Aspiriant LLC Sells 104 Shares of ConocoPhillips (NYSE:COP)

Aspiriant LLC reduced its holdings in shares of ConocoPhillips (NYSE:COP) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,248 shares of the energy producer’s stock after selling 104 shares during the quarter. Aspiriant LLC’s holdings in ConocoPhillips were worth $541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in ConocoPhillips by 24.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,712,617 shares of the energy producer’s stock valued at $2,752,325,000 after acquiring an additional 4,726,952 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in ConocoPhillips by 512.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,737,026 shares of the energy producer’s stock valued at $433,757,000 after acquiring an additional 3,127,165 shares during the period. Alphinity Investment Management Pty Ltd lifted its holdings in ConocoPhillips by 78.2% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 4,611,763 shares of the energy producer’s stock valued at $535,287,000 after acquiring an additional 2,023,263 shares during the period. International Assets Investment Management LLC lifted its holdings in ConocoPhillips by 13,905.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,114,261 shares of the energy producer’s stock valued at $129,332,000 after acquiring an additional 1,106,305 shares during the period. Finally, Pacer Advisors Inc. increased its position in ConocoPhillips by 29.3% in the fourth quarter. Pacer Advisors Inc. now owns 3,422,834 shares of the energy producer’s stock worth $397,288,000 after buying an additional 776,107 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Price Performance

NYSE:COP opened at $114.00 on Friday. The firm has a market capitalization of $133.33 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 2.02 and a beta of 1.22. ConocoPhillips has a 1 year low of $99.35 and a 1 year high of $135.18. The business has a 50 day simple moving average of $118.87 and a 200-day simple moving average of $117.54. 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 (NYSE:COP) last issued its quarterly earnings results on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The firm had revenue of $14.48 billion during the quarter, compared to analyst estimates of $14.72 billion. Equities analysts forecast that ConocoPhillips will post 8.89 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Friday, May 10th. ConocoPhillips’s dividend payout ratio is currently 26.27%.

Analysts Set New Price Targets

A number of analysts have commented on COP shares. Scotiabank upped their price target on ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Raymond James restated a “strong-buy” rating and issued a $159.00 price target (up previously from $155.00) on shares of ConocoPhillips in a research report on Thursday, May 30th. Argus upgraded ConocoPhillips to a “strong-buy” rating in a research report on Friday, June 7th. StockNews.com upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Morgan Stanley upped their price target on ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Four 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 data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and an average price target of $144.18.

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.