Unison Advisors LLC Has $1.56 Million Holdings in ConocoPhillips $COP

Unison Advisors LLC grew its holdings in shares of ConocoPhillips (NYSE:COP) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,428 shares of the energy producer’s stock after purchasing an additional 157 shares during the period. Unison Advisors LLC’s holdings in ConocoPhillips were worth $1,564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Financial Network Wealth Advisors LLC grew its position in shares of ConocoPhillips by 341.5% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock worth $30,000 after purchasing an additional 222 shares in the last quarter. Stone House Investment Management LLC acquired a new position in shares of ConocoPhillips during the 1st quarter worth approximately $31,000. Activest Wealth Management grew its position in shares of ConocoPhillips by 249.5% during the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock worth $29,000 after purchasing an additional 232 shares in the last quarter. Garde Capital Inc. acquired a new position in shares of ConocoPhillips during the 1st quarter worth approximately $35,000. Finally, IMA Advisory Services Inc. acquired a new position in shares of ConocoPhillips during the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of ConocoPhillips from $123.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ConocoPhillips in a report on Wednesday, October 8th. Susquehanna cut their price target on shares of ConocoPhillips from $114.00 to $113.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. Piper Sandler cut their price target on shares of ConocoPhillips from $124.00 to $115.00 and set an “overweight” rating for the company in a report on Monday, October 13th. Finally, Capital One Financial upped their price target on shares of ConocoPhillips from $111.00 to $112.00 in a report on Friday, October 3rd. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus price target of $115.00.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $86.53 on Monday. The company has a market cap of $108.07 billion, a price-to-earnings ratio of 11.61, a PEG 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 firm has a 50 day simple moving average of $94.04 and a 200 day simple moving average of $91.91. ConocoPhillips has a one year low of $79.88 and a one year high of $115.38.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, beating 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%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.98 EPS. Research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

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

About ConocoPhillips

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.