Leonard Rickey Investment Advisors P.L.L.C. Raises Stock Position in ConocoPhillips (NYSE:COP)

Leonard Rickey Investment Advisors P.L.L.C. boosted its position in shares of ConocoPhillips (NYSE:COP) by 6.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,251 shares of the energy producer’s stock after acquiring an additional 146 shares during the period. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in ConocoPhillips were worth $287,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of COP. Price T Rowe Associates Inc. MD grew its stake in ConocoPhillips by 24.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,712,617 shares of the energy producer’s stock valued at $2,752,325,000 after acquiring an additional 4,726,952 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in ConocoPhillips by 512.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,737,026 shares of the energy producer’s stock worth $433,757,000 after buying an additional 3,127,165 shares in the last quarter. Alphinity Investment Management Pty Ltd grew its stake in ConocoPhillips by 78.2% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 4,611,763 shares of the energy producer’s stock worth $535,287,000 after buying an additional 2,023,263 shares in the last quarter. International Assets Investment Management LLC grew its stake in ConocoPhillips by 13,905.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,114,261 shares of the energy producer’s stock worth $129,332,000 after buying an additional 1,106,305 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in ConocoPhillips by 29.3% in the 4th quarter. Pacer Advisors Inc. now owns 3,422,834 shares of the energy producer’s stock worth $397,288,000 after buying an additional 776,107 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Down 0.6 %

NYSE:COP traded down $0.63 during midday trading on Tuesday, reaching $113.73. 1,336,477 shares of the stock traded hands, compared to its average volume of 5,651,381. The company has a fifty day moving average of $118.30 and a 200 day moving average of $117.62. ConocoPhillips has a 12 month low of $99.35 and a 12 month high of $135.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a market capitalization of $133.01 billion, a P/E ratio of 12.95, a PEG ratio of 2.04 and a beta of 1.24.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. The company had revenue of $14.48 billion during the quarter, compared to analyst estimates of $14.72 billion. On average, research analysts predict that ConocoPhillips will post 8.89 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s payout ratio is 26.27%.

Analysts Set New Price Targets

COP has been the subject of a number of research reports. Bank of America reissued a “buy” rating and issued a $147.00 price target on shares of ConocoPhillips in a research note on Friday, June 14th. Wells Fargo & Company boosted their price target on shares of ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Scotiabank boosted their price target on shares of ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. StockNews.com raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $159.00 price objective (up previously from $155.00) on shares of ConocoPhillips in a research note on Thursday, May 30th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.