Little House Capital LLC Purchases New Position in ConocoPhillips (NYSE:COP)

Little House Capital LLC acquired a new stake in ConocoPhillips (NYSE:COP) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,322 shares of the energy producer’s stock, valued at approximately $932,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of COP. Orion Capital Management LLC acquired a new stake in ConocoPhillips in the third quarter valued at approximately $27,000. West Branch Capital LLC lifted 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 in the last quarter. Sachetta LLC acquired a new stake in shares of ConocoPhillips during the fourth quarter valued at about $27,000. Cooksen Wealth LLC purchased a new stake in shares of ConocoPhillips during the fourth quarter worth about $27,000. Finally, Cape Investment Advisory Inc. lifted its stake in shares of ConocoPhillips by 96.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock worth $29,000 after acquiring an additional 121 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

Shares of COP stock traded down $0.14 on Monday, hitting $114.24. The company’s stock had a trading volume of 2,047,510 shares, compared to its average volume of 5,670,880. ConocoPhillips has a fifty-two week low of $99.35 and a fifty-two week high of $135.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35. The stock’s 50 day moving average is $118.30 and its 200-day moving average is $117.62. The company has a market capitalization of $133.61 billion, a PE ratio of 13.01, a PEG ratio of 2.04 and a beta of 1.24.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The company had revenue of $14.48 billion for the quarter, compared to analysts’ expectations of $14.72 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. Equities research analysts expect that ConocoPhillips will post 8.89 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were issued a $0.78 dividend. The ex-dividend date was Friday, May 10th. This represents a $3.12 dividend on an annualized basis and a yield of 2.73%. ConocoPhillips’s payout ratio is presently 26.27%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Mizuho decreased their price target on shares of ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating for the company in a research report on Wednesday, June 5th. Wells Fargo & Company boosted their price objective on ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Scotiabank increased their target price on ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Raymond James reaffirmed a “strong-buy” rating and set a $159.00 target price (up from $155.00) on shares of ConocoPhillips in a report on Thursday, May 30th. Finally, Bank of America reissued a “buy” rating and set a $147.00 target price on shares of ConocoPhillips in a research note on Friday, June 14th. Four analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.18.

ConocoPhillips 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.