Allied Investment Advisors LLC Sells 409 Shares of ConocoPhillips $COP

Allied Investment Advisors LLC reduced its position in shares of ConocoPhillips (NYSE:COP) by 13.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,737 shares of the energy producer’s stock after selling 409 shares during the quarter. Allied Investment Advisors LLC’s holdings in ConocoPhillips were worth $246,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Schwartz Investment Counsel Inc. grew its stake in shares of ConocoPhillips by 159.6% during the 1st quarter. Schwartz Investment Counsel Inc. now owns 48,800 shares of the energy producer’s stock valued at $5,125,000 after purchasing an additional 30,000 shares during the period. Aberdeen Group plc lifted its position in shares of ConocoPhillips by 49.3% during the 1st quarter. Aberdeen Group plc now owns 801,426 shares of the energy producer’s stock valued at $83,969,000 after buying an additional 264,726 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of ConocoPhillips by 17.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 154,360 shares of the energy producer’s stock valued at $13,927,000 after buying an additional 22,827 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in shares of ConocoPhillips by 17.7% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 37,361 shares of the energy producer’s stock valued at $3,924,000 after buying an additional 5,627 shares in the last quarter. Finally, Lynx Investment Advisory lifted its position in shares of ConocoPhillips by 316.6% during the 1st quarter. Lynx Investment Advisory now owns 10,769 shares of the energy producer’s stock valued at $1,131,000 after buying an additional 8,184 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on COP. Melius Research began coverage on ConocoPhillips in a research report on Wednesday, August 20th. They set a “hold” rating and a $117.00 price objective on the stock. UBS Group lowered their price objective on ConocoPhillips from $124.00 to $122.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. JPMorgan Chase & Co. lifted their price objective on ConocoPhillips from $114.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Capital One Financial boosted their price target on ConocoPhillips from $111.00 to $112.00 in a report on Friday, October 3rd. Finally, Melius started coverage on ConocoPhillips in a report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 price target on the stock. Eighteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.63.

ConocoPhillips Stock Down 2.3%

Shares of COP opened at $88.01 on Friday. The stock has a market capitalization of $109.92 billion, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 2.40 and a beta of 0.62. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $115.38. The business’s 50 day simple moving average is $93.32 and its 200-day simple moving average is $91.92. 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 released its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.06. The firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS. As a group, equities analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips’s dividend payout ratio is 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.