Klein Pavlis & Peasley Financial Inc. Buys 1,300 Shares of ConocoPhillips $COP

Klein Pavlis & Peasley Financial Inc. grew its stake in ConocoPhillips (NYSE:COP) by 5.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,926 shares of the energy producer’s stock after acquiring an additional 1,300 shares during the period. ConocoPhillips accounts for about 1.6% of Klein Pavlis & Peasley Financial Inc.’s investment portfolio, making the stock its 22nd biggest position. Klein Pavlis & Peasley Financial Inc.’s holdings in ConocoPhillips were worth $2,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of COP. AdvisorNet Financial Inc raised its position in ConocoPhillips by 15.0% in the 1st quarter. AdvisorNet Financial Inc now owns 3,811 shares of the energy producer’s stock worth $400,000 after purchasing an additional 497 shares during the last quarter. Burns J W & Co. Inc. NY acquired a new stake in shares of ConocoPhillips in the 1st quarter valued at $223,000. Cascade Investment Advisors Inc. raised its position in shares of ConocoPhillips by 3.3% during the first quarter. Cascade Investment Advisors Inc. now owns 15,635 shares of the energy producer’s stock worth $1,642,000 after acquiring an additional 500 shares during the last quarter. Peoples Bank KS lifted its stake in shares of ConocoPhillips by 99.3% during the first quarter. Peoples Bank KS now owns 2,790 shares of the energy producer’s stock valued at $293,000 after acquiring an additional 1,390 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of ConocoPhillips by 7.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 19,521 shares of the energy producer’s stock valued at $2,050,000 after acquiring an additional 1,273 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

COP opened at $98.47 on Monday. The stock has a market cap 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. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $116.08. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $94.85 and a 200 day simple moving average of $92.99.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.06. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The firm had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same period in the previous year, the company posted $1.98 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, research analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

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

Analyst Ratings Changes

Several brokerages have weighed in on COP. Wells Fargo & Company reissued an “overweight” rating and set a $117.00 price objective (up from $113.00) on shares of ConocoPhillips in a report on Thursday, June 26th. Roth Capital reiterated a “buy” rating on shares of ConocoPhillips in a research report on Wednesday, September 3rd. Citigroup cut their price objective on shares of ConocoPhillips from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, June 11th. BMO Capital Markets lifted their target price on shares of ConocoPhillips from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $123.00 target price (up previously from $119.00) on shares of ConocoPhillips in a research report on Sunday, August 10th. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $120.14.

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.