Syntax Research Inc. Has $138,000 Stock Position in ConocoPhillips $COP

Syntax Research Inc. lowered its stake in ConocoPhillips (NYSE:COP) by 93.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,046 shares of the energy producer’s stock after selling 14,493 shares during the period. Syntax Research Inc.’s holdings in ConocoPhillips were worth $138,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of ConocoPhillips by 14.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,331,176 shares of the energy producer’s stock valued at $220,506,000 after purchasing an additional 298,245 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of ConocoPhillips by 8.7% during the 3rd quarter. Natixis Advisors LLC now owns 1,996,426 shares of the energy producer’s stock worth $188,842,000 after buying an additional 160,410 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of ConocoPhillips by 31.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 86,171 shares of the energy producer’s stock worth $8,067,000 after buying an additional 20,501 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of ConocoPhillips during the 3rd quarter worth $1,892,000. Finally, D.A. Davidson & CO. boosted its stake in ConocoPhillips by 10.5% in the fourth quarter. D.A. Davidson & CO. now owns 155,662 shares of the energy producer’s stock valued at $14,572,000 after buying an additional 14,833 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Price Performance

Shares of COP opened at $103.25 on Thursday. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $135.87. The business has a 50-day simple moving average of $116.43 and a two-hundred day simple moving average of $112.12. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. The stock has a market cap of $125.78 billion, a PE ratio of 17.53, a PEG ratio of 1.20 and a beta of 0.12.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The business had revenue of $15.76 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same quarter last year, the business earned $2.09 EPS. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. Analysts anticipate that ConocoPhillips will post 9.66 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 annualized dividend and a dividend yield of 3.3%. ConocoPhillips’s dividend payout ratio (DPR) is presently 57.05%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on COP. Weiss Ratings reiterated a “hold (c)” rating on shares of ConocoPhillips in a research report on Wednesday, June 3rd. Citigroup increased their target price on shares of ConocoPhillips from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Freedom Capital downgraded shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Wall Street Zen raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Barclays lifted their price target on shares of ConocoPhillips from $136.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and an average price target of $134.76.

ConocoPhillips Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.