2,460 Shares in ConocoPhillips $COP Bought by Alaska Wealth Advisors

Alaska Wealth Advisors acquired a new position in shares of ConocoPhillips (NYSE:COP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,460 shares of the energy producer’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cidel Asset Management Inc. increased its stake in ConocoPhillips by 2.2% in the 2nd quarter. Cidel Asset Management Inc. now owns 156,247 shares of the energy producer’s stock valued at $14,022,000 after buying an additional 3,431 shares during the last quarter. Forvis Mazars Wealth Advisors LLC increased its stake in ConocoPhillips by 2.3% in the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 47,358 shares of the energy producer’s stock valued at $4,250,000 after buying an additional 1,054 shares during the last quarter. Crux Wealth Advisors increased its stake in ConocoPhillips by 59.7% in the 2nd quarter. Crux Wealth Advisors now owns 11,830 shares of the energy producer’s stock valued at $1,062,000 after buying an additional 4,423 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in ConocoPhillips in the 2nd quarter valued at $4,011,000. Finally, Signature Estate & Investment Advisors LLC increased its stake in ConocoPhillips by 9.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 3,696 shares of the energy producer’s stock valued at $332,000 after buying an additional 330 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

COP has been the topic of several recent research reports. Melius Research initiated coverage on shares of ConocoPhillips in a research note on Wednesday, August 20th. They issued a “hold” rating and a $117.00 price target on the stock. Raymond James Financial lowered their price target on shares of ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. BMO Capital Markets lifted their price target on shares of ConocoPhillips from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Morgan Stanley lowered their price objective on shares of ConocoPhillips from $123.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 14th. Finally, Capital One Financial boosted their price objective on shares of ConocoPhillips from $111.00 to $112.00 in a research note on Friday, October 3rd. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

ConocoPhillips Stock Down 0.4%

ConocoPhillips stock opened at $86.53 on Monday. The firm has a market capitalization of $108.07 billion, a PE ratio of 11.61, a P/E/G ratio of 2.29 and a beta of 0.62. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. The company’s 50-day moving average is $94.04 and its 200-day moving average is $91.91. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $115.38.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, topping the consensus estimate of $1.36 by $0.06. The business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. ConocoPhillips’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.98 EPS. Sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current 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 issued 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 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.