Magnolia Capital Advisors LLC Buys 599 Shares of ConocoPhillips (NYSE:COP)

Magnolia Capital Advisors LLC grew its stake in shares of ConocoPhillips (NYSE:COP) by 26.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,900 shares of the energy producer’s stock after acquiring an additional 599 shares during the period. Magnolia Capital Advisors LLC’s holdings in ConocoPhillips were worth $331,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Orion Capital Management LLC bought a new position in ConocoPhillips in the 3rd quarter worth approximately $27,000. West Branch Capital LLC boosted its holdings in ConocoPhillips by 87.8% in the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after buying an additional 108 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its holdings in ConocoPhillips by 63.1% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock worth $34,000 after buying an additional 111 shares during the period. Spartan Planning & Wealth Management bought a new position in ConocoPhillips in the 3rd quarter worth approximately $40,000. Finally, Newbridge Financial Services Group Inc. bought a new position in ConocoPhillips in the 3rd quarter worth approximately $44,000. 82.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on COP shares. Scotiabank increased their target price 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. Mizuho reiterated a “neutral” rating and issued a $139.00 target price (up from $132.00) on shares of ConocoPhillips in a research note on Friday, March 22nd. Susquehanna increased their target price on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a research note on Monday. Barclays started coverage on shares of ConocoPhillips in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 target price on the stock. Finally, Raymond James lowered their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.24.

ConocoPhillips Trading Down 0.4 %

NYSE:COP traded down $0.57 during trading hours on Wednesday, reaching $129.27. The company’s stock had a trading volume of 3,846,568 shares, compared to its average volume of 5,377,396. The firm has a market capitalization of $152.07 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 2.73 and a beta of 1.24. The firm has a 50-day simple moving average of $121.71 and a 200-day simple moving average of $117.49. ConocoPhillips has a 1 year low of $95.70 and a 1 year high of $135.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.43.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.32. The company had revenue of $15.31 billion for the quarter, compared to analysts’ expectations of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same quarter last year, the company earned $2.71 EPS. Research analysts expect that ConocoPhillips will post 9.47 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Thursday, February 15th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio (DPR) is 25.61%.

Insiders Place Their Bets

In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the sale, the executive vice president now directly owns 14,522 shares in the company, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. Insiders have sold a total of 700,775 shares of company stock valued at $87,615,169 in the last quarter. Insiders own 0.34% of the company’s stock.

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.