Klein Pavlis & Peasley Financial Inc. Has $2.12 Million Stake in ConocoPhillips (NYSE:COP)

Klein Pavlis & Peasley Financial Inc. boosted its holdings in ConocoPhillips (NYSE:COP) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,326 shares of the energy producer’s stock after purchasing an additional 1,126 shares during the period. ConocoPhillips comprises about 1.7% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its 20th largest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in ConocoPhillips were worth $2,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Silver Oak Securities Incorporated grew its holdings in shares of ConocoPhillips by 17.5% in the 4th quarter. Silver Oak Securities Incorporated now owns 2,085 shares of the energy producer’s stock valued at $202,000 after acquiring an additional 311 shares in the last quarter. Financial Advocates Investment Management boosted its position in ConocoPhillips by 201.8% during the fourth quarter. Financial Advocates Investment Management now owns 11,573 shares of the energy producer’s stock valued at $1,148,000 after purchasing an additional 7,738 shares during the last quarter. State of Alaska Department of Revenue grew its stake in ConocoPhillips by 11.3% in the fourth quarter. State of Alaska Department of Revenue now owns 253,986 shares of the energy producer’s stock valued at $25,187,000 after purchasing an additional 25,761 shares in the last quarter. Caitlin John LLC raised its stake in shares of ConocoPhillips by 600.6% during the 4th quarter. Caitlin John LLC now owns 1,191 shares of the energy producer’s stock worth $118,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Fruth Investment Management boosted its holdings in shares of ConocoPhillips by 94.8% in the 4th quarter. Fruth Investment Management now owns 28,275 shares of the energy producer’s stock valued at $2,804,000 after buying an additional 13,763 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Trading Down 0.4 %

Shares of ConocoPhillips stock opened at $100.18 on Thursday. The firm’s 50 day moving average is $101.40 and its 200 day moving average is $106.32. The firm has a market capitalization of $115.30 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. Equities research analysts forecast that ConocoPhillips will post 7.64 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.11%. ConocoPhillips’s dividend payout ratio (DPR) is currently 37.10%.

Insider Activity

In other ConocoPhillips news, Director R A. Walker acquired 10,400 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were bought at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the purchase, the director now directly owns 38,000 shares of the company’s stock, valued at $3,716,400. This trade represents a 37.68 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arjun N. Murti bought 2,500 shares of the stock in a transaction on Friday, December 20th. The stock was acquired at an average price of $95.87 per share, with a total value of $239,675.00. Following the completion of the acquisition, the director now owns 21,500 shares of the company’s stock, valued at $2,061,205. This represents a 13.16 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on COP. Scotiabank lowered their target price on shares of ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Barclays increased their price target on ConocoPhillips from $135.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Morgan Stanley began coverage on shares of ConocoPhillips in a research report on Monday, December 16th. They set an “overweight” rating and a $128.00 price objective for the company. Evercore ISI restated an “outperform” rating and set a $165.00 price objective on shares of ConocoPhillips in a report on Friday, December 6th. Finally, Susquehanna upped their target price on ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $135.89.

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.