Capital Advisors Inc. OK Sells 266 Shares of ConocoPhillips $COP

Capital Advisors Inc. OK trimmed its holdings in shares of ConocoPhillips (NYSE:COP) by 0.8% during the second quarter, HoldingsChannel reports. The firm owned 31,588 shares of the energy producer’s stock after selling 266 shares during the quarter. Capital Advisors Inc. OK’s holdings in ConocoPhillips were worth $2,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Iowa State Bank raised its stake in shares of ConocoPhillips by 0.5% during the 2nd quarter. Iowa State Bank now owns 22,193 shares of the energy producer’s stock worth $1,992,000 after purchasing an additional 110 shares during the period. Valley National Advisers Inc. raised its stake in shares of ConocoPhillips by 28.4% during the 2nd quarter. Valley National Advisers Inc. now owns 2,493 shares of the energy producer’s stock worth $223,000 after purchasing an additional 552 shares during the period. Sendero Wealth Management LLC increased its holdings in ConocoPhillips by 3.6% in the 2nd quarter. Sendero Wealth Management LLC now owns 115,040 shares of the energy producer’s stock worth $10,324,000 after acquiring an additional 3,944 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in ConocoPhillips by 6,156.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,508,169 shares of the energy producer’s stock valued at $135,343,000 after acquiring an additional 1,484,062 shares during the period. Finally, Knights of Columbus Asset Advisors LLC raised its stake in ConocoPhillips by 1.6% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 84,526 shares of the energy producer’s stock valued at $7,585,000 after acquiring an additional 1,328 shares during the period. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Up 0.8%

COP stock opened at $94.17 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $117.61 billion, a PE ratio of 12.64, a PEG ratio of 2.49 and a beta of 0.62. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $116.08. The stock has a 50-day simple moving average of $94.92 and a two-hundred day simple moving average of $92.79.

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

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a dividend of $0.78 per share. 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%.

Wall Street Analyst Weigh In

COP has been the topic of a number of research reports. Capital One Financial boosted their price objective on ConocoPhillips from $111.00 to $112.00 in a research note on Friday. Susquehanna lowered their price objective on ConocoPhillips from $114.00 to $113.00 and set a “positive” rating on the stock in a research note on Wednesday, July 23rd. Citigroup lowered 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. Wall Street Zen upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Finally, Royal Bank Of Canada lowered 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. Sixteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $119.77.

About ConocoPhillips

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.