Ameritas Advisory Services LLC Sells 4,439 Shares of ConocoPhillips $COP

Key Points

• Ameritas Advisory Services LLC sold 4,439 shares of ConocoPhillips, reducing its holdings by 28.9% to a total of 10,947 shares, valued at approximately $982,000.
• ConocoPhillips reported a quarterly EPS of $1.42, exceeding estimates, with revenue of $14.94 billion, marking a 4.3% increase year-over-year.
• The company announced a quarterly dividend of $0.78, translating to an annualized yield of 3.3%, with a payout ratio of 41.88%.

Ameritas Advisory Services LLC decreased its holdings in ConocoPhillips (NYSE:COP - Free Report) by 28.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,947 shares of the energy producer's stock after selling 4,439 shares during the quarter. Ameritas Advisory Services LLC's holdings in ConocoPhillips were worth $982,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of COP. Vest Financial LLC raised its position in ConocoPhillips by 45.8% in the 1st quarter. Vest Financial LLC now owns 16,418 shares of the energy producer's stock valued at $1,724,000 after purchasing an additional 5,158 shares during the last quarter. Curat Global LLC bought a new position in ConocoPhillips in the 1st quarter valued at $54,000. Procyon Advisors LLC raised its position in ConocoPhillips by 2.6% in the 1st quarter. Procyon Advisors LLC now owns 19,322 shares of the energy producer's stock valued at $2,029,000 after purchasing an additional 484 shares during the last quarter. Pines Wealth Management LLC raised its position in ConocoPhillips by 5.2% in the 1st quarter. Pines Wealth Management LLC now owns 7,974 shares of the energy producer's stock valued at $837,000 after purchasing an additional 394 shares during the last quarter. Finally, Impact Capital Partners LLC increased its stake in shares of ConocoPhillips by 79.1% in the 1st quarter. Impact Capital Partners LLC now owns 3,836 shares of the energy producer's stock valued at $403,000 after buying an additional 1,694 shares during the period. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Up 0.8%

Shares of ConocoPhillips stock opened at $94.17 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $116.08. The business has a fifty day simple moving average of $94.92 and a 200 day simple moving average of $92.85. The stock has a market cap of $117.61 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 2.48 and a beta of 0.62.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 EPS 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 business had revenue of $14.94 billion during the quarter, compared to analysts' expectations of $14.39 billion. During the same period in the previous year, the firm earned $1.98 earnings per share. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. Research analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips's payout ratio is presently 41.88%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on COP shares. Royal Bank Of Canada lowered their target price on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a research note on Friday, July 11th. UBS Group lifted their target price on ConocoPhillips from $116.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Melius started coverage on ConocoPhillips in a research note on Wednesday, August 20th. They issued a "hold" rating and a $117.00 target price for the company. Morgan Stanley reissued an "overweight" rating and issued a $123.00 target price (up from $119.00) on shares of ConocoPhillips in a research note on Sunday, August 10th. Finally, Wall Street Zen raised ConocoPhillips from a "sell" rating to a "hold" rating in a research note on Saturday, September 20th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $119.77.

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.

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