ConocoPhillips $COP Shares Purchased by QTR Family Wealth LLC

QTR Family Wealth LLC increased its stake in shares of ConocoPhillips (NYSE:COP) by 31.5% in the second quarter, HoldingsChannel.com reports. The firm owned 3,254 shares of the energy producer’s stock after buying an additional 779 shares during the period. QTR Family Wealth LLC’s holdings in ConocoPhillips were worth $292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COP. NBC Securities Inc. grew its stake in shares of ConocoPhillips by 114,680.0% in the first quarter. NBC Securities Inc. now owns 5,739 shares of the energy producer’s stock valued at $602,000 after buying an additional 5,734 shares in the last quarter. LVW Advisors LLC lifted its stake in ConocoPhillips by 19.8% during the 1st quarter. LVW Advisors LLC now owns 2,482 shares of the energy producer’s stock worth $261,000 after acquiring an additional 410 shares in the last quarter. Merit Financial Group LLC lifted its stake in ConocoPhillips by 89.4% during the 1st quarter. Merit Financial Group LLC now owns 53,174 shares of the energy producer’s stock worth $5,584,000 after acquiring an additional 25,097 shares in the last quarter. Capital Asset Advisory Services LLC boosted its holdings in ConocoPhillips by 3.4% during the 1st quarter. Capital Asset Advisory Services LLC now owns 25,323 shares of the energy producer’s stock valued at $2,687,000 after acquiring an additional 833 shares during the period. Finally, RFG Advisory LLC grew its position in ConocoPhillips by 71.0% in the 1st quarter. RFG Advisory LLC now owns 12,400 shares of the energy producer’s stock valued at $1,302,000 after acquiring an additional 5,149 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company reissued an “overweight” rating and set a $117.00 price target (up previously from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Scotiabank upped their price objective on ConocoPhillips from $95.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Friday, July 11th. Melius began coverage on ConocoPhillips in a report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 target price for the company. BMO Capital Markets upped their price target on ConocoPhillips from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Finally, Citigroup decreased their price objective on ConocoPhillips from $140.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, June 11th. Sixteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $120.14.

ConocoPhillips Stock Down 1.3%

Shares of NYSE:COP opened at $94.63 on Wednesday. The firm has a 50 day simple moving average of $94.98 and a 200-day simple moving average of $92.98. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $116.08. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $118.19 billion, a PE ratio of 12.70, a P/E/G ratio of 2.52 and a beta of 0.69.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, August 7th. The energy producer reported $1.42 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 firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same period last year, the firm posted $1.98 EPS. The company’s revenue was up 4.3% on a year-over-year basis. On average, equities analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips’s 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.