Mutual Advisors LLC Buys 4,136 Shares of ConocoPhillips $COP

Key Points

• Mutual Advisors LLC increased its stake in ConocoPhillips by 31.9%, acquiring an additional 4,136 shares to bring its total to 17,090 shares worth approximately $1.62 million.
• Several institutional investors have also significantly added to their positions in ConocoPhillips, with Financial Network Wealth Advisors' stake growing by 341.5% in the first quarter.
• Analysts have revised their price targets for ConocoPhillips, with latest estimates ranging from $108 to $120, while maintaining a consensus rating of "Moderate Buy."

Mutual Advisors LLC grew its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 31.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,090 shares of the energy producer's stock after buying an additional 4,136 shares during the period. Mutual Advisors LLC's holdings in ConocoPhillips were worth $1,623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COP. Financial Network Wealth Advisors LLC grew its position in shares of ConocoPhillips by 341.5% in 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 period. Stone House Investment Management LLC acquired a new stake in ConocoPhillips during the 1st quarter worth approximately $31,000. Garde Capital Inc. acquired a new stake in ConocoPhillips during the 1st quarter worth approximately $35,000. IMA Advisory Services Inc. acquired a new stake in ConocoPhillips during the 1st quarter worth approximately $37,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in ConocoPhillips by 418.6% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer's stock worth $38,000 after buying an additional 293 shares during the period. Institutional investors own 82.36% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on COP. Evercore ISI dropped their target price on shares of ConocoPhillips from $115.00 to $111.00 and set an "outperform" rating on the stock in a report on Monday, October 6th. Jefferies Financial Group dropped their target price on shares of ConocoPhillips from $129.00 to $120.00 and set a "buy" rating on the stock in a report on Monday, October 13th. The Goldman Sachs Group dropped their target price on shares of ConocoPhillips from $111.00 to $108.00 and set a "buy" rating on the stock in a report on Friday. Raymond James Financial dropped their target price on shares of ConocoPhillips from $117.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, September 8th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of ConocoPhillips in a research note on Wednesday, October 8th. Seventeen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, ConocoPhillips has a consensus rating of "Moderate Buy" and a consensus price target of $115.00.

ConocoPhillips Trading Down 0.4%

NYSE COP opened at $86.53 on Friday. The stock has a market capitalization of $108.07 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 2.33 and a beta of 0.62. The stock's 50 day moving average price is $94.04 and its two-hundred day moving average price is $92.03. 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 52 week low of $79.88 and a 52 week high of $115.38.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, beating the consensus estimate of $1.36 by $0.06. The firm had revenue of $14.94 billion for the quarter, compared to analysts' expectations of $14.39 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.98 EPS. As a group, analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

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