Lake Street Financial LLC Has $594,000 Stake in ConocoPhillips (NYSE:COP)

Lake Street Financial LLC decreased its holdings in ConocoPhillips (NYSE:COPGet Rating) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,612 shares of the energy producer’s stock after selling 504 shares during the period. Lake Street Financial LLC’s holdings in ConocoPhillips were worth $594,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. James Investment Research Inc. acquired a new position in shares of ConocoPhillips in the 1st quarter valued at about $29,000. Fairfield Bush & CO. acquired a new position in ConocoPhillips in the first quarter worth approximately $31,000. Versant Capital Management Inc increased its holdings in ConocoPhillips by 93.1% in the first quarter. Versant Capital Management Inc now owns 365 shares of the energy producer’s stock worth $37,000 after buying an additional 176 shares during the last quarter. Delos Wealth Advisors LLC increased its holdings in ConocoPhillips by 1,300.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 378 shares of the energy producer’s stock worth $27,000 after buying an additional 351 shares during the last quarter. Finally, DeDora Capital Inc. acquired a new position in ConocoPhillips in the first quarter worth approximately $39,000. Institutional investors and hedge funds own 79.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on COP shares. MKM Partners increased their price objective on ConocoPhillips from $110.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, August 26th. StockNews.com downgraded ConocoPhillips from a “buy” rating to a “hold” rating in a report on Tuesday, August 16th. Mizuho dropped their price objective on ConocoPhillips from $148.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, August 18th. Truist Financial dropped their price objective on ConocoPhillips from $126.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, July 13th. Finally, Societe Generale increased their price target on ConocoPhillips to $127.00 in a report on Thursday, June 9th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.79.

Insider Buying and Selling

In related news, EVP Nicholas G. Olds sold 10,950 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $116.52, for a total value of $1,275,894.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by company insiders.

ConocoPhillips Stock Down 0.7 %

COP opened at $112.07 on Wednesday. ConocoPhillips has a 1-year low of $57.72 and a 1-year high of $124.08. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $144.96 billion, a price-to-earnings ratio of 9.25, a P/E/G ratio of 0.37 and a beta of 1.31. The business has a 50 day moving average of $101.29 and a 200-day moving average of $101.11.

ConocoPhillips (NYSE:COPGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The energy producer reported $3.91 earnings per share for the quarter, missing the consensus estimate of $3.95 by ($0.04). ConocoPhillips had a net margin of 23.10% and a return on equity of 31.24%. During the same period in the prior year, the firm earned $1.27 earnings per share. As a group, sell-side analysts anticipate that ConocoPhillips will post 14.54 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently announced a None dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 29th will be given a $1.40 dividend. The ex-dividend date is Thursday, September 29th. ConocoPhillips’s dividend payout ratio (DPR) is currently 15.19%.

ConocoPhillips Profile

(Get Rating)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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