Hudson Edge Investment Partners Inc. Has $8.63 Million Position in ConocoPhillips $COP

Hudson Edge Investment Partners Inc. trimmed its holdings in shares of ConocoPhillips (NYSE:COP) by 19.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,408 shares of the energy producer’s stock after selling 16,204 shares during the period. ConocoPhillips accounts for 1.3% of Hudson Edge Investment Partners Inc.’s portfolio, making the stock its 10th biggest position. Hudson Edge Investment Partners Inc.’s holdings in ConocoPhillips were worth $8,634,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Natixis Advisors LLC grew its stake in ConocoPhillips by 8.7% during the 3rd quarter. Natixis Advisors LLC now owns 1,996,426 shares of the energy producer’s stock worth $188,842,000 after buying an additional 160,410 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in ConocoPhillips by 31.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 86,171 shares of the energy producer’s stock valued at $8,067,000 after buying an additional 20,501 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in ConocoPhillips in the third quarter valued at $1,892,000. D.A. Davidson & CO. boosted its holdings in shares of ConocoPhillips by 10.5% during the fourth quarter. D.A. Davidson & CO. now owns 155,662 shares of the energy producer’s stock valued at $14,572,000 after acquiring an additional 14,833 shares during the period. Finally, Czech National Bank boosted its holdings in shares of ConocoPhillips by 2.7% during the fourth quarter. Czech National Bank now owns 325,841 shares of the energy producer’s stock valued at $30,502,000 after acquiring an additional 8,635 shares during the period. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Price Performance

Shares of COP opened at $104.64 on Friday. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The stock’s fifty day moving average is $115.76 and its 200-day moving average is $112.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. The firm has a market capitalization of $127.48 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.20 and a beta of 0.12.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.17. The business had revenue of $15.76 billion during 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 company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.09 earnings per share. Equities analysts anticipate that ConocoPhillips will post 9.66 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, May 11th. ConocoPhillips’s payout ratio is 57.05%.

Analysts Set New Price Targets

A number of research firms recently weighed in on COP. Morgan Stanley dropped their price objective on shares of ConocoPhillips from $153.00 to $146.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. BMO Capital Markets reduced their target price on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Mizuho upped their target price on shares of ConocoPhillips from $136.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Wolfe Research raised their price target on shares of ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Finally, Freedom Capital lowered shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and an average price target of $134.76.

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.