ConocoPhillips $COP Shares Bought by Motco

Motco raised its holdings in ConocoPhillips (NYSE:COP) by 21.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,114 shares of the energy producer’s stock after acquiring an additional 200 shares during the quarter. Motco’s holdings in ConocoPhillips were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of COP. Tritonpoint Wealth LLC lifted its stake in ConocoPhillips by 1.3% during the second quarter. Tritonpoint Wealth LLC now owns 8,329 shares of the energy producer’s stock valued at $747,000 after buying an additional 110 shares in the last quarter. Iowa State Bank lifted its stake in ConocoPhillips by 0.5% during the second quarter. Iowa State Bank now owns 22,193 shares of the energy producer’s stock valued at $1,992,000 after buying an additional 110 shares in the last quarter. First National Bank Sioux Falls lifted its stake in ConocoPhillips by 4.6% during the second quarter. First National Bank Sioux Falls now owns 2,572 shares of the energy producer’s stock valued at $231,000 after buying an additional 113 shares in the last quarter. KLCM Advisors Inc. lifted its stake in ConocoPhillips by 2.6% during the first quarter. KLCM Advisors Inc. now owns 4,503 shares of the energy producer’s stock valued at $473,000 after buying an additional 115 shares in the last quarter. Finally, Fairvoy Private Wealth LLC lifted its stake in ConocoPhillips by 3.5% during the second quarter. Fairvoy Private Wealth LLC now owns 3,500 shares of the energy producer’s stock valued at $314,000 after buying an additional 117 shares in the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on COP shares. Morgan Stanley reduced their price objective on shares of ConocoPhillips from $123.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. Evercore ISI reduced their price objective on shares of ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating for the company in a research note on Monday, October 6th. Capital One Financial upped their price objective on shares of ConocoPhillips from $111.00 to $112.00 in a research note on Friday, October 3rd. Wall Street Zen lowered shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Finally, Roth Capital reduced their price target on shares of ConocoPhillips from $108.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th. Eighteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips currently has a consensus rating of “Moderate Buy” and an average target price of $115.63.

ConocoPhillips Trading Up 1.3%

NYSE:COP opened at $87.96 on Thursday. The stock’s 50 day moving average price is $92.94 and its 200 day moving average price is $92.00. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $115.38. The company has a market capitalization of $109.86 billion, a P/E ratio of 11.81, a P/E/G ratio of 2.32 and a beta of 0.62. 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 released its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, topping 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 firm had revenue of $14.94 billion for 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. The firm’s revenue was up 4.3% on a year-over-year basis. On average, research analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a $0.78 dividend. The ex-dividend date was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.5%. ConocoPhillips’s dividend 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.