Cypress Capital LLC Has $240,000 Holdings in ConocoPhillips $COP

Cypress Capital LLC lifted its position in ConocoPhillips (NYSE:COP) by 34.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,674 shares of the energy producer’s stock after buying an additional 692 shares during the quarter. Cypress Capital LLC’s holdings in ConocoPhillips were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Aberdeen Group plc boosted its holdings in shares of ConocoPhillips by 49.3% during the 1st quarter. Aberdeen Group plc now owns 801,426 shares of the energy producer’s stock worth $83,969,000 after buying an additional 264,726 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in ConocoPhillips by 17.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 154,360 shares of the energy producer’s stock worth $13,927,000 after acquiring an additional 22,827 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in ConocoPhillips by 2.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,395,546 shares of the energy producer’s stock worth $304,716,000 after acquiring an additional 78,642 shares during the last quarter. Commonwealth Retirement Investments LLC bought a new stake in shares of ConocoPhillips during the second quarter worth approximately $1,264,000. Finally, Ashton Thomas Private Wealth LLC grew its position in shares of ConocoPhillips by 17.7% in the first quarter. Ashton Thomas Private Wealth LLC now owns 37,361 shares of the energy producer’s stock valued at $3,924,000 after purchasing an additional 5,627 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Trading Up 1.3%

COP opened at $86.82 on Monday. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $115.38. The company has a fifty day moving average of $91.58 and a 200-day moving average of $92.01. The stock has a market cap of $108.43 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 2.36 and a beta of 0.58. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.20. The company had revenue of $15.03 billion for the quarter, compared to the consensus estimate of $14.51 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The firm’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 EPS. On average, sell-side analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, November 17th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.78. ConocoPhillips’s payout ratio is 47.52%.

Wall Street Analyst Weigh In

COP has been the subject of several research reports. Roth Capital dropped their price target on ConocoPhillips from $108.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, October 15th. Wolfe Research reissued an “outperform” rating and set a $131.00 target price on shares of ConocoPhillips in a report on Thursday. Melius Research started coverage on shares of ConocoPhillips in a research report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 target price for the company. Susquehanna decreased their price target on shares of ConocoPhillips to $113.00 and set a “positive” rating on the stock in a research note on Monday, October 20th. Finally, Evercore ISI dropped 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. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.54.

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.