Howe & Rusling Inc. Has $493,000 Stake in ConocoPhillips (NYSE:COP)

Howe & Rusling Inc. boosted its holdings in ConocoPhillips (NYSE:COP) by 13.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,971 shares of the energy producer’s stock after purchasing an additional 582 shares during the period. Howe & Rusling Inc.’s holdings in ConocoPhillips were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P boosted its position in ConocoPhillips by 6.6% during the third quarter. Loomis Sayles & Co. L P now owns 1,953 shares of the energy producer’s stock valued at $206,000 after purchasing an additional 121 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter worth approximately $31,000. Townsquare Capital LLC raised its stake in shares of ConocoPhillips by 8.6% during the 3rd quarter. Townsquare Capital LLC now owns 70,499 shares of the energy producer’s stock worth $7,422,000 after purchasing an additional 5,607 shares in the last quarter. Freedom Investment Management Inc. boosted its holdings in shares of ConocoPhillips by 18.8% in the 3rd quarter. Freedom Investment Management Inc. now owns 9,418 shares of the energy producer’s stock valued at $992,000 after buying an additional 1,492 shares during the last quarter. Finally, Bridgewater Associates LP grew its stake in shares of ConocoPhillips by 58.9% in the third quarter. Bridgewater Associates LP now owns 3,079 shares of the energy producer’s stock valued at $324,000 after buying an additional 1,141 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $102.86 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $130.87 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. ConocoPhillips has a twelve month low of $86.81 and a twelve month high of $135.18. The company has a 50-day simple moving average of $99.02 and a two-hundred day simple moving average of $103.30.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.03%. ConocoPhillips’s payout ratio is 40.05%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on COP. Wells Fargo & Company dropped their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Evercore ISI reaffirmed an “outperform” rating and issued a $165.00 target price on shares of ConocoPhillips in a report on Friday, December 6th. Morgan Stanley reduced their price target on ConocoPhillips from $131.00 to $126.00 and set an “overweight” rating for the company in a report on Thursday. UBS Group dropped their price objective on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, Mizuho upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $132.00 to $134.00 in a research note on Monday, December 16th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.95.

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.