JFS Wealth Advisors LLC Sells 348 Shares of ConocoPhillips $COP

JFS Wealth Advisors LLC trimmed its stake in shares of ConocoPhillips (NYSE:COP) by 21.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,297 shares of the energy producer’s stock after selling 348 shares during the quarter. JFS Wealth Advisors LLC’s holdings in ConocoPhillips were worth $116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Strengthening Families & Communities LLC raised its position in shares of ConocoPhillips by 0.8% during the second quarter. Strengthening Families & Communities LLC now owns 18,558 shares of the energy producer’s stock worth $1,680,000 after acquiring an additional 140 shares during the last quarter. PDS Planning Inc increased its holdings in ConocoPhillips by 7.1% in the second quarter. PDS Planning Inc now owns 11,585 shares of the energy producer’s stock worth $1,040,000 after purchasing an additional 764 shares in the last quarter. Blue Trust Inc. increased its holdings in ConocoPhillips by 1.3% in the second quarter. Blue Trust Inc. now owns 20,754 shares of the energy producer’s stock worth $1,863,000 after purchasing an additional 276 shares in the last quarter. Fourpath Capital Management LLC increased its holdings in ConocoPhillips by 3.6% in the second quarter. Fourpath Capital Management LLC now owns 5,804 shares of the energy producer’s stock worth $521,000 after purchasing an additional 201 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC increased its holdings in ConocoPhillips by 8.8% in the second quarter. Robertson Stephens Wealth Management LLC now owns 6,288 shares of the energy producer’s stock worth $564,000 after purchasing an additional 507 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Evercore ISI lowered their target price on ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating for the company in a report on Monday, October 6th. BMO Capital Markets lifted their target price on ConocoPhillips from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Scotiabank lifted their target price on ConocoPhillips from $95.00 to $100.00 and gave the stock a “sector perform” rating in a report on Friday, July 11th. Roth Capital reiterated a “buy” rating on shares of ConocoPhillips in a report on Wednesday, September 3rd. Finally, Barclays lowered their target price on ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating for the company in a report on Tuesday. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $117.23.

ConocoPhillips Trading Down 4.5%

Shares of ConocoPhillips stock opened at $87.83 on Friday. 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 has a 52 week low of $79.88 and a 52 week high of $115.38. The stock has a 50 day moving average price of $94.60 and a two-hundred day moving average price of $92.52. The stock has a market capitalization of $109.70 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 2.33 and a beta of 0.62.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $14.39 billion. During the same quarter last year, the firm posted $1.98 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors 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 annualized dividend and a dividend yield of 3.6%. ConocoPhillips’s payout ratio is presently 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.