Dohj LLC Acquires New Shares in ConocoPhillips (NYSE:COP)

Dohj LLC acquired a new stake in ConocoPhillips (NYSE:COP) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,847 shares of the energy producer’s stock, valued at approximately $617,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Capital Wealth Advisors acquired a new stake in ConocoPhillips during the 1st quarter valued at $220,000. Thrive Wealth Management LLC grew its holdings in ConocoPhillips by 8.7% during the 1st quarter. Thrive Wealth Management LLC now owns 3,952 shares of the energy producer’s stock valued at $503,000 after buying an additional 316 shares during the last quarter. Chesley Taft & Associates LLC grew its holdings in ConocoPhillips by 0.5% during the 1st quarter. Chesley Taft & Associates LLC now owns 27,604 shares of the energy producer’s stock valued at $3,513,000 after buying an additional 125 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in ConocoPhillips by 0.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 248,009 shares of the energy producer’s stock valued at $31,567,000 after buying an additional 1,243 shares during the last quarter. Finally, Procyon Advisors LLC boosted its holdings in shares of ConocoPhillips by 1.9% during the first quarter. Procyon Advisors LLC now owns 15,701 shares of the energy producer’s stock worth $1,998,000 after purchasing an additional 291 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on COP shares. Royal Bank of Canada raised their price objective on ConocoPhillips from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Morgan Stanley raised their price objective on ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Raymond James restated a “strong-buy” rating and set a $159.00 price objective (up previously from $155.00) on shares of ConocoPhillips in a report on Thursday, May 30th. Bank of America restated a “buy” rating and set a $147.00 price objective on shares of ConocoPhillips in a report on Friday, June 14th. Finally, Mizuho decreased their price objective on ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.18.

ConocoPhillips Stock Up 0.6 %

NYSE:COP traded up $0.70 during mid-day trading on Friday, hitting $114.67. The company had a trading volume of 1,430,942 shares, compared to its average volume of 5,653,642. The business has a fifty day simple moving average of $118.87 and a 200-day simple moving average of $117.54. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 1 year low of $99.35 and a 1 year high of $135.18. The firm has a market capitalization of $134.11 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 2.02 and a beta of 1.22.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The business had revenue of $14.48 billion for the quarter, compared to analyst estimates of $14.72 billion. Equities analysts forecast that ConocoPhillips will post 8.89 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s payout ratio is 26.27%.

ConocoPhillips 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.