Shelton Capital Management Increases Position in ConocoPhillips (COP)

Shelton Capital Management increased its holdings in ConocoPhillips (NYSE:COP) by 20.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 102,867 shares of the energy producer’s stock after purchasing an additional 17,168 shares during the period. Shelton Capital Management’s holdings in ConocoPhillips were worth $5,130,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in COP. Advocacy Wealth Management Services LLC increased its position in ConocoPhillips by 4.5% in the first quarter. Advocacy Wealth Management Services LLC now owns 2,329 shares of the energy producer’s stock worth $116,000 after purchasing an additional 100 shares during the last quarter. Westside Investment Management Inc. increased its position in ConocoPhillips by 468.4% in the first quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after purchasing an additional 2,000 shares during the last quarter. Advantage Investment Management LLC increased its position in ConocoPhillips by 65.3% in the first quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock worth $121,000 after purchasing an additional 958 shares during the last quarter. Massey Quick & Co. LLC bought a new stake in ConocoPhillips in the first quarter worth $123,000. Finally, Crestwood Advisors Group LLC bought a new stake in ConocoPhillips in the first quarter worth $131,000. Institutional investors own 68.99% of the company’s stock.

Shares of ConocoPhillips (COP) traded down 1.42% during mid-day trading on Friday, hitting $44.47. 4,147,379 shares of the stock were exchanged. The company has a 50-day moving average price of $44.18 and a 200-day moving average price of $45.73. The stock’s market cap is $54.12 billion. ConocoPhillips has a 12 month low of $39.00 and a 12 month high of $53.17.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. The firm had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $6.74 billion. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. During the same period last year, the company earned ($0.79) EPS. Equities analysts expect that ConocoPhillips will post $0.24 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Thursday, July 20th. ConocoPhillips’s payout ratio is -34.98%.

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COP has been the topic of several research reports. Citigroup Inc. reduced their price target on shares of ConocoPhillips from $65.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Cowen and Company set a $55.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Royal Bank Of Canada set a $62.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Sunday, July 16th. Scotiabank set a $54.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Saturday, July 1st. Finally, Jefferies Group LLC upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating and boosted their price target for the stock from $55.00 to $59.00 in a research report on Wednesday, May 17th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $54.03.

ConocoPhillips Profile

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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