Sandy Cove Advisors LLC Invests $207,000 in ConocoPhillips (NYSE:COP)

Sandy Cove Advisors LLC acquired a new stake in ConocoPhillips (NYSE:COP) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,627 shares of the energy producer’s stock, valued at approximately $207,000.

Other large investors have also recently bought and sold shares of the company. Cardinal Capital Management Inc. bought a new position in shares of ConocoPhillips during the 4th quarter worth about $13,468,000. Columbia Trust Co 01012016 raised its holdings in shares of ConocoPhillips by 1.2% in the 4th quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock worth $1,098,000 after buying an additional 112 shares in the last quarter. Raymond James & Associates lifted its position in shares of ConocoPhillips by 1.5% during the 4th quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer’s stock worth $181,422,000 after buying an additional 23,572 shares during the period. Harbor Investment Advisory LLC boosted its stake in ConocoPhillips by 2.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 9,697 shares of the energy producer’s stock valued at $1,234,000 after buying an additional 212 shares in the last quarter. Finally, Quotient Wealth Partners LLC bought a new stake in ConocoPhillips in the fourth quarter valued at $5,594,000. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Up 0.4 %

COP traded up $0.41 during trading on Friday, hitting $114.38. The company had a trading volume of 7,191,846 shares, compared to its average volume of 7,011,207. The company has a market capitalization of $133.77 billion, a PE ratio of 12.95, a PEG ratio of 2.04 and a beta of 1.22. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35. ConocoPhillips has a one year low of $99.35 and a one year high of $135.18. The firm’s 50-day moving average price is $118.30 and its 200 day moving average price is $117.58.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data 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. The business had revenue of $14.48 billion during the quarter, compared to the consensus estimate of $14.72 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. As a group, equities analysts expect that ConocoPhillips will post 8.89 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is currently 26.27%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Susquehanna raised their price objective on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Barclays increased their price objective on shares of ConocoPhillips from $158.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Royal Bank of Canada upped their target price on shares of ConocoPhillips from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 15th. StockNews.com raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Scotiabank boosted their target price on ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $144.18.

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.