WBH Advisory Inc. Sells 272 Shares of ConocoPhillips (NYSE:COP)

WBH Advisory Inc. lowered its holdings in shares of ConocoPhillips (NYSE:COPGet Rating) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,738 shares of the energy producer’s stock after selling 272 shares during the quarter. WBH Advisory Inc.’s holdings in ConocoPhillips were worth $662,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. James Investment Research Inc. bought a new position in shares of ConocoPhillips in the first quarter worth about $29,000. Fairfield Bush & CO. bought a new stake in shares of ConocoPhillips during the first quarter valued at approximately $31,000. Versant Capital Management Inc boosted its holdings in shares of ConocoPhillips by 93.1% in the first quarter. Versant Capital Management Inc now owns 365 shares of the energy producer’s stock valued at $37,000 after purchasing an additional 176 shares during the period. Delos Wealth Advisors LLC grew its stake 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 purchasing an additional 351 shares in the last quarter. Finally, DeDora Capital Inc. purchased a new position in ConocoPhillips during the 1st quarter worth $39,000. Institutional investors own 79.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on COP shares. StockNews.com downgraded ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Tuesday, August 16th. Morgan Stanley boosted their price target on shares of ConocoPhillips from $117.00 to $118.00 and gave the company an “overweight” rating in a report on Monday, August 29th. The Goldman Sachs Group dropped their price objective on shares of ConocoPhillips from $140.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, June 22nd. Barclays boosted their price objective on shares of ConocoPhillips from $142.00 to $153.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 31st. Finally, Piper Sandler increased their target price on ConocoPhillips from $123.00 to $134.00 and gave the company an “overweight” rating in a research report on Monday, September 12th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.79.

Insider Activity at ConocoPhillips

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

ConocoPhillips Stock Performance

Shares of COP opened at $112.87 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.54. The stock has a 50-day moving average of $100.72 and a two-hundred day moving average of $101.04. The stock has a market cap of $145.99 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.37 and a beta of 1.31. ConocoPhillips has a one year low of $56.30 and a one year high of $124.08.

ConocoPhillips (NYSE:COPGet Rating) last released its earnings results on Thursday, August 4th. The energy producer reported $3.91 EPS for the quarter, missing analysts’ consensus estimates of $3.95 by ($0.04). ConocoPhillips had a return on equity of 31.24% and a net margin of 23.10%. During the same period last year, the company posted $1.27 EPS. As a group, research analysts predict that ConocoPhillips will post 14.68 EPS for the current year.

ConocoPhillips Dividend Announcement

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

ConocoPhillips Profile

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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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