ConocoPhillips (NYSE:COP) Shares Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA raised its position in shares of ConocoPhillips (NYSE:COP) by 389.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,417 shares of the energy producer’s stock after purchasing an additional 6,699 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in ConocoPhillips were worth $884,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of COP. Allen Mooney & Barnes Investment Advisors LLC raised its position in ConocoPhillips by 6.3% in the first quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 79,364 shares of the energy producer’s stock worth $8,335,000 after acquiring an additional 4,710 shares in the last quarter. apricus wealth LLC lifted its stake in ConocoPhillips by 1.3% during the first quarter. apricus wealth LLC now owns 23,992 shares of the energy producer’s stock valued at $2,520,000 after purchasing an additional 310 shares during the last quarter. Simon Quick Advisors LLC grew its position in ConocoPhillips by 18.8% in the first quarter. Simon Quick Advisors LLC now owns 6,763 shares of the energy producer’s stock worth $710,000 after buying an additional 1,068 shares during the last quarter. Laurel Wealth Advisors LLC increased its holdings in shares of ConocoPhillips by 2.3% in the first quarter. Laurel Wealth Advisors LLC now owns 11,127 shares of the energy producer’s stock valued at $1,169,000 after buying an additional 248 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its position in shares of ConocoPhillips by 2.9% during the 1st quarter. Focus Financial Network Inc. now owns 5,217 shares of the energy producer’s stock valued at $548,000 after acquiring an additional 147 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

Shares of COP opened at $94.70 on Friday. ConocoPhillips has a one year low of $79.88 and a one year high of $118.40. The company has a market cap of $119.72 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.79 and a beta of 0.61. The firm has a 50-day moving average of $88.62 and a 200-day moving average of $96.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.04. The company had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. During the same period in the prior year, the firm earned $2.05 earnings per share. As a group, equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Monday, May 19th. ConocoPhillips’s payout ratio is 39.64%.

Analyst Ratings Changes

COP has been the subject of several analyst reports. Mizuho reduced their target price on ConocoPhillips from $127.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, May 13th. Barclays dropped their target price on shares of ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Royal Bank of Canada cut their price target on shares of ConocoPhillips from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Friday, May 30th. Wells Fargo & Company decreased their price objective on shares of ConocoPhillips from $116.00 to $113.00 and set an “overweight” rating for the company in a research note on Wednesday, May 14th. Finally, Bank of America cut their target price on shares of ConocoPhillips from $107.00 to $106.00 and set a “neutral” rating on the stock in a research note on Friday, May 23rd. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average price target of $121.30.

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.