Strengthening Families & Communities LLC Buys 140 Shares of ConocoPhillips $COP

Strengthening Families & Communities LLC increased its stake in shares of ConocoPhillips (NYSE:COP) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,558 shares of the energy producer’s stock after acquiring an additional 140 shares during the quarter. Strengthening Families & Communities LLC’s holdings in ConocoPhillips were worth $1,680,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. PDS Planning Inc increased its position in ConocoPhillips by 7.1% during the second quarter. PDS Planning Inc now owns 11,585 shares of the energy producer’s stock worth $1,040,000 after acquiring an additional 764 shares during the period. Blue Trust Inc. increased its holdings in ConocoPhillips by 1.3% in the 2nd quarter. Blue Trust Inc. now owns 20,754 shares of the energy producer’s stock valued at $1,863,000 after buying an additional 276 shares during the period. Fourpath Capital Management LLC increased its holdings in ConocoPhillips by 3.6% in the 2nd quarter. Fourpath Capital Management LLC now owns 5,804 shares of the energy producer’s stock valued at $521,000 after buying an additional 201 shares during the period. Robertson Stephens Wealth Management LLC increased its holdings in ConocoPhillips by 8.8% in the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 6,288 shares of the energy producer’s stock valued at $564,000 after buying an additional 507 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in ConocoPhillips by 7.2% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 40,994 shares of the energy producer’s stock valued at $3,679,000 after buying an additional 2,746 shares during the period. Institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. UBS Group boosted their price target on shares of ConocoPhillips from $116.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Barclays lowered their price target on shares of ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday. Melius assumed coverage on shares of ConocoPhillips in a report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 price target on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $117.00 price target (up previously from $113.00) on shares of ConocoPhillips in a report on Thursday, June 26th. Finally, Mizuho dropped their target price on shares of ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $117.23.

ConocoPhillips Trading Down 4.5%

COP stock opened at $87.83 on Friday. The business has a fifty day moving average price of $94.60 and a 200 day moving average price of $92.59. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $115.38. The stock has a market capitalization of $109.70 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 2.44 and a beta of 0.62. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10.

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

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips’s dividend payout ratio (DPR) is 41.88%.

About ConocoPhillips

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.