ConocoPhillips $COP Shares Acquired by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC increased its stake in ConocoPhillips (NYSE:COP) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,329 shares of the energy producer’s stock after buying an additional 110 shares during the quarter. Tritonpoint Wealth LLC’s holdings in ConocoPhillips were worth $747,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Financial Network Wealth Advisors LLC grew its stake in shares of ConocoPhillips by 341.5% in the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock valued at $30,000 after buying an additional 222 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in ConocoPhillips during the 1st quarter valued at approximately $31,000. Garde Capital Inc. acquired a new stake in ConocoPhillips during the 1st quarter valued at approximately $35,000. IMA Advisory Services Inc. acquired a new stake in ConocoPhillips during the 1st quarter valued at approximately $37,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in ConocoPhillips by 418.6% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer’s stock valued at $38,000 after purchasing an additional 293 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup lowered their price objective on ConocoPhillips from $140.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, June 11th. Scotiabank raised their price objective on ConocoPhillips from $95.00 to $100.00 and gave the company a “sector perform” rating in a research note on Friday, July 11th. UBS Group raised their price objective on ConocoPhillips from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Mizuho lowered their price objective on ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Finally, Roth Capital reiterated a “buy” rating on shares of ConocoPhillips in a research report on Wednesday, September 3rd. Sixteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $120.14.

ConocoPhillips Trading Up 1.7%

NYSE:COP opened at $98.47 on Monday. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $116.08. The firm has a market capitalization of $122.98 billion, a P/E ratio of 13.22, a P/E/G ratio of 2.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. The business has a 50 day simple moving average of $94.85 and a 200 day simple moving average of $92.99.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.06. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same quarter in the previous year, the firm posted $1.98 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a dividend of $0.78 per share. The ex-dividend date was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.2%. ConocoPhillips’s payout ratio is currently 41.88%.

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.