 150 shares during the last quarter. First Commonwealth Financial Corp PA raised its position in shares of ConocoPhillips by 2.8% in the 4th quarter. First Commonwealth Financial Corp PA now owns 5,454 shares of the energy producer’s stock worth $340,000 after purchasing an additional 150 shares during the last quarter. Fishman Jay A Ltd. MI raised its position in shares of ConocoPhillips by 0.4% in the 4th quarter. Fishman Jay A Ltd. MI now owns 38,267 shares of the energy producer’s stock worth $2,386,000 after purchasing an additional 152 shares during the last quarter. Arete Wealth Advisors LLC raised its position in shares of ConocoPhillips by 1.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 10,832 shares of the energy producer’s stock worth $675,000 after purchasing an additional 158 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its position in shares of ConocoPhillips by 0.5% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 34,226 shares of the energy producer’s stock worth $2,284,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 74.23% of the company’s stock.

Shares of NYSE:COP opened at $61.54 on Friday. ConocoPhillips has a fifty-two week low of $56.75 and a fifty-two week high of $80.24. The company has a quick ratio of 1.72, a current ratio of 1.86 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $69.77 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 1.49 and a beta of 1.06.

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

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is 26.93%.

Several equities analysts have recently issued reports on COP shares. Piper Jaffray Companies raised ConocoPhillips from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $68.00 to $75.00 in a research report on Thursday, March 21st. Morgan Stanley lifted 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. Zacks Investment Research raised ConocoPhillips from a “strong sell” rating to a “hold” rating in a research report on Monday, February 11th. Credit Suisse Group raised ConocoPhillips from a “neutral” rating to an “outperform” rating and set a $75.00 price target for the company in a research report on Tuesday, April 30th. Finally, Barclays reaffirmed a “buy” rating and issued a $79.00 price target on shares of ConocoPhillips in a research report on Friday, January 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $78.20.

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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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