Bollard Group LLC Grows Holdings in ConocoPhillips $COP

Bollard Group LLC increased its position in ConocoPhillips (NYSE:COP) by 5.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 148,455 shares of the energy producer’s stock after acquiring an additional 7,020 shares during the period. Bollard Group LLC’s holdings in ConocoPhillips were worth $19,596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of COP. Frazier Financial Advisors LLC boosted its position in ConocoPhillips by 151.0% during the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after acquiring an additional 145 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of ConocoPhillips in the fourth quarter valued at $25,000. Evergreen Advisors LLC acquired a new position in ConocoPhillips in the first quarter valued at $36,000. Strive Asset Management LLC purchased a new position in ConocoPhillips during the third quarter worth about $28,000. Finally, Avalon Trust Co acquired a new stake in ConocoPhillips in the 1st quarter worth about $40,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on COP. Mizuho dropped their price objective on shares of ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Piper Sandler upped their price target on shares of ConocoPhillips from $154.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Sanford C. Bernstein increased their price target on shares of ConocoPhillips from $98.00 to $121.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. UBS Group decreased their price target on shares of ConocoPhillips from $155.00 to $143.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada set a $130.00 price objective on shares of ConocoPhillips in a research note on Monday, June 22nd. Eighteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.16.

ConocoPhillips Stock Up 0.1%

Shares of ConocoPhillips stock opened at $120.30 on Friday. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.87. The company has a market capitalization of $146.56 billion, a PE ratio of 20.42, a P/E/G ratio of 1.45 and a beta of 0.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The business has a 50-day moving average of $113.50 and a 200-day moving average of $114.23.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The firm had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.09 EPS. As a group, equities analysts forecast that ConocoPhillips will post 9.2 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 annualized dividend and a dividend yield of 2.8%. ConocoPhillips’s dividend payout ratio is 57.05%.

ConocoPhillips Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.