Fiduciary Family Office LLC Has $266,000 Holdings in ConocoPhillips $COP

Fiduciary Family Office LLC cut its holdings in ConocoPhillips (NYSE:COP) by 4.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,961 shares of the energy producer’s stock after selling 151 shares during the quarter. Fiduciary Family Office LLC’s holdings in ConocoPhillips were worth $266,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in COP. Bogart Wealth LLC lifted its stake in ConocoPhillips by 136.8% in the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after buying an additional 182 shares during the period. Activest Wealth Management increased its holdings in shares of ConocoPhillips by 249.5% during the second quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock valued at $29,000 after acquiring an additional 232 shares in the last quarter. Financial Network Wealth Advisors LLC increased its holdings in shares of ConocoPhillips by 341.5% during the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock valued at $30,000 after acquiring an additional 222 shares in the last quarter. Stone House Investment Management LLC bought a new stake in shares of ConocoPhillips during the first quarter valued at approximately $31,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of ConocoPhillips during the first quarter valued at approximately $37,000. 82.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on COP shares. Mizuho decreased their price objective on ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, September 15th. JPMorgan Chase & Co. boosted their price objective on ConocoPhillips from $114.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Capital One Financial boosted their price objective on ConocoPhillips from $111.00 to $112.00 in a report on Friday, October 3rd. Raymond James Financial decreased their price objective on ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, September 8th. Finally, Piper Sandler decreased their price objective on ConocoPhillips from $124.00 to $115.00 and set an “overweight” rating for the company in a report on Monday, October 13th. Eighteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and an average price target of $115.63.

ConocoPhillips Trading Down 0.8%

Shares of ConocoPhillips stock opened at $86.39 on Wednesday. The stock has a fifty day simple moving average of $93.75 and a 200 day simple moving average of $91.88. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $115.38. The company has a market capitalization of $107.90 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.30 and a beta of 0.62. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) 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 business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter in the prior year, the company posted $1.98 earnings per share. ConocoPhillips’s revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, August 18th. ConocoPhillips’s dividend payout ratio is 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.