GoalVest Advisory LLC Sells 333 Shares of ConocoPhillips (NYSE:COP)

GoalVest Advisory LLC decreased its holdings in ConocoPhillips (NYSE:COP) by 53.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 293 shares of the energy producer’s stock after selling 333 shares during the quarter. GoalVest Advisory LLC’s holdings in ConocoPhillips were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Evergreen Capital Management LLC grew its stake in shares of ConocoPhillips by 0.5% in the third quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer’s stock worth $2,270,000 after purchasing an additional 89 shares during the last quarter. Adirondack Trust Co. grew its stake in shares of ConocoPhillips by 3.1% in the fourth quarter. Adirondack Trust Co. now owns 2,990 shares of the energy producer’s stock worth $336,000 after purchasing an additional 90 shares during the last quarter. West Paces Advisors Inc. grew its stake in shares of ConocoPhillips by 5.9% in the first quarter. West Paces Advisors Inc. now owns 1,659 shares of the energy producer’s stock worth $211,000 after purchasing an additional 93 shares during the last quarter. Greenfield Savings Bank grew its stake in shares of ConocoPhillips by 1.3% in the fourth quarter. Greenfield Savings Bank now owns 7,520 shares of the energy producer’s stock worth $873,000 after purchasing an additional 94 shares during the last quarter. Finally, Relative Value Partners Group LLC grew its stake in shares of ConocoPhillips by 2.2% in the fourth quarter. Relative Value Partners Group LLC now owns 4,511 shares of the energy producer’s stock worth $524,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Up 0.3 %

COP opened at $114.00 on Friday. 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 has a fifty-two week low of $99.35 and a fifty-two week high of $135.18. The firm has a market capitalization of $133.33 billion, a PE ratio of 12.91, a P/E/G ratio of 2.02 and a beta of 1.22. The company’s 50-day moving average is $118.87 and its 200 day moving average is $117.54.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, beating the consensus estimate of $1.99 by $0.04. The firm had revenue of $14.48 billion during the quarter, compared to analyst estimates of $14.72 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. As a group, research analysts predict that ConocoPhillips will post 8.89 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $3.12 annualized dividend and a yield of 2.74%. ConocoPhillips’s dividend payout ratio (DPR) is 26.27%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. StockNews.com raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Thursday. Bank of America reaffirmed a “buy” rating and set a $147.00 price target on shares of ConocoPhillips in a research report on Friday, June 14th. Royal Bank of Canada upped their price target on shares of ConocoPhillips from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, May 15th. Argus upgraded shares of ConocoPhillips to a “strong-buy” rating in a report on Friday, June 7th. Finally, Scotiabank upped their price objective on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $144.18.

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.