Everpar Advisors LLC Buys 6,051 Shares of ConocoPhillips $COP

Key Points

• Everpar Advisors LLC increased its holdings in ConocoPhillips by 138.7% during the second quarter, acquiring an additional 6,051 shares to reach a total of 10,413 shares valued at approximately $934,000.
• The latest quarterly earnings report showed ConocoPhillips with an EPS of $1.42, surpassing analysts' expectations and achieving a revenue of $14.94 billion.
• ConocoPhillips announced a quarterly dividend of $0.78 per share, reflecting an annual yield of 3.4%, with a current payout ratio of 41.88%.

Everpar Advisors LLC raised its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 138.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,413 shares of the energy producer's stock after purchasing an additional 6,051 shares during the quarter. Everpar Advisors LLC's holdings in ConocoPhillips were worth $934,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Elevation Point Wealth Partners LLC raised its stake in shares of ConocoPhillips by 83.0% in the first quarter. Elevation Point Wealth Partners LLC now owns 18,060 shares of the energy producer's stock valued at $1,897,000 after purchasing an additional 8,189 shares in the last quarter. Schwartz Investment Counsel Inc. increased its holdings in ConocoPhillips by 159.6% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 48,800 shares of the energy producer's stock valued at $5,125,000 after buying an additional 30,000 shares during the period. Aberdeen Group plc raised its stake in shares of ConocoPhillips by 49.3% in the 1st quarter. Aberdeen Group plc now owns 801,426 shares of the energy producer's stock valued at $83,969,000 after buying an additional 264,726 shares in the last quarter. ORG Wealth Partners LLC lifted its holdings in shares of ConocoPhillips by 853.3% during the 1st quarter. ORG Wealth Partners LLC now owns 6,616 shares of the energy producer's stock worth $698,000 after acquiring an additional 5,922 shares during the period. Finally, Hennessy Advisors Inc. boosted its position in shares of ConocoPhillips by 151.1% during the 1st quarter. Hennessy Advisors Inc. now owns 91,224 shares of the energy producer's stock valued at $9,580,000 after acquiring an additional 54,900 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Trading Down 0.1%

NYSE:COP opened at $92.32 on Tuesday. The company has a market cap of $115.30 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 2.43 and a beta of 0.69. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $116.08. The business has a 50 day moving average price of $94.74 and a two-hundred day moving average price of $92.88. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.06. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.39 billion. During the same quarter in the previous year, the firm posted $1.98 earnings per share. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts expect that ConocoPhillips will post 8.16 EPS 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 paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, August 18th. ConocoPhillips's dividend payout ratio is currently 41.88%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of ConocoPhillips from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. Melius Research assumed coverage on ConocoPhillips in a research report on Wednesday, August 20th. They set a "hold" rating and a $117.00 target price for the company. Melius initiated coverage on ConocoPhillips in a research report on Wednesday, August 20th. They issued a "hold" rating and a $117.00 price target on the stock. Bank of America dropped their price objective on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $117.00 target price (up previously from $113.00) on shares of ConocoPhillips in a research note on Thursday, June 26th. Sixteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $120.62.

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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