ConocoPhillips $COP Shares Bought by Your Advocates Ltd. LLP

Your Advocates Ltd. LLP lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 55.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,435 shares of the energy producer’s stock after buying an additional 6,234 shares during the period. ConocoPhillips comprises 0.6% of Your Advocates Ltd. LLP’s investment portfolio, making the stock its 14th biggest holding. Your Advocates Ltd. LLP’s holdings in ConocoPhillips were worth $1,565,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Bogart Wealth LLC lifted its holdings in ConocoPhillips by 136.8% in the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after acquiring an additional 182 shares during the period. Activest Wealth Management lifted its stake in shares of ConocoPhillips by 249.5% in the second quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock valued at $29,000 after purchasing an additional 232 shares during the period. Financial Network Wealth Advisors LLC lifted its stake 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 during the period. Stone House Investment Management LLC acquired a new position in ConocoPhillips during the first quarter worth about $31,000. Finally, IMA Advisory Services Inc. purchased a new position in ConocoPhillips in the first quarter valued at about $37,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on COP shares. Melius Research started coverage on ConocoPhillips in a research note on Wednesday, August 20th. They set a “hold” rating and a $117.00 price target on the stock. Mizuho decreased their target price on ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Piper Sandler reduced their price objective on shares of ConocoPhillips from $124.00 to $115.00 and set an “overweight” rating on the stock in a research note on Monday, October 13th. The Goldman Sachs Group decreased their price objective on ConocoPhillips from $111.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, October 17th. Finally, Susquehanna lowered their price objective on ConocoPhillips to $113.00 and set a “positive” rating for the company in a research report on Monday, October 20th. Eighteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $115.33.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $89.38 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $115.38. The company has a market capitalization of $110.45 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 2.36 and a beta of 0.58. The business has a 50-day moving average of $90.96 and a 200-day moving average of $91.94.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.20. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The company had revenue of $15.03 billion for the quarter, compared to analyst estimates of $14.51 billion. During the same quarter last year, the firm posted $1.78 earnings per share. The business’s quarterly revenue was up 14.1% on a year-over-year basis. On average, equities analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, November 17th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.78. ConocoPhillips’s dividend payout ratio is currently 47.52%.

Insider Activity

In other ConocoPhillips news, Director William H. Mcraven bought 5,768 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were acquired at an average cost of $86.68 per share, with a total value of $499,970.24. Following the completion of the transaction, the director owned 5,768 shares in the company, valued at $499,970.24. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

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.