CreativeOne Wealth LLC Purchases 3,544 Shares of ConocoPhillips $COP

Key Points

• CreativeOne Wealth LLC increased its stake in ConocoPhillips by 15.4%, acquiring an additional 3,544 shares for a total worth of $2,783,000.
• ConocoPhillips announced a quarterly dividend of $0.78 per share, which will be paid on September 2nd and represents an annualized yield of 3.2%.
• Analysts maintain a consensus rating of "Moderate Buy" for ConocoPhillips, with an average target price of $120.95 per share.

CreativeOne Wealth LLC lifted its stake in ConocoPhillips (NYSE:COP - Free Report) by 15.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,495 shares of the energy producer's stock after acquiring an additional 3,544 shares during the period. CreativeOne Wealth LLC's holdings in ConocoPhillips were worth $2,783,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, EVP Kirk L. Johnson purchased 5,300 shares of the company's stock in a transaction on Monday, June 16th. The shares were acquired at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.24% of the company's stock.

ConocoPhillips Stock Up 0.9%

ConocoPhillips stock opened at $97.96 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27. The business's 50-day simple moving average is $93.98 and its two-hundred day simple moving average is $93.24. The company has a market cap of $122.34 billion, a PE ratio of 13.15, a PEG ratio of 2.54 and a beta of 0.67. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $116.08.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly 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. The business had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.98 EPS. Equities analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, August 18th. ConocoPhillips's payout ratio is presently 41.88%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on COP shares. Raymond James Financial boosted their target price on ConocoPhillips from $109.00 to $117.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Melius started coverage on ConocoPhillips in a research note on Wednesday, August 20th. They set a "hold" rating and a $117.00 target price on the stock. Susquehanna dropped their target price on ConocoPhillips from $114.00 to $113.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. Mizuho dropped their target price on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Finally, Scotiabank boosted their target price on ConocoPhillips from $95.00 to $100.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $120.95.

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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