Impact Capital Partners LLC Has $230,000 Holdings in ConocoPhillips $COP

Impact Capital Partners LLC cut its stake in shares of ConocoPhillips (NYSE:COP) by 33.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,566 shares of the energy producer’s stock after selling 1,270 shares during the period. Impact Capital Partners LLC’s holdings in ConocoPhillips were worth $230,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Tritonpoint Wealth LLC raised its position in ConocoPhillips by 1.3% during the 2nd quarter. Tritonpoint Wealth LLC now owns 8,329 shares of the energy producer’s stock worth $747,000 after purchasing an additional 110 shares during the last quarter. First National Bank Sioux Falls raised its position in ConocoPhillips by 4.6% during the 2nd quarter. First National Bank Sioux Falls now owns 2,572 shares of the energy producer’s stock worth $231,000 after purchasing an additional 113 shares during the last quarter. KLCM Advisors Inc. raised its position in ConocoPhillips by 2.6% during the 1st quarter. KLCM Advisors Inc. now owns 4,503 shares of the energy producer’s stock worth $473,000 after purchasing an additional 115 shares during the last quarter. Deseret Mutual Benefit Administrators raised its position in ConocoPhillips by 3.9% during the 1st quarter. Deseret Mutual Benefit Administrators now owns 3,177 shares of the energy producer’s stock worth $334,000 after purchasing an additional 118 shares during the last quarter. Finally, Oregon Pacific Wealth Management LLC raised its position in ConocoPhillips by 5.8% during the 2nd quarter. Oregon Pacific Wealth Management LLC now owns 2,229 shares of the energy producer’s stock worth $200,000 after purchasing an additional 123 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $95.39 on Thursday. ConocoPhillips has a one year low of $79.88 and a one year high of $116.08. The firm has a market capitalization of $119.13 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 2.49 and a beta of 0.62. The business has a 50-day simple moving average of $94.98 and a 200 day simple moving average of $93.00. 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 (NYSE:COP) last issued 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 return on equity of 14.60% and a net margin of 15.26%.The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same period in the previous year, the company posted $1.98 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given 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 presently 41.88%.

Analyst Ratings Changes

Several research analysts recently issued reports on COP shares. Morgan Stanley reaffirmed an “overweight” rating and set a $123.00 target price (up from $119.00) on shares of ConocoPhillips in a research report on Sunday, August 10th. Melius initiated coverage on ConocoPhillips in a research report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 price objective for the company. Roth Capital reissued a “buy” rating on shares of ConocoPhillips in a research report on Wednesday, September 3rd. Melius Research initiated coverage on ConocoPhillips in a research report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 price objective for the company. Finally, Mizuho lowered their price objective on ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and a consensus target price of $120.14.

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.