Catalina Capital Group LLC Buys 3,333 Shares of ConocoPhillips (NYSE:COP)

Catalina Capital Group LLC lifted its stake in ConocoPhillips (NYSE:COP) by 120.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,109 shares of the energy producer’s stock after buying an additional 3,333 shares during the period. Catalina Capital Group LLC’s holdings in ConocoPhillips were worth $778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in COP. Orion Capital Management LLC acquired a new position in shares of ConocoPhillips during the third quarter worth $27,000. West Branch Capital LLC increased its holdings in shares of ConocoPhillips by 87.8% during the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after buying an additional 108 shares in the last quarter. Cooksen Wealth LLC acquired a new position in shares of ConocoPhillips during the fourth quarter worth $27,000. Sachetta LLC acquired a new position in shares of ConocoPhillips during the fourth quarter worth $27,000. Finally, Richardson Capital Management LLC acquired a new position in shares of ConocoPhillips during the first quarter worth $31,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Up 1.2 %

Shares of COP stock traded up $1.34 on Wednesday, reaching $112.53. 3,867,697 shares of the company were exchanged, compared to its average volume of 5,592,497. The company has a market cap of $131.61 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 2.00 and a beta of 1.23. The company has a 50-day moving average of $116.08 and a 200-day moving average of $117.49. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.21. ConocoPhillips has a one year low of $104.85 and a one year high of $135.18.

ConocoPhillips (NYSE:COP) last released 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. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. The company had revenue of $14.48 billion for the quarter, compared to analysts’ expectations of $14.72 billion. Analysts anticipate that ConocoPhillips will post 8.89 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were issued a $0.78 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.77%. ConocoPhillips’s dividend payout ratio is presently 26.27%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on COP shares. Mizuho lowered their price target on shares of ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, June 5th. Barclays upped their price target 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 increased their price objective on ConocoPhillips from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. Wells Fargo & Company increased their price objective on ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Piper Sandler increased their price objective on ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $145.69.

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.