Strategies Wealth Advisors LLC Takes Position in ConocoPhillips $COP

Key Points

• Strategies Wealth Advisors LLC purchased 2,719 shares of ConocoPhillips, valued at approximately $286,000, as part of their first quarter investments.
• ConocoPhillips' recent earnings report revealed an earnings per share (EPS) of $1.42, exceeding estimates, and a quarterly revenue of $14.94 billion.
• The company announced a quarterly dividend of $0.78 that represents a 3.2% dividend yield, to be paid to shareholders on September 2nd.

Strategies Wealth Advisors LLC acquired a new stake in ConocoPhillips (NYSE:COP - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,719 shares of the energy producer's stock, valued at approximately $286,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. 10Elms LLP acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC grew its stake in ConocoPhillips by 341.5% in the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer's stock valued at $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. Garde Capital Inc. bought a new stake in shares of ConocoPhillips during the 1st quarter worth approximately $35,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of ConocoPhillips during the 1st quarter worth approximately $37,000. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Performance

COP stock traded up $0.91 during mid-day trading on Wednesday, hitting $97.96. 5,697,661 shares of the company were exchanged, compared to its average volume of 8,059,247. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $116.08. The stock has a market capitalization of $122.34 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 2.57 and a beta of 0.67. The business has a 50 day simple moving average of $93.89 and a 200-day simple moving average of $93.21. 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 - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.06. The business had revenue of $14.94 billion during the quarter, compared to analysts' expectations of $14.39 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $1.98 EPS. On average, equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, August 18th. ConocoPhillips's dividend payout ratio (DPR) is currently 41.88%.

Insiders Place Their Bets

In other ConocoPhillips news, EVP Kirk L. Johnson acquired 5,300 shares of the business's stock in a transaction on Monday, June 16th. The stock was purchased at an average price of $94.24 per share, with a total value of $499,472.00. Following the acquisition, the executive vice president directly owned 14,527 shares of the company's stock, valued at approximately $1,369,024.48. This trade represents a 57.44% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on COP. Royal Bank Of Canada decreased their target price on shares of ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a research note on Friday, July 11th. Melius Research assumed coverage on shares of ConocoPhillips in a research report on Wednesday, August 20th. They issued a "hold" rating and a $117.00 price objective for the company. Melius assumed coverage on shares of ConocoPhillips in a report on Wednesday, August 20th. They issued a "hold" rating and a $117.00 target price on the stock. Mizuho cut their target price on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $117.00 price target (up previously from $113.00) on shares of ConocoPhillips in a report on Thursday, June 26th. Sixteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $120.95.

ConocoPhillips Company 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.