Stableford Capital II LLC Buys 1,482 Shares of ConocoPhillips $COP

Stableford Capital II LLC increased its stake in shares of ConocoPhillips (NYSE:COP) by 15.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,807 shares of the energy producer’s stock after acquiring an additional 1,482 shares during the period. Stableford Capital II LLC’s holdings in ConocoPhillips were worth $1,026,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Financial Network Wealth Advisors LLC lifted its holdings in shares of ConocoPhillips by 341.5% in the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock valued at $30,000 after purchasing an additional 222 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of ConocoPhillips during the 1st quarter worth approximately $31,000. Garde Capital Inc. acquired a new stake in shares of ConocoPhillips in the first quarter valued at approximately $35,000. IMA Advisory Services Inc. bought a new stake in shares of ConocoPhillips in the first quarter worth $37,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in ConocoPhillips by 418.6% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer’s stock worth $38,000 after purchasing an additional 293 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

ConocoPhillips stock opened at $87.67 on Thursday. The company has a market capitalization of $109.49 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 2.36 and a beta of 0.62. The stock’s 50 day moving average is $94.31 and its 200-day moving average is $92.29. 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 has a 12 month low of $79.88 and a 12 month high of $115.38.

ConocoPhillips (NYSE:COP) last issued 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 for the quarter, compared to analyst estimates of $14.39 billion. During the same period in the prior year, the firm posted $1.98 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts expect that ConocoPhillips will post 8.16 EPS 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 $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, August 18th. ConocoPhillips’s payout ratio is presently 41.88%.

Analysts Set New Price Targets

COP has been the subject of a number of recent research reports. Melius assumed coverage on shares of ConocoPhillips in a research note on Wednesday, August 20th. They set a “hold” rating and a $117.00 price objective for the company. Capital One Financial upped their price objective on ConocoPhillips from $111.00 to $112.00 in a research note on Friday, October 3rd. Jefferies Financial Group lowered their target price on shares of ConocoPhillips from $129.00 to $120.00 and set a “buy” rating on the stock in a report on Monday. Susquehanna cut their price target on shares of ConocoPhillips from $114.00 to $113.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. Finally, UBS Group lowered their price objective on shares of ConocoPhillips from $124.00 to $122.00 and set a “buy” rating on the stock in a research note on Monday. Seventeen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.78.

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.