Courier Capital LLC Trims Holdings in ConocoPhillips (COP)

Courier Capital LLC cut its stake in ConocoPhillips (NYSE:COP) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,910 shares of the energy producer’s stock after selling 198 shares during the period. Courier Capital LLC’s holdings in ConocoPhillips were worth $306,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in COP. Proficio Capital Partners LLC increased its position in shares of ConocoPhillips by 26.6% during the 4th quarter. Proficio Capital Partners LLC now owns 1,095 shares of the energy producer’s stock worth $68,000 after purchasing an additional 230 shares in the last quarter. Investec Asset Management LTD increased its position in shares of ConocoPhillips by 322.9% during the 4th quarter. Investec Asset Management LTD now owns 423,015 shares of the energy producer’s stock worth $26,375,000 after purchasing an additional 322,992 shares in the last quarter. Bbva Compass Bancshares Inc. increased its position in shares of ConocoPhillips by 4.3% during the 4th quarter. Bbva Compass Bancshares Inc. now owns 49,638 shares of the energy producer’s stock worth $3,095,000 after purchasing an additional 2,066 shares in the last quarter. Sandy Spring Bank increased its position in shares of ConocoPhillips by 1.0% during the 4th quarter. Sandy Spring Bank now owns 53,870 shares of the energy producer’s stock worth $3,359,000 after purchasing an additional 515 shares in the last quarter. Finally, Norinchukin Bank The increased its position in shares of ConocoPhillips by 29.3% during the 4th quarter. Norinchukin Bank The now owns 269,131 shares of the energy producer’s stock worth $16,780,000 after purchasing an additional 61,027 shares in the last quarter. 71.32% of the stock is owned by institutional investors.

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COP opened at $68.93 on Monday. The company has a quick ratio of 1.66, a current ratio of 1.79 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $79.37 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 2.92 and a beta of 1.11. ConocoPhillips has a 1-year low of $52.78 and a 1-year high of $80.24.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, January 31st. The energy producer reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.08. The firm had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.60 billion. ConocoPhillips had a net margin of 16.16% and a return on equity of 16.91%. During the same quarter last year, the company posted $0.45 EPS. As a group, equities research analysts forecast that ConocoPhillips will post 3.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 11th were given a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 1.77%. The ex-dividend date was Friday, February 8th. ConocoPhillips’s payout ratio is presently 26.93%.

A number of brokerages recently issued reports on COP. Zacks Investment Research upgraded shares of ConocoPhillips from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Piper Jaffray Companies reiterated a “hold” rating and set a $66.00 target price on shares of ConocoPhillips in a research report on Monday, November 19th. Wolfe Research upgraded shares of ConocoPhillips from a “market perform” rating to an “outperform” rating in a research report on Monday, December 10th. Morgan Stanley dropped their target price on shares of ConocoPhillips from $88.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, November 20th. Finally, Societe Generale dropped their target price on shares of ConocoPhillips from $85.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, December 19th. Nine analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. ConocoPhillips presently has a consensus rating of “Buy” and a consensus target price of $76.41.

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ConocoPhillips Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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