V Square Quantitative Management LLC Acquires 1,568 Shares of ConocoPhillips $COP

V Square Quantitative Management LLC lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 9.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 17,939 shares of the energy producer’s stock after purchasing an additional 1,568 shares during the period. V Square Quantitative Management LLC’s holdings in ConocoPhillips were worth $1,610,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in COP. Financial Network Wealth Advisors LLC grew 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 worth $30,000 after purchasing an additional 222 shares during the last quarter. Stone House Investment Management LLC bought a new position in ConocoPhillips in the first quarter valued at about $31,000. Garde Capital Inc. bought a new position in ConocoPhillips in the first quarter valued at about $35,000. IMA Advisory Services Inc. bought a new position in ConocoPhillips in the first quarter valued at about $37,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in ConocoPhillips by 418.6% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer’s stock valued at $38,000 after acquiring an additional 293 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on COP. Raymond James Financial decreased their price target on ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. Melius began coverage on ConocoPhillips in a report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 price target on the stock. UBS Group raised their price target on ConocoPhillips from $116.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. BMO Capital Markets raised their price target on ConocoPhillips from $113.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, September 22nd. Finally, Roth Capital reiterated a “buy” rating on shares of ConocoPhillips in a report on Wednesday, September 3rd. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and an average price target of $120.14.

ConocoPhillips Trading Up 1.7%

NYSE:COP opened at $98.47 on Monday. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $116.08. The business’s 50-day moving average price is $94.85 and its two-hundred day moving average price is $92.99. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $122.98 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 2.59 and a beta of 0.69.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, beating 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 firm had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same quarter in the prior year, the firm posted $1.98 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.2%. ConocoPhillips’s dividend payout ratio (DPR) is currently 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.