ConocoPhillips $COP Shares Acquired by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV increased its holdings in ConocoPhillips (NYSE:COP) by 60.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,939 shares of the energy producer’s stock after buying an additional 1,862 shares during the period. Creative Financial Designs Inc. ADV’s holdings in ConocoPhillips were worth $443,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Network Wealth Advisors LLC boosted its holdings in shares of ConocoPhillips by 341.5% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock valued at $30,000 after buying an additional 222 shares during the period. Stone House Investment Management LLC acquired a new position in shares of ConocoPhillips in the 1st quarter valued at about $31,000. Bogart Wealth LLC boosted its holdings in shares of ConocoPhillips by 136.8% in the 2nd 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 boosted its holdings in shares of ConocoPhillips by 249.5% in the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock valued at $29,000 after buying an additional 232 shares during the period. Finally, IMA Advisory Services Inc. acquired a new position in shares of ConocoPhillips in the 1st quarter valued at about $37,000. 82.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on COP shares. Roth Capital decreased their price target on shares of ConocoPhillips from $108.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, October 15th. Evercore ISI cut their price objective on shares of ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating on the stock in a research report on Monday, October 6th. Barclays cut their price objective on shares of ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Jefferies Financial Group cut their price objective on shares of ConocoPhillips from $129.00 to $120.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, Raymond James Financial cut their price objective on shares of ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. Eighteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average target price of $114.63.

ConocoPhillips Stock Up 1.0%

COP stock opened at $88.99 on Friday. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $115.38. The company has a market capitalization of $111.14 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.62. The firm’s 50-day moving average is $92.66 and its two-hundred day moving average is $92.03. 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 released its quarterly earnings results 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 net margin of 15.26% and a return on equity of 14.60%. The company had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the previous year, the firm earned $1.98 EPS. ConocoPhillips’s revenue was up 4.3% on a year-over-year basis. On average, analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, August 18th. ConocoPhillips’s payout ratio is 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.