ConocoPhillips $COP Shares Sold by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. cut its stake in ConocoPhillips (NYSE:COP - Free Report) by 45.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,274 shares of the energy producer's stock after selling 2,727 shares during the period. SOA Wealth Advisors LLC.'s holdings in ConocoPhillips were worth $294,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its position in ConocoPhillips by 379.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 40,094,754 shares of the energy producer's stock worth $4,210,751,000 after buying an additional 31,736,423 shares during the period. Wellington Management Group LLP increased its position in ConocoPhillips by 1.4% in the first quarter. Wellington Management Group LLP now owns 31,610,608 shares of the energy producer's stock worth $3,319,746,000 after buying an additional 437,709 shares during the period. Goldman Sachs Group Inc. increased its position in ConocoPhillips by 30.2% in the first quarter. Goldman Sachs Group Inc. now owns 8,972,545 shares of the energy producer's stock worth $942,297,000 after buying an additional 2,080,625 shares during the period. Ameriprise Financial Inc. increased its position in ConocoPhillips by 15.1% in the first quarter. Ameriprise Financial Inc. now owns 8,202,861 shares of the energy producer's stock worth $861,490,000 after buying an additional 1,073,906 shares during the period. Finally, Nuveen LLC acquired a new stake in ConocoPhillips in the first quarter worth $658,981,000. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Trading Down 2.1%

Shares of COP opened at $93.45 on Friday. The business's 50-day moving average price is $94.94 and its 200 day moving average price is $92.96. The stock has a market capitalization of $116.71 billion, a P/E ratio of 12.54, a P/E/G ratio of 2.51 and a beta of 0.62. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $116.08. 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 issued its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.06. The firm had revenue of $14.94 billion for 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%.ConocoPhillips's revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $1.98 EPS. Analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm 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. The ex-dividend date was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.3%. ConocoPhillips's dividend payout ratio (DPR) is presently 41.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an "overweight" rating and issued a $123.00 target price (up from $119.00) on shares of ConocoPhillips in a research report on Sunday, August 10th. Citigroup lowered their price target on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. Melius Research initiated coverage on ConocoPhillips in a report on Wednesday, August 20th. They set a "hold" rating and a $117.00 price target on the stock. Wall Street Zen raised ConocoPhillips from a "sell" rating to a "hold" rating in a report on Saturday, September 20th. Finally, Mizuho lowered their price target on ConocoPhillips from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, September 15th. Sixteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, ConocoPhillips currently has a consensus rating of "Moderate Buy" and an average target price of $120.14.

ConocoPhillips 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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