12,100 Shares in ConocoPhillips (COP) Purchased by Enlightenment Research LLC

Enlightenment Research LLC bought a new stake in ConocoPhillips (NYSE:COP) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 12,100 shares of the energy producer’s stock, valued at approximately $808,000. ConocoPhillips makes up approximately 1.6% of Enlightenment Research LLC’s holdings, making the stock its 19th biggest holding.

A number of other institutional investors also recently modified their holdings of COP. Pineno Levin & Ford Asset Management Inc. increased its stake in shares of ConocoPhillips by 0.4% during 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 in the last quarter. First Commonwealth Financial Corp PA increased its stake in shares of ConocoPhillips by 2.8% during 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 in the last quarter. Fishman Jay A Ltd. MI increased its stake in shares of ConocoPhillips by 0.4% during 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 in the last quarter. Arete Wealth Advisors LLC increased its stake in shares of ConocoPhillips by 1.5% during 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 in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its stake in shares of ConocoPhillips by 0.5% during 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 in the last quarter. 74.69% of the stock is owned by institutional investors.

A number of analysts recently issued reports on COP shares. Piper Jaffray Companies upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $68.00 to $75.00 in a research report on Thursday, March 21st. Morgan Stanley raised their target price on shares of 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 upgraded shares of ConocoPhillips from a “strong sell” rating to a “hold” rating in a research report on Monday, February 11th. Credit Suisse Group upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and set a $75.00 target price on the stock in a research report on Tuesday, April 30th. Finally, Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and raised their target price for the stock from $76.00 to $82.00 in a research report on Sunday, February 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company. ConocoPhillips presently has a consensus rating of “Buy” and an average price target of $78.60.

Shares of NYSE COP opened at $62.10 on Friday. ConocoPhillips has a 1 year low of $56.75 and a 1 year high of $80.24. The company has a market cap of $70.18 billion, a P/E ratio of 13.56, a PEG ratio of 1.50 and a beta of 1.06. The company has a current ratio of 1.86, a quick ratio of 1.72 and a debt-to-equity ratio of 0.45.

ConocoPhillips (NYSE:COP) last announced its earnings results on Tuesday, April 30th. The energy producer reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.08. The firm had revenue of $10.06 billion for the quarter, compared to analyst estimates of $9.16 billion. ConocoPhillips had a net margin of 18.08% and a return on equity of 16.65%. During the same quarter last year, the business earned $0.96 earnings per share. Sell-side analysts anticipate that ConocoPhillips will post 4.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders 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 dividend yield of 1.96%. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.93%.

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ConocoPhillips Company 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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