1834 Investment Advisors Co. Increases Position in ConocoPhillips $COP

1834 Investment Advisors Co. lifted its holdings in ConocoPhillips (NYSE:COP) by 1.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 7,898 shares of the energy producer’s stock after acquiring an additional 135 shares during the quarter. 1834 Investment Advisors Co.’s holdings in ConocoPhillips were worth $709,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COP. Financial Network Wealth Advisors LLC boosted its stake in shares of ConocoPhillips by 341.5% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock worth $30,000 after buying an additional 222 shares during the last quarter. Stone House Investment Management LLC purchased a new position in shares of ConocoPhillips in the 1st quarter worth approximately $31,000. Garde Capital Inc. purchased a new position in shares of ConocoPhillips in the 1st quarter worth approximately $35,000. IMA Advisory Services Inc. purchased a new position in shares of ConocoPhillips in the 1st quarter worth approximately $37,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in ConocoPhillips by 418.6% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer’s stock valued at $38,000 after purchasing an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on COP shares. UBS Group upped their price objective on ConocoPhillips from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Royal Bank Of Canada dropped their price objective on ConocoPhillips from $115.00 to $113.00 and set an “outperform” rating on the stock in a research note on Friday, July 11th. Citigroup dropped their price objective on ConocoPhillips from $140.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, June 11th. Raymond James Financial dropped their price objective on ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. Finally, Mizuho dropped their price objective on ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Sixteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average target price of $120.14.

ConocoPhillips Trading Up 1.7%

Shares of COP stock opened at $98.47 on Friday. The company’s fifty day simple moving average is $94.85 and its two-hundred day simple moving average is $93.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $116.08. The stock has a market capitalization of $122.98 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 2.55 and a beta of 0.69.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.06. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The business had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same quarter in the previous year, the firm posted $1.98 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were issued a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 annualized dividend and a dividend yield of 3.2%. ConocoPhillips’s dividend payout ratio is presently 41.88%.

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.