Beck Mack & Oliver LLC Trims Holdings in ConocoPhillips (COP)

Beck Mack & Oliver LLC cut its stake in ConocoPhillips (NYSE:COP) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,220 shares of the energy producer’s stock after selling 11,911 shares during the period. Beck Mack & Oliver LLC’s holdings in ConocoPhillips were worth $6,124,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of COP. Ironwood Financial llc boosted its holdings in ConocoPhillips by 294.1% in the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after purchasing an additional 400 shares during the period. Contravisory Investment Management Inc. bought a new stake in ConocoPhillips in the 4th quarter valued at $47,000. Moody National Bank Trust Division boosted its holdings in ConocoPhillips by 536.6% in the 4th quarter. Moody National Bank Trust Division now owns 853 shares of the energy producer’s stock valued at $53,000 after purchasing an additional 719 shares during the period. Arlington Partners LLC boosted its holdings in ConocoPhillips by 28.6% in the 4th quarter. Arlington Partners LLC now owns 900 shares of the energy producer’s stock valued at $56,000 after purchasing an additional 200 shares during the period. Finally, Massey Quick Simon & CO. LLC bought a new stake in ConocoPhillips in the 4th quarter valued at $59,000. 72.30% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on the stock. Mizuho reiterated a “hold” rating and set a $82.00 target price on shares of ConocoPhillips in a research report on Monday, October 22nd. ValuEngine cut shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. Bank of America upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Monday, October 29th. BMO Capital Markets set a $78.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Monday, November 12th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $66.00 price objective on shares of ConocoPhillips in a research report on Monday, November 19th. Nine research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.41.

Shares of NYSE COP opened at $67.78 on Thursday. The stock has a market capitalization of $76.83 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.66 and a current ratio of 1.79. ConocoPhillips has a 1 year low of $52.54 and a 1 year high of $80.24.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, January 31st. The energy producer reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.08. The company had revenue of $10.36 billion for the quarter, compared to analyst estimates 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 firm earned $0.45 EPS. Analysts expect that ConocoPhillips will post 3.35 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Monday, February 11th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, February 8th. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.93%.

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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. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.

Further Reading: Calculate Your Return on Investment (ROI)

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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