One Wealth Advisors LLC Sells 151 Shares of ConocoPhillips $COP

One Wealth Advisors LLC reduced its holdings in shares of ConocoPhillips (NYSE:COP) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,460 shares of the energy producer’s stock after selling 151 shares during the quarter. One Wealth Advisors LLC’s holdings in ConocoPhillips were worth $310,000 at the end of the most recent quarter.

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

ConocoPhillips Stock Performance

ConocoPhillips stock opened at $94.63 on Wednesday. The firm has a fifty day simple moving average of $94.98 and a two-hundred day simple moving average of $92.98. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $116.08. 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 released its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, topping the consensus estimate of $1.36 by $0.06. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter in the previous year, the business earned $1.98 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Research analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips’s payout ratio is 41.88%.

Analyst Upgrades and Downgrades

Several research firms recently commented on COP. UBS Group boosted their target price on ConocoPhillips from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Morgan Stanley reissued an “overweight” rating and set a $123.00 price objective (up previously from $119.00) on shares of ConocoPhillips in a report on Sunday, August 10th. BMO Capital Markets upped their price objective on shares of ConocoPhillips from $113.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Scotiabank lifted their target price on shares of ConocoPhillips from $95.00 to $100.00 and gave the company a “sector perform” rating in a research report on Friday, July 11th. Finally, Royal Bank Of Canada cut their price target on shares of ConocoPhillips from $115.00 to $113.00 and set an “outperform” rating for the company in a research note on Friday, July 11th. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.14.

ConocoPhillips Company 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.