ConocoPhillips $COP Shares Sold by Cwm LLC

Cwm LLC lessened its holdings in ConocoPhillips (NYSE:COP) by 23.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 86,054 shares of the energy producer’s stock after selling 26,710 shares during the quarter. Cwm LLC’s holdings in ConocoPhillips were worth $7,722,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC boosted its holdings in ConocoPhillips by 341.5% in the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock worth $30,000 after acquiring an additional 222 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in ConocoPhillips in the first quarter worth about $31,000. Garde Capital Inc. acquired a new stake in ConocoPhillips in the first quarter worth about $35,000. IMA Advisory Services Inc. acquired a new stake in shares of ConocoPhillips during the first quarter worth about $37,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of 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 period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Monday. Roth Capital reaffirmed a “buy” rating on shares of ConocoPhillips in a report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ConocoPhillips in a report on Wednesday, October 8th. 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. Finally, Wall Street Zen raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Seventeen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $117.13.

ConocoPhillips Trading Down 0.7%

Shares of NYSE:COP opened at $88.17 on Wednesday. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $115.38. The company has a market capitalization of $110.11 billion, a PE ratio of 11.83, a PEG ratio of 2.36 and a beta of 0.62. The business has a 50 day moving average of $94.42 and a two-hundred day moving average of $92.32. 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 (NYSE:COP) last announced its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share (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 company had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the previous year, the company posted $1.98 earnings per share. ConocoPhillips’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.5%. ConocoPhillips’s payout ratio is 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.