Capital Advisors Inc. OK lifted its stake in ConocoPhillips (NYSE:COP) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,795 shares of the energy producer’s stock after acquiring an additional 1,395 shares during the period. Capital Advisors Inc. OK’s holdings in ConocoPhillips were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Bay Harbor Wealth Management LLC lifted its stake in shares of ConocoPhillips by 3,096.2% in the 1st quarter. Bay Harbor Wealth Management LLC now owns 831 shares of the energy producer’s stock worth $26,000 after acquiring an additional 805 shares during the period. Blue Square Asset Management LLC acquired a new stake in ConocoPhillips during the second quarter valued at approximately $28,000. Lenox Wealth Advisors LLC lifted its stake in ConocoPhillips by 2,105.6% during the second quarter. Lenox Wealth Advisors LLC now owns 794 shares of the energy producer’s stock valued at $33,000 after purchasing an additional 758 shares during the last quarter. Financial Insights Inc. acquired a new stake in ConocoPhillips during the second quarter valued at approximately $33,000. Finally, Capital Advisory Group Advisory Services LLC purchased a new stake in shares of ConocoPhillips in the 1st quarter valued at approximately $34,000. 72.02% of the stock is owned by institutional investors.
Several equities research analysts recently commented on COP shares. Mizuho upped their price target on shares of ConocoPhillips from $37.00 to $46.00 in a research report on Friday, June 19th. SunTrust Banks started coverage on shares of ConocoPhillips in a research note on Thursday, July 23rd. They issued a “buy” rating and a $51.00 price objective on the stock. Morgan Stanley upped their price objective on shares of ConocoPhillips from $40.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Scotiabank dropped their price target on shares of ConocoPhillips from $50.00 to $45.00 and set a “sector perform” rating on the stock in a research note on Monday, July 13th. Finally, Cfra lowered shares of ConocoPhillips to a “hold” rating and set a $50.00 price target on the stock. in a research note on Wednesday, June 10th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.65.
ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, July 30th. The energy producer reported ($0.92) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.58) by ($0.34). The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.19 billion. ConocoPhillips had a return on equity of 3.72% and a net margin of 8.49%. During the same quarter in the previous year, the firm posted $1.01 earnings per share. As a group, equities analysts anticipate that ConocoPhillips will post -0.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, July 20th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.68 annualized dividend and a dividend yield of 4.79%. ConocoPhillips’s dividend payout ratio is currently 46.80%.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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