RPG Investment Advisory LLC Has $18 Million Holdings in ConocoPhillips $COP

Key Points

• RPG Investment Advisory LLC significantly increased its holdings in ConocoPhillips by 98.9% in the first quarter, bringing its total shares to 171,418, valued at approximately $18 million.
• Analysts have mixed views on ConocoPhillips, with target prices ranging from $100 to $120.95, reflecting a consensus rating of "Moderate Buy."
• ConocoPhillips recently announced a quarterly dividend of $0.78 per share, representing a 3.3% dividend yield, which will be paid on September 2nd to stockholders of record as of August 18th.

RPG Investment Advisory LLC grew its stake in ConocoPhillips (NYSE:COP - Free Report) by 98.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,418 shares of the energy producer's stock after purchasing an additional 85,234 shares during the period. RPG Investment Advisory LLC's holdings in ConocoPhillips were worth $18,002,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. 10Elms LLP bought a new stake in shares of ConocoPhillips in the 4th quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC grew its position in ConocoPhillips by 341.5% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer's stock worth $30,000 after acquiring an additional 222 shares during the last quarter. Stone House Investment Management LLC bought a new stake in ConocoPhillips during the 1st quarter worth approximately $31,000. Garde Capital Inc. bought a new stake in ConocoPhillips during the 1st quarter worth approximately $35,000. Finally, IMA Advisory Services Inc. bought a new stake in ConocoPhillips during the 1st quarter worth approximately $37,000. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Trading Up 1.9%

Shares of COP stock traded up $1.8440 during trading hours on Friday, reaching $96.6240. The company had a trading volume of 6,338,392 shares, compared to its average volume of 6,881,362. The company has a 50 day moving average of $93.80 and a 200 day moving average of $93.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. The firm has a market cap of $120.68 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 2.53 and a beta of 0.67. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $116.08.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly 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 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%.The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.98 EPS. On average, equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently declared 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 of this dividend is Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.2%. ConocoPhillips's dividend payout ratio is 41.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company restated an "overweight" rating and set a $117.00 price target (up from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Melius Research assumed coverage on ConocoPhillips in a research report on Wednesday. They set a "hold" rating and a $117.00 price target on the stock. Susquehanna decreased their price target on ConocoPhillips from $114.00 to $113.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. Melius initiated coverage on ConocoPhillips in a research report on Wednesday. They set a "hold" rating and a $117.00 price target on the stock. Finally, Scotiabank upped their price objective on ConocoPhillips from $95.00 to $100.00 and gave the stock a "sector perform" rating in a report on Friday, July 11th. Sixteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $120.95.

Insider Buying and Selling at ConocoPhillips

In related news, EVP Kirk L. Johnson purchased 5,300 shares of the business's stock in a transaction dated Monday, June 16th. The shares were bought at an average price of $94.24 per share, with a total value of $499,472.00. Following the purchase, the executive vice president directly owned 14,527 shares in the company, valued at $1,369,024.48. This trade represents a 57.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by company insiders.

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.