Aberdeen Group plc Has $72.04 Million Stock Holdings in ConocoPhillips $COP

Aberdeen Group plc grew its stake in shares of ConocoPhillips (NYSE:COP) by 0.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 802,727 shares of the energy producer’s stock after acquiring an additional 1,301 shares during the quarter. Aberdeen Group plc owned about 0.06% of ConocoPhillips worth $72,037,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Acima Private Wealth LLC lifted its position in shares of ConocoPhillips by 3.8% during the 2nd quarter. Acima Private Wealth LLC now owns 5,450 shares of the energy producer’s stock valued at $489,000 after acquiring an additional 200 shares during the period. Strengthening Families & Communities LLC lifted its position in shares of ConocoPhillips by 0.8% during the 2nd quarter. Strengthening Families & Communities LLC now owns 18,558 shares of the energy producer’s stock valued at $1,680,000 after acquiring an additional 140 shares during the period. PDS Planning Inc lifted its position in shares of ConocoPhillips by 7.1% during the 2nd quarter. PDS Planning Inc now owns 11,585 shares of the energy producer’s stock valued at $1,040,000 after acquiring an additional 764 shares during the period. Blue Trust Inc. lifted its position in shares of ConocoPhillips by 1.3% during the 2nd quarter. Blue Trust Inc. now owns 20,754 shares of the energy producer’s stock valued at $1,863,000 after acquiring an additional 276 shares during the period. Finally, Fourpath Capital Management LLC lifted its position in shares of ConocoPhillips by 3.6% during the 2nd quarter. Fourpath Capital Management LLC now owns 5,804 shares of the energy producer’s stock valued at $521,000 after acquiring an additional 201 shares during the period. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Price Performance

ConocoPhillips stock opened at $87.83 on Friday. 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 company has a market capitalization of $109.70 billion, a PE ratio of 11.79, a P/E/G ratio of 2.33 and a beta of 0.62. ConocoPhillips has a 12 month low of $79.88 and a 12 month 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.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, beating the consensus estimate of $1.36 by $0.06. The firm had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.39 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $1.98 earnings per share. Analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a $0.78 dividend. The ex-dividend date was Monday, August 18th. This represents a $3.12 annualized dividend and a yield of 3.6%. ConocoPhillips’s dividend payout ratio (DPR) is currently 41.88%.

Analyst Ratings Changes

A number of research firms have recently weighed in on COP. Mizuho cut their target price on ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Scotiabank upped their price objective on ConocoPhillips from $95.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Friday, July 11th. BMO Capital Markets upped their price objective on ConocoPhillips from $113.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. upped their price objective on ConocoPhillips from $114.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Melius Research began coverage on ConocoPhillips in a research report on Wednesday, August 20th. They set a “hold” rating and a $117.00 price objective for the company. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.23.

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.