Mattson Financial Services LLC Has $2.92 Million Position in ConocoPhillips $COP

Key Points

• Mattson Financial Services LLC increased its position in ConocoPhillips by 26.7% in Q1, holding $2.92 million worth of shares.
• The firm reported earnings of $1.42 per share for the latest quarter, exceeding analysts' expectations, with revenues rising 4.3% year-over-year.
• ConocoPhillips recently announced a quarterly dividend of $0.78 per share, yielding 3.3% annually, with a dividend payout ratio of 41.88%.

Mattson Financial Services LLC increased its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 26.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,841 shares of the energy producer's stock after acquiring an additional 5,859 shares during the quarter. Mattson Financial Services LLC's holdings in ConocoPhillips were worth $2,924,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Elevation Point Wealth Partners LLC increased its holdings in shares of ConocoPhillips by 83.0% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 18,060 shares of the energy producer's stock worth $1,897,000 after acquiring an additional 8,189 shares during the last quarter. Schwartz Investment Counsel Inc. grew 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 in the last quarter. Aberdeen Group plc grew its holdings in 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 grew its holdings in ConocoPhillips by 853.3% in the 1st quarter. ORG Wealth Partners LLC now owns 6,616 shares of the energy producer's stock valued at $698,000 after buying an additional 5,922 shares in the last quarter. Finally, Hennessy Advisors Inc. grew its holdings in ConocoPhillips by 151.1% in the 1st quarter. Hennessy Advisors Inc. now owns 91,224 shares of the energy producer's stock valued at $9,580,000 after buying an additional 54,900 shares in the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

NYSE:COP opened at $94.20 on Thursday. The stock has a fifty day moving average price of $94.78 and a 200-day moving average price of $93.04. The company has a market cap of $117.65 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27. 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 released its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.06. The firm had revenue of $14.94 billion during 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 revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.98 EPS. As a group, equities analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, August 18th. ConocoPhillips's dividend payout ratio is currently 41.88%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, EVP Kirk L. Johnson acquired 5,300 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the transaction, the executive vice president directly owned 14,527 shares in the company, valued at $1,369,024.48. This represents a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

COP has been the topic of a number of research reports. Melius Research initiated coverage on ConocoPhillips in a report on Wednesday, August 20th. They issued a "hold" rating and a $117.00 price objective on the stock. Wall Street Zen lowered ConocoPhillips from a "hold" rating to a "sell" rating in a report on Friday, August 22nd. Roth Capital reaffirmed a "buy" rating on shares of ConocoPhillips in a report on Wednesday, September 3rd. Melius initiated coverage on ConocoPhillips in a report on Wednesday, August 20th. They issued a "hold" rating and a $117.00 price objective on the stock. Finally, Bank of America decreased their price objective on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. 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 company has a consensus rating of "Moderate Buy" and an average target price of $120.86.

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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