Huntleigh Advisors Inc. Reduces Stock Position in ConocoPhillips $COP

Huntleigh Advisors Inc. lessened its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 51.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,291 shares of the energy producer's stock after selling 19,580 shares during the quarter. Huntleigh Advisors Inc.'s holdings in ConocoPhillips were worth $1,641,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Financial Network Wealth Advisors LLC grew its stake in ConocoPhillips by 341.5% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer's stock valued at $30,000 after purchasing an additional 222 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in ConocoPhillips during the 1st quarter valued at about $31,000. Activest Wealth Management grew its stake in ConocoPhillips by 249.5% during the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer's stock valued at $29,000 after purchasing an additional 232 shares during the last quarter. Garde Capital Inc. purchased a new stake in shares of ConocoPhillips in the first quarter worth about $35,000. Finally, IMA Advisory Services Inc. purchased a new stake in shares of ConocoPhillips in the first quarter worth about $37,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analyst Ratings Changes

COP has been the topic of a number of recent research reports. The Goldman Sachs Group lowered their target price on ConocoPhillips from $111.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday. BMO Capital Markets upped their target price on ConocoPhillips from $115.00 to $117.00 and gave the stock an "outperform" rating in a research note on Monday, October 13th. Raymond James Financial lowered their target price on ConocoPhillips from $117.00 to $115.00 and set an "outperform" rating on the stock in a research note on Monday, September 8th. Barclays lowered their target price on ConocoPhillips from $122.00 to $118.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 7th. Finally, Wall Street Zen downgraded ConocoPhillips from a "hold" rating to a "sell" rating in a research note on Saturday. Seventeen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $115.00.

ConocoPhillips Stock Performance

Shares of COP stock opened at $86.53 on Friday. The company has a market capitalization of $108.07 billion, a P/E ratio of 11.61, a P/E/G ratio of 2.33 and a beta of 0.62. The business's 50 day moving average is $94.04 and its two-hundred day moving average is $92.03. 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 has a 12-month low of $79.88 and a 12-month high of $115.38.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.06. The company 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%.ConocoPhillips's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.98 earnings per share. Analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.6%. ConocoPhillips's dividend payout ratio is presently 41.88%.

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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