ConocoPhillips $COP Stock Holdings Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its position in shares of ConocoPhillips (NYSE:COP) by 15.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,741 shares of the energy producer’s stock after buying an additional 8,220 shares during the period. Sequoia Financial Advisors LLC’s holdings in ConocoPhillips were worth $8,282,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Concurrent Investment Advisors LLC increased its position in ConocoPhillips by 31.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 86,171 shares of the energy producer’s stock worth $8,067,000 after buying an additional 20,501 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of ConocoPhillips by 10.5% during the fourth quarter. D.A. Davidson & CO. now owns 155,662 shares of the energy producer’s stock valued at $14,572,000 after acquiring an additional 14,833 shares during the period. Czech National Bank boosted its holdings in shares of ConocoPhillips by 2.7% during the fourth quarter. Czech National Bank now owns 325,841 shares of the energy producer’s stock valued at $30,502,000 after acquiring an additional 8,635 shares during the period. Assetmark Inc. grew its position in shares of ConocoPhillips by 17.6% during the fourth quarter. Assetmark Inc. now owns 410,229 shares of the energy producer’s stock worth $38,402,000 after acquiring an additional 61,361 shares during the last quarter. Finally, BXM Wealth LLC increased its holdings in shares of ConocoPhillips by 691.6% in the 4th quarter. BXM Wealth LLC now owns 40,016 shares of the energy producer’s stock worth $3,746,000 after acquiring an additional 34,961 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on COP. Scotiabank lifted their price objective on shares of ConocoPhillips from $100.00 to $125.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. UBS Group decreased their target price on shares of ConocoPhillips from $155.00 to $143.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup raised their price target on shares of ConocoPhillips from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Mizuho reduced their price objective on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Finally, Piper Sandler increased their price objective on ConocoPhillips from $154.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.04.

ConocoPhillips Price Performance

COP traded up $1.04 on Friday, reaching $109.06. The company had a trading volume of 6,977,036 shares, compared to its average volume of 7,638,942. The company has a fifty day moving average of $114.15 and a 200-day moving average of $112.66. The company has a market capitalization of $132.86 billion, a P/E ratio of 18.52, a PEG ratio of 1.31 and a beta of 0.12. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the previous year, the firm earned $2.09 EPS. ConocoPhillips’s revenue was down 6.1% on a year-over-year basis. As a group, equities research analysts anticipate that ConocoPhillips will post 9.28 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is currently 57.05%.

ConocoPhillips Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.