ConocoPhillips $COP Shares Bought by CHICAGO TRUST Co NA

Key Points

• CHICAGO TRUST Co NA increased its holdings in ConocoPhillips by 63.2%, owning 7,117 shares, valued at approximately $639,000.
• ConocoPhillips reported a quarterly earnings beat with $1.42 EPS, surpassing the consensus estimate of $1.36, along with a 4.3% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $0.78 per share, reflecting a 3.3% annual yield, with a payout ratio of 41.88%.

CHICAGO TRUST Co NA raised its position in ConocoPhillips (NYSE:COP - Free Report) by 63.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,117 shares of the energy producer's stock after acquiring an additional 2,755 shares during the period. CHICAGO TRUST Co NA's holdings in ConocoPhillips were worth $639,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC lifted its stake in shares of ConocoPhillips by 10.1% during the second quarter. Opal Wealth Advisors LLC now owns 3,033 shares of the energy producer's stock worth $272,000 after buying an additional 279 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. lifted its position in ConocoPhillips by 8.1% during the second quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 5,071 shares of the energy producer's stock valued at $455,000 after purchasing an additional 379 shares during the period. Gries Financial LLC lifted its position in ConocoPhillips by 12.0% during the second quarter. Gries Financial LLC now owns 5,691 shares of the energy producer's stock valued at $511,000 after purchasing an additional 609 shares during the period. Golden State Equity Partners lifted its position in ConocoPhillips by 14.8% during the second quarter. Golden State Equity Partners now owns 14,754 shares of the energy producer's stock valued at $1,324,000 after purchasing an additional 1,899 shares during the period. Finally, Brady Martz Wealth Solutions LLC lifted its position in ConocoPhillips by 14.8% during the second quarter. Brady Martz Wealth Solutions LLC now owns 9,519 shares of the energy producer's stock valued at $854,000 after purchasing an additional 1,229 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COP has been the subject of a number of research reports. Roth Capital restated a "buy" rating on shares of ConocoPhillips in a research report on Wednesday, September 3rd. Citigroup decreased their target price on shares of ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. 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 report on Friday, July 11th. Morgan Stanley restated an "overweight" rating and set a $123.00 target price (up from $119.00) on shares of ConocoPhillips in a research report on Sunday, August 10th. Finally, BMO Capital Markets lifted their price objective on shares of ConocoPhillips from $113.00 to $115.00 and gave the company an "outperform" rating in a report on Monday. Sixteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $120.14.

ConocoPhillips Stock Up 1.5%

Shares of NYSE COP opened at $93.40 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The stock has a market cap of $116.65 billion, a PE ratio of 12.54, a P/E/G ratio of 2.42 and a beta of 0.69. The company has a 50-day moving average of $94.56 and a 200 day moving average of $92.98. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $116.08.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, beating 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 analyst estimates of $14.39 billion. During the same period in the previous year, the business posted $1.98 EPS. ConocoPhillips's revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips's dividend payout ratio is presently 41.88%.

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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