Mount Yale Investment Advisors LLC Takes Position in ConocoPhillips (COP)

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Mount Yale Investment Advisors LLC acquired a new stake in ConocoPhillips (NYSE:COP) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 3,877 shares of the energy producer’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Centaurus Financial Inc. acquired a new position in ConocoPhillips in the 1st quarter valued at $104,000. Bristol John W & Co. Inc. NY acquired a new position in ConocoPhillips in the 1st quarter valued at $142,000. Truewealth LLC acquired a new position in ConocoPhillips in the 4th quarter valued at $138,000. Delpha Capital Management LLC acquired a new position in ConocoPhillips in the 4th quarter valued at $149,000. Finally, Banco de Sabadell S.A acquired a new position in ConocoPhillips in the 4th quarter valued at $173,000. 70.86% of the stock is owned by hedge funds and other institutional investors.

In other ConocoPhillips news, VP Glenda Mae Schwarz sold 6,763 shares of the company’s stock in a transaction dated Friday, May 25th. The stock was sold at an average price of $65.04, for a total value of $439,865.52. Following the completion of the transaction, the vice president now owns 10,182 shares of the company’s stock, valued at approximately $662,237.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Janet Langford Kelly sold 49,496 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The stock was sold at an average price of $71.00, for a total value of $3,514,216.00. Following the completion of the transaction, the senior vice president now directly owns 41,211 shares of the company’s stock, valued at approximately $2,925,981. The disclosure for this sale can be found here. In the last ninety days, insiders sold 284,052 shares of company stock valued at $19,491,534. Insiders own 0.88% of the company’s stock.

Shares of ConocoPhillips opened at $69.62 on Friday, according to MarketBeat Ratings. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $71.71. The company has a quick ratio of 1.71, a current ratio of 1.86 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $80.04 billion, a price-to-earnings ratio of 40.01, a PEG ratio of 1.85 and a beta of 1.22.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, April 26th. The energy producer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.22. ConocoPhillips had a positive return on equity of 6.69% and a negative net margin of 1.64%. The business had revenue of $8.96 billion during the quarter, compared to analysts’ expectations of $8.68 billion. During the same quarter in the prior year, the firm earned ($0.02) EPS. research analysts forecast that ConocoPhillips will post 4.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Monday, May 14th were issued a $0.285 dividend. The ex-dividend date was Friday, May 11th. This represents a $1.14 dividend on an annualized basis and a yield of 1.64%. ConocoPhillips’s payout ratio is presently 190.00%.

Several equities analysts have weighed in on the company. Barclays set a $71.00 price objective on ConocoPhillips and gave the company a “buy” rating in a report on Sunday, March 4th. Zacks Investment Research raised ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a report on Thursday, April 19th. Jefferies Financial Group cut ConocoPhillips from a “buy” rating to a “hold” rating and lifted their price objective for the company from $66.42 to $68.00 in a report on Thursday, April 19th. Argus set a $76.00 price objective on ConocoPhillips and gave the company a “buy” rating in a report on Friday, May 4th. Finally, TheStreet raised ConocoPhillips from a “c+” rating to a “b-” rating in a report on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $66.90.

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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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