Exencial Wealth Advisors LLC Has $1.77 Million Stock Position in ConocoPhillips $COP

Exencial Wealth Advisors LLC lowered its stake in ConocoPhillips (NYSE:COP) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,755 shares of the energy producer’s stock after selling 591 shares during the period. Exencial Wealth Advisors LLC’s holdings in ConocoPhillips were worth $1,773,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Schwartz Investment Counsel Inc. boosted its position in ConocoPhillips by 159.6% in the first quarter. Schwartz Investment Counsel Inc. now owns 48,800 shares of the energy producer’s stock valued at $5,125,000 after buying an additional 30,000 shares in the last quarter. Aberdeen Group plc boosted its position in ConocoPhillips by 49.3% in the first quarter. Aberdeen Group plc now owns 801,426 shares of the energy producer’s stock valued at $83,969,000 after buying an additional 264,726 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in ConocoPhillips by 17.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 154,360 shares of the energy producer’s stock valued at $13,927,000 after buying an additional 22,827 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its position in ConocoPhillips by 17.7% in the first quarter. Ashton Thomas Private Wealth LLC now owns 37,361 shares of the energy producer’s stock valued at $3,924,000 after buying an additional 5,627 shares in the last quarter. Finally, Lynx Investment Advisory raised its stake in shares of ConocoPhillips by 316.6% during the first quarter. Lynx Investment Advisory now owns 10,769 shares of the energy producer’s stock valued at $1,131,000 after acquiring an additional 8,184 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $87.45 on Thursday. 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 business has a 50-day moving average price of $93.58 and a two-hundred day moving average price of $91.85. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $115.38. The company has a market cap of $109.22 billion, a P/E ratio of 11.74, a PEG ratio of 2.28 and a beta of 0.62.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $14.39 billion. During the same period last year, the business posted $1.98 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on COP shares. Scotiabank lifted their price target on shares of ConocoPhillips from $95.00 to $100.00 and gave the stock a “sector perform” rating in a report on Friday, July 11th. Wells Fargo & Company started coverage on shares of ConocoPhillips in a report on Friday, October 17th. They set an “equal weight” rating and a $100.00 price target on the stock. Morgan Stanley cut their price target on shares of ConocoPhillips from $123.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, October 14th. Melius Research started coverage on shares of ConocoPhillips in a report on Wednesday, August 20th. They set a “hold” rating and a $117.00 price target on the stock. Finally, UBS Group cut their price target on shares of ConocoPhillips from $124.00 to $122.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.63.

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.