Arkadios Wealth Advisors grew its position in shares of ConocoPhillips (NYSE:COP – Get Rating) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,356 shares of the energy producer's stock after acquiring an additional 132 shares during the quarter. Arkadios Wealth Advisors' holdings in ConocoPhillips were worth $481,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of COP. Delos Wealth Advisors LLC increased its holdings in shares of ConocoPhillips by 1,300.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 378 shares of the energy producer's stock valued at $27,000 after acquiring an additional 351 shares in the last quarter. James Investment Research Inc. bought a new stake in ConocoPhillips during the first quarter worth $29,000. Fairfield Bush & CO. bought a new stake in ConocoPhillips during the first quarter worth $31,000. Versant Capital Management Inc grew its holdings in ConocoPhillips by 93.1% during the first quarter. Versant Capital Management Inc now owns 365 shares of the energy producer's stock worth $37,000 after buying an additional 176 shares in the last quarter. Finally, DeDora Capital Inc. bought a new stake in ConocoPhillips during the first quarter worth $39,000. Institutional investors own 79.66% of the company's stock.
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Analyst Ratings Changes
Several brokerages recently issued reports on COP. Barclays upped their price target on ConocoPhillips from $142.00 to $153.00 and gave the stock an "overweight" rating in a report on Wednesday, August 31st. Piper Sandler upped their price target on ConocoPhillips from $123.00 to $134.00 and gave the stock an "overweight" rating in a report on Monday, September 12th. The Goldman Sachs Group decreased their price target on ConocoPhillips from $140.00 to $123.00 and set a "buy" rating for the company in a report on Wednesday, June 22nd. Mizuho cut their price objective on ConocoPhillips from $148.00 to $138.00 and set a "buy" rating on the stock in a research report on Thursday, August 18th. Finally, MKM Partners boosted their price objective on ConocoPhillips from $110.00 to $118.00 and gave the stock a "buy" rating in a research report on Friday, August 26th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ConocoPhillips has an average rating of "Moderate Buy" and an average target price of $121.79.
ConocoPhillips Stock Down 8.6 %
Shares of NYSE COP opened at $100.59 on Friday. ConocoPhillips has a one year low of $63.54 and a one year high of $124.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.54 and a quick ratio of 1.44. The business's fifty day moving average price is $102.78 and its 200-day moving average price is $101.29. The stock has a market capitalization of $130.11 billion, a PE ratio of 8.31, a P/E/G ratio of 0.39 and a beta of 1.31.
ConocoPhillips (NYSE:COP – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The energy producer reported $3.91 EPS for the quarter, beating analysts' consensus estimates of $3.78 by $0.13. ConocoPhillips had a return on equity of 31.24% and a net margin of 23.10%. The firm had revenue of $21.99 billion for the quarter, compared to analysts' expectations of $19.71 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. On average, equities research analysts anticipate that ConocoPhillips will post 14.54 EPS for the current year.
ConocoPhillips Dividend Announcement
The business also recently disclosed a None dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 29th will be issued a dividend of $1.40 per share. The ex-dividend date is Thursday, September 29th. ConocoPhillips's dividend payout ratio (DPR) is 15.19%.
Insider Buying and Selling
In related news, EVP Nicholas G. Olds sold 10,950 shares of the stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $116.52, for a total transaction of $1,275,894.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by insiders.
ConocoPhillips Company Profile
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ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's 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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