ConocoPhillips (COP) Holdings Increased by Mid Atlantic Financial Management Inc. ADV

Share on StockTwits

Mid Atlantic Financial Management Inc. ADV boosted its stake in shares of ConocoPhillips (NYSE:COP) by 2.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,039 shares of the energy producer’s stock after buying an additional 327 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in ConocoPhillips were worth $803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lenox Wealth Advisors LLC acquired a new position in shares of ConocoPhillips in the 1st quarter valued at about $27,000. Smart Portfolios LLC increased its holdings in shares of ConocoPhillips by 69.5% in the 4th quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock valued at $30,000 after purchasing an additional 196 shares during the period. Athena Capital Advisors LLC acquired a new position in shares of ConocoPhillips in the 4th quarter valued at about $32,000. Clarfeld Financial Advisors LLC acquired a new position in shares of ConocoPhillips in the 4th quarter valued at about $32,000. Finally, Destination Wealth Management increased its holdings in shares of ConocoPhillips by 592.6% in the 1st quarter. Destination Wealth Management now owns 561 shares of the energy producer’s stock valued at $37,000 after purchasing an additional 480 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Shares of COP stock opened at $59.88 on Monday. ConocoPhillips has a 12 month low of $56.75 and a 12 month high of $80.24. The company has a market cap of $67.67 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.41 and a beta of 1.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.86 and a quick ratio of 1.72.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Tuesday, April 30th. The energy producer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.08. ConocoPhillips had a return on equity of 16.65% and a net margin of 18.08%. The company had revenue of $10.06 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same period in the previous year, the company earned $0.96 earnings per share. Equities analysts anticipate that ConocoPhillips will post 4.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be issued a dividend of $0.305 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.04%. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.93%.

COP has been the subject of several recent research reports. Morgan Stanley boosted their price target on ConocoPhillips from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Goldman Sachs Group raised ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price target for the company from $76.00 to $82.00 in a research note on Sunday, February 3rd. Piper Jaffray Companies raised ConocoPhillips from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $68.00 to $75.00 in a research note on Thursday, March 21st. Zacks Investment Research raised ConocoPhillips from a “strong sell” rating to a “hold” rating in a research note on Monday, February 11th. Finally, ValuEngine raised ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $78.60.

WARNING: “ConocoPhillips (COP) Holdings Increased by Mid Atlantic Financial Management Inc. ADV” was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/4354078/conocophillips-cop-holdings-increased-by-mid-atlantic-financial-management-inc-adv.html.

ConocoPhillips Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

Featured Article: How is an ETF different from a mutual fund?

Want to see what other hedge funds are holding COP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP).

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Autoliv  PT Lowered to $62.00 at Buckingham Research
Autoliv PT Lowered to $62.00 at Buckingham Research
Shotspotter  Cut to “Market Perform” at Northland Securities
Shotspotter Cut to “Market Perform” at Northland Securities
Buckingham Research Increases Sonic Automotive  Price Target to $20.00
Buckingham Research Increases Sonic Automotive Price Target to $20.00
Vail Resorts  Earns Market Perform Rating from Analysts at Wells Fargo & Co
Vail Resorts Earns Market Perform Rating from Analysts at Wells Fargo & Co
Johnson Outdoors  Downgraded by Sidoti
Johnson Outdoors Downgraded by Sidoti
Autoliv  Stock Rating Upgraded by Robert W. Baird
Autoliv Stock Rating Upgraded by Robert W. Baird


© 2006-2019 Ticker Report