111 Capital Makes New $2 Million Investment in ConocoPhillips $COP

111 Capital bought a new position in shares of ConocoPhillips (NYSE:COP) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 22,328 shares of the energy producer’s stock, valued at approximately $2,004,000.

A number of other large investors also recently bought and sold shares of COP. Tritonpoint Wealth LLC lifted its holdings in shares of ConocoPhillips by 1.3% in the 2nd quarter. Tritonpoint Wealth LLC now owns 8,329 shares of the energy producer’s stock worth $747,000 after purchasing an additional 110 shares during the last quarter. First National Bank Sioux Falls lifted its holdings in shares of ConocoPhillips by 4.6% in the 2nd quarter. First National Bank Sioux Falls now owns 2,572 shares of the energy producer’s stock worth $231,000 after purchasing an additional 113 shares during the last quarter. KLCM Advisors Inc. lifted its holdings in shares of ConocoPhillips by 2.6% in the 1st quarter. KLCM Advisors Inc. now owns 4,503 shares of the energy producer’s stock worth $473,000 after purchasing an additional 115 shares during the last quarter. Fairvoy Private Wealth LLC lifted its holdings in shares of ConocoPhillips by 3.5% in the 2nd quarter. Fairvoy Private Wealth LLC now owns 3,500 shares of the energy producer’s stock worth $314,000 after purchasing an additional 117 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its holdings in shares of ConocoPhillips by 3.9% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 3,177 shares of the energy producer’s stock worth $334,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of ConocoPhillips in a report on Saturday, September 27th. Wall Street Zen upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Morgan Stanley restated an “overweight” rating and issued a $123.00 target price (up from $119.00) on shares of ConocoPhillips in a research report on Sunday, August 10th. Citigroup lowered their target price on ConocoPhillips from $140.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, June 11th. Finally, UBS Group raised their target price on ConocoPhillips from $116.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $120.14.

ConocoPhillips Stock Up 0.8%

Shares of COP stock opened at $94.17 on Friday. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $116.08. The stock has a market cap of $117.61 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 2.46 and a beta of 0.62. The business’s fifty day moving average is $94.92 and its 200-day moving average is $92.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) for the quarter, beating 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 company had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same period last year, the firm earned $1.98 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 annualized dividend and a dividend yield of 3.3%. ConocoPhillips’s dividend payout ratio (DPR) is currently 41.88%.

ConocoPhillips 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.