Triumph Capital Management Has $234,000 Holdings in ConocoPhillips (NYSE:COP)

Triumph Capital Management raised its position in shares of ConocoPhillips (NYSE:COP) by 6.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,364 shares of the energy producer’s stock after purchasing an additional 149 shares during the quarter. Triumph Capital Management’s holdings in ConocoPhillips were worth $234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in ConocoPhillips by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer’s stock valued at $4,546,706,000 after purchasing an additional 5,549,078 shares during the period. Leavell Investment Management Inc. increased its position in ConocoPhillips by 59.8% during the 4th quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer’s stock valued at $1,901,000 after purchasing an additional 7,174 shares during the period. Heck Capital Advisors LLC acquired a new stake in ConocoPhillips during the 4th quarter valued at approximately $1,767,000. Asset Management One Co. Ltd. increased its position in ConocoPhillips by 11.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 519,371 shares of the energy producer’s stock valued at $50,345,000 after purchasing an additional 54,196 shares during the period. Finally, Baugh & Associates LLC increased its position in ConocoPhillips by 16.2% during the 4th quarter. Baugh & Associates LLC now owns 49,839 shares of the energy producer’s stock valued at $4,769,000 after purchasing an additional 6,956 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

NYSE COP opened at $92.34 on Friday. The company has a fifty day simple moving average of $93.24 and a 200 day simple moving average of $99.03. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $122.11. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The company has a market cap of $116.73 billion, a P/E ratio of 11.85, a PEG ratio of 0.79 and a beta of 0.64.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.04. The firm had revenue of $16.18 billion for the quarter, compared to the consensus estimate of $15.74 billion. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. During the same period in the previous year, the firm earned $2.05 EPS. Sell-side analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Monday, May 19th. ConocoPhillips’s dividend payout ratio is 39.64%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on COP shares. Susquehanna reduced their price objective on shares of ConocoPhillips from $120.00 to $114.00 and set a “positive” rating for the company in a research report on Monday, May 12th. Barclays reduced their price objective on shares of ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Bank of America downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $138.00 to $107.00 in a research report on Tuesday, April 29th. Raymond James downgraded shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $157.00 to $124.00 in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.74.

ConocoPhillips Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.