XML Financial LLC Has $521,000 Stock Holdings in ConocoPhillips (NYSE:COP)

XML Financial LLC trimmed its stake in shares of ConocoPhillips (NYSE:COP) by 10.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,093 shares of the energy producer’s stock after selling 497 shares during the quarter. XML Financial LLC’s holdings in ConocoPhillips were worth $521,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cooksen Wealth LLC bought a new stake in ConocoPhillips during the 4th quarter worth approximately $27,000. Sachetta LLC bought a new stake in ConocoPhillips during the 4th quarter worth approximately $27,000. Richardson Capital Management LLC bought a new stake in ConocoPhillips during the 1st quarter worth approximately $31,000. Cape Investment Advisory Inc. boosted its stake in shares of ConocoPhillips by 96.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock valued at $29,000 after purchasing an additional 121 shares during the last quarter. Finally, Ruedi Wealth Management Inc. boosted its stake in shares of ConocoPhillips by 150.0% in the 1st quarter. Ruedi Wealth Management Inc. now owns 250 shares of the energy producer’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. 82.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on COP shares. Sanford C. Bernstein reduced their price objective on shares of ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Argus raised shares of ConocoPhillips to a “strong-buy” rating in a research note on Friday, June 7th. Royal Bank of Canada increased their target price on shares of ConocoPhillips from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. StockNews.com lowered shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Mizuho cut their target price on shares of ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 5th. Five equities 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.24.

ConocoPhillips Stock Down 2.5 %

Shares of COP stock traded down $2.83 on Thursday, hitting $108.37. The stock had a trading volume of 9,703,631 shares, compared to its average volume of 5,651,569. The business has a 50 day moving average of $113.17 and a 200 day moving average of $117.14. The stock has a market cap of $126.74 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. 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 12-month low of $105.77 and a 12-month high of $135.18.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, beating the consensus estimate of $1.99 by $0.04. The company had revenue of $14.48 billion during the quarter, compared to the consensus estimate of $14.72 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. As a group, analysts expect that ConocoPhillips will post 8.73 EPS for the current year.

About ConocoPhillips

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.