Focus Partners Advisor Solutions LLC Grows Holdings in ConocoPhillips $COP

Key Points

• Focus Partners Advisor Solutions LLC increased its position in ConocoPhillips by 41.6% in Q1, acquiring 14,791 additional shares, bringing its total holdings to 50,314 shares valued at approximately $5.3 million.
• Notable institutional investors, including Charles Schwab Investment Management and Goldman Sachs Group, significantly raised their stakes in ConocoPhillips, indicating strong institutional confidence in the company's performance.
• ConocoPhillips recently reported a quarterly earnings of $1.42 per share, exceeding analyst expectations, and announced a dividend of $0.78 per share, further demonstrating its robust financial health.

Focus Partners Advisor Solutions LLC lifted its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 41.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,314 shares of the energy producer's stock after purchasing an additional 14,791 shares during the period. Focus Partners Advisor Solutions LLC's holdings in ConocoPhillips were worth $5,284,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Triumph Capital Management increased its holdings in ConocoPhillips by 6.7% during the fourth quarter. Triumph Capital Management now owns 2,364 shares of the energy producer's stock worth $234,000 after buying an additional 149 shares during the last quarter. AXA S.A. increased its holdings in ConocoPhillips by 7.7% during the fourth quarter. AXA S.A. now owns 42,526 shares of the energy producer's stock worth $4,217,000 after buying an additional 3,056 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in ConocoPhillips by 128.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 41,552 shares of the energy producer's stock worth $4,121,000 after buying an additional 23,330 shares during the last quarter. Ancora Advisors LLC increased its stake in shares of ConocoPhillips by 2.2% in the fourth quarter. Ancora Advisors LLC now owns 25,372 shares of the energy producer's stock worth $2,516,000 after purchasing an additional 549 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in shares of ConocoPhillips in the fourth quarter worth about $1,128,000. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Trading Down 2.9%

Shares of NYSE COP traded down $2.80 during mid-day trading on Friday, hitting $92.97. The stock had a trading volume of 8,509,766 shares, compared to its average volume of 6,192,091. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $116.08. The business has a 50 day moving average price of $94.76 and a two-hundred day moving average price of $93.15. The firm has a market cap of $116.12 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 2.43 and a beta of 0.69.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, topping the consensus estimate of $1.36 by $0.06. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The company had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the previous year, the firm earned $1.98 earnings per share. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips's payout ratio is presently 41.88%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Scotiabank lifted their target price on shares of ConocoPhillips from $95.00 to $100.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. UBS Group lifted their target price on shares of ConocoPhillips from $116.00 to $124.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Susquehanna cut their price objective on shares of ConocoPhillips from $114.00 to $113.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Melius initiated 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. Finally, Raymond James Financial raised their price objective on shares of ConocoPhillips from $109.00 to $117.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Sixteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $120.95.

Insider Transactions at ConocoPhillips

In related news, EVP Kirk L. Johnson acquired 5,300 shares of ConocoPhillips stock in a transaction on Monday, June 16th. The shares were acquired at an average cost of $94.24 per share, with a total value of $499,472.00. Following the transaction, the executive vice president owned 14,527 shares in the company, valued at $1,369,024.48. This trade represents a 57.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.24% of the company's stock.

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.