Tyler Stone Wealth Management Grows Stake in ConocoPhillips (NYSE:COP)

Tyler Stone Wealth Management raised its stake in shares of ConocoPhillips (NYSE:COP) by 191.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,463 shares of the energy producer’s stock after purchasing an additional 3,591 shares during the period. Tyler Stone Wealth Management’s holdings in ConocoPhillips were worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Verus Capital Partners LLC lifted its holdings in shares of ConocoPhillips by 7.8% in the 1st quarter. Verus Capital Partners LLC now owns 4,528 shares of the energy producer’s stock worth $576,000 after acquiring an additional 326 shares during the last quarter. Qsemble Capital Management LP lifted its holdings in shares of ConocoPhillips by 20.1% in the 1st quarter. Qsemble Capital Management LP now owns 11,645 shares of the energy producer’s stock worth $1,482,000 after buying an additional 1,945 shares during the period. Avantax Advisory Services Inc. grew its position in shares of ConocoPhillips by 40.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 105,832 shares of the energy producer’s stock worth $13,470,000 after buying an additional 30,471 shares in the last quarter. Heritage Wealth Advisors increased its stake in shares of ConocoPhillips by 8.5% during the first quarter. Heritage Wealth Advisors now owns 356,365 shares of the energy producer’s stock valued at $45,358,000 after buying an additional 27,815 shares during the period. Finally, Bleakley Financial Group LLC raised its holdings in shares of ConocoPhillips by 5.3% in the first quarter. Bleakley Financial Group LLC now owns 33,371 shares of the energy producer’s stock valued at $4,247,000 after acquiring an additional 1,672 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

Insider Transactions at ConocoPhillips

In related news, Director Timothy A. Leach sold 55,500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total value of $6,000,105.00. Following the completion of the transaction, the director now owns 455,909 shares of the company’s stock, valued at approximately $49,288,321.99. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. StockNews.com cut shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Barclays increased their target price on ConocoPhillips from $135.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Mizuho boosted their price target on ConocoPhillips from $129.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Scotiabank dropped their price objective on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $140.00 price target on shares of ConocoPhillips in a research report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and a consensus price target of $137.47.

ConocoPhillips Stock Performance

NYSE COP opened at $111.59 on Monday. ConocoPhillips has a fifty-two week low of $101.29 and a fifty-two week high of $135.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. The firm has a market capitalization of $128.43 billion, a P/E ratio of 13.27, a PEG ratio of 0.91 and a beta of 1.21. The stock has a 50-day simple moving average of $107.73 and a two-hundred day simple moving average of $112.28.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, topping the consensus estimate of $1.68 by $0.10. The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.97 billion. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.16 EPS. On average, equities analysts forecast that ConocoPhillips will post 7.8 earnings per share for the current year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.80%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio is 37.10%.

ConocoPhillips Company 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.