Proficio Capital Partners LLC Buys 2,591 Shares of ConocoPhillips (NYSE:COP)

Proficio Capital Partners LLC boosted its stake in ConocoPhillips (NYSE:COP) by 21.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 14,733 shares of the energy producer’s stock after acquiring an additional 2,591 shares during the quarter. Proficio Capital Partners LLC’s holdings in ConocoPhillips were worth $1,461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in COP. Banque Cantonale Vaudoise lifted its holdings in ConocoPhillips by 20.7% during the 3rd quarter. Banque Cantonale Vaudoise now owns 9,332 shares of the energy producer’s stock worth $982,000 after buying an additional 1,598 shares during the period. Prospera Private Wealth LLC lifted its holdings in ConocoPhillips by 221.9% during the 3rd quarter. Prospera Private Wealth LLC now owns 5,668 shares of the energy producer’s stock worth $597,000 after buying an additional 3,907 shares during the period. Howe & Rusling Inc. lifted its holdings in ConocoPhillips by 4.3% during the 3rd quarter. Howe & Rusling Inc. now owns 4,389 shares of the energy producer’s stock worth $462,000 after buying an additional 179 shares during the period. Cornerstone Advisors LLC lifted its holdings in ConocoPhillips by 10.5% during the 3rd quarter. Cornerstone Advisors LLC now owns 64,000 shares of the energy producer’s stock worth $6,738,000 after buying an additional 6,100 shares during the period. Finally, King Luther Capital Management Corp lifted its holdings in ConocoPhillips by 2.5% during the 3rd quarter. King Luther Capital Management Corp now owns 2,316,602 shares of the energy producer’s stock worth $243,892,000 after buying an additional 56,696 shares during the period. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

Shares of COP opened at $102.25 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The stock has a 50 day moving average price of $99.21 and a two-hundred day moving average price of $103.53. The firm has a market capitalization of $130.09 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.79 and a beta of 1.12. ConocoPhillips has a 52 week low of $86.81 and a 52 week high of $135.18.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips’s dividend payout ratio is currently 40.05%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Truist Financial lifted their target price on ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, January 13th. The Goldman Sachs Group set a $132.00 price objective on ConocoPhillips in a research note on Thursday, January 30th. UBS Group dropped their price objective on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Raymond James downgraded ConocoPhillips from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $157.00 to $124.00 in a research note on Monday, February 10th. Finally, Mizuho raised ConocoPhillips from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus target price of $133.05.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.