Stifel Financial Corp grew its holdings in shares of ConocoPhillips (NYSE:COP) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 502,678 shares of the energy producer’s stock after purchasing an additional 16,479 shares during the quarter. Stifel Financial Corp’s holdings in ConocoPhillips were worth $30,614,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. Harbour Investments Inc. purchased a new position in ConocoPhillips during the first quarter worth about $30,000. Joseph P. Lucia & Associates LLC purchased a new position in shares of ConocoPhillips during the 2nd quarter worth about $30,000. Anfield Capital Management LLC purchased a new stake in ConocoPhillips in the second quarter valued at approximately $32,000. Concord Wealth Partners grew its holdings in ConocoPhillips by 41.0% in the first quarter. Concord Wealth Partners now owns 640 shares of the energy producer’s stock valued at $34,000 after purchasing an additional 186 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in ConocoPhillips during the first quarter worth approximately $35,000. Institutional investors and hedge funds own 78.47% of the company’s stock.
COP has been the subject of a number of research analyst reports. Truist Securities upped their price objective on ConocoPhillips from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 7th. Royal Bank of Canada lifted their price objective on ConocoPhillips from $73.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, July 1st. Mizuho increased their target price on shares of ConocoPhillips from $82.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, July 15th. Truist lifted their price target on shares of ConocoPhillips from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 7th. Finally, Evercore ISI upped their target price on ConocoPhillips from $68.00 to $72.00 and gave the stock an “outperform” rating in a research report on Monday, June 28th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $76.23.
COP opened at $73.23 on Thursday. ConocoPhillips has a 1-year low of $27.53 and a 1-year high of $75.52. The company has a market capitalization of $98.06 billion, a price-to-earnings ratio of 63.13, a price-to-earnings-growth ratio of 1.56 and a beta of 1.77. The business has a 50 day moving average price of $60.41 and a two-hundred day moving average price of $57.66. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.11 and a quick ratio of 1.97.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Tuesday, August 3rd. The energy producer reported $1.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.17. The business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.44 billion. ConocoPhillips had a return on equity of 5.64% and a net margin of 5.93%. During the same quarter in the prior year, the firm posted ($0.92) earnings per share. Equities analysts expect that ConocoPhillips will post 4.79 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 1st. Stockholders of record on Thursday, October 28th will be given a dividend of $0.46 per share. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, October 27th. This represents a $1.84 annualized dividend and a dividend yield of 2.51%. ConocoPhillips’s dividend payout ratio (DPR) is -177.32%.
ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; Asia Pacific; and Other International.
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