ConocoPhillips $COP Shares Acquired by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in ConocoPhillips by 17.4% during the second quarter, now holding 154,360 shares valued at approximately $13.9 million.
• Several institutional investors, including Financial Network Wealth Advisors LLC and Clal Insurance Enterprises Holdings Ltd, significantly increased their stakes in ConocoPhillips during the first quarter, highlighting growing interest in the company.
• ConocoPhillips reported Q2 earnings of $1.42 EPS, exceeding estimates, and declared a quarterly dividend of $0.78 per share, reflecting a 3.6% dividend yield.

Vanguard Personalized Indexing Management LLC grew its position in ConocoPhillips (NYSE:COP - Free Report) by 17.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,360 shares of the energy producer's stock after buying an additional 22,827 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in ConocoPhillips were worth $13,927,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Financial Network Wealth Advisors LLC grew its stake in shares of 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 buying an additional 222 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of ConocoPhillips in the first quarter valued at $31,000. Garde Capital Inc. acquired a new stake in shares of ConocoPhillips in the first quarter valued at $35,000. IMA Advisory Services Inc. acquired a new stake in shares of ConocoPhillips in the first quarter valued at $37,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in ConocoPhillips by 418.6% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer's stock worth $38,000 after purchasing an additional 293 shares in the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on COP shares. Barclays lowered their target price on ConocoPhillips from $122.00 to $118.00 and set an "overweight" rating for the company in a research note on Tuesday. Melius started coverage on ConocoPhillips in a research note on Wednesday, August 20th. They set a "hold" rating and a $117.00 target price for the company. Melius Research started coverage on ConocoPhillips in a research note on Wednesday, August 20th. They set a "hold" rating and a $117.00 target price for the company. BMO Capital Markets boosted their target price on ConocoPhillips from $113.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, September 22nd. Finally, Roth Capital reissued a "buy" rating on shares of ConocoPhillips in a research note on Wednesday, September 3rd. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, ConocoPhillips presently has an average rating of "Moderate Buy" and a consensus price target of $117.23.

ConocoPhillips Trading Down 4.5%

NYSE:COP opened at $87.83 on Friday. The stock has a 50-day simple moving average of $94.60 and a 200-day simple moving average of $92.52. The stock has a market cap of $109.70 billion, a P/E ratio of 11.79, a P/E/G ratio of 2.33 and a beta of 0.62. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $115.38. 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 (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) 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 business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.98 EPS. As a group, analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips's dividend payout ratio is currently 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.

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