EverSource Wealth Advisors LLC Grows Stock Holdings in ConocoPhillips (NYSE:COP)

Key Points

• EverSource Wealth Advisors LLC increased its stake in ConocoPhillips by 9.5%, owning a total of 67,585 shares valued at $7,098,000 as of the latest SEC filing.
• Analysts have mixed ratings on ConocoPhillips, with a consensus rating of "Moderate Buy" and an average price target of $120.84.
• ConocoPhillips recently announced a quarterly dividend of $0.78, with a dividend yield of 3.3%, reflecting a payout ratio of 41.88%.

EverSource Wealth Advisors LLC raised its stake in ConocoPhillips (NYSE:COP - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,585 shares of the energy producer's stock after buying an additional 5,864 shares during the period. EverSource Wealth Advisors LLC's holdings in ConocoPhillips were worth $7,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Second Line Capital LLC raised its position in ConocoPhillips by 2.2% during the 4th quarter. Second Line Capital LLC now owns 4,990 shares of the energy producer's stock valued at $495,000 after purchasing an additional 108 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its position in ConocoPhillips by 1.6% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 7,091 shares of the energy producer's stock valued at $703,000 after purchasing an additional 110 shares in the last quarter. LRI Investments LLC lifted its position in shares of ConocoPhillips by 3.6% in the 4th quarter. LRI Investments LLC now owns 3,184 shares of the energy producer's stock worth $316,000 after purchasing an additional 110 shares during the period. KLCM Advisors Inc. lifted its position in shares of ConocoPhillips by 2.6% in the 1st quarter. KLCM Advisors Inc. now owns 4,503 shares of the energy producer's stock worth $473,000 after purchasing an additional 115 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its position in shares of ConocoPhillips by 3.9% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 3,177 shares of the energy producer's stock worth $334,000 after purchasing an additional 118 shares during the period. 82.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on COP shares. Royal Bank Of Canada lowered their price target 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. Barclays lowered their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $117.00 price target (up previously from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Susquehanna lowered their price target on shares of ConocoPhillips from $114.00 to $113.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Finally, Raymond James Financial upped their price target on shares of ConocoPhillips from $109.00 to $117.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.84.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, EVP Kirk L. Johnson acquired 5,300 shares of the business's stock in a transaction dated Monday, June 16th. The shares were purchased at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the purchase, the executive vice president directly owned 14,527 shares of the company's stock, valued at $1,369,024.48. The trade was 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 link. 0.24% of the stock is owned by insiders.

ConocoPhillips Trading Down 0.2%

NYSE COP opened at $95.74 on Friday. The company has a fifty day simple moving average of $93.45 and a two-hundred day simple moving average of $93.51. The stock has a market cap of $119.57 billion, a P/E ratio of 12.85, a P/E/G ratio of 2.50 and a beta of 0.67. ConocoPhillips has a 12-month low of $79.88 and a 12-month 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 released its quarterly earnings data 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 analyst estimates of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.98 earnings per share. On average, analysts forecast 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 will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be paid a $0.78 dividend. The ex-dividend date is Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.3%. 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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