Sendero Wealth Management LLC Buys 3,944 Shares of ConocoPhillips $COP

Sendero Wealth Management LLC boosted its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 115,040 shares of the energy producer's stock after purchasing an additional 3,944 shares during the quarter. ConocoPhillips comprises about 1.3% of Sendero Wealth Management LLC's holdings, making the stock its 14th biggest holding. Sendero Wealth Management LLC's holdings in ConocoPhillips were worth $10,324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Financial Network Wealth Advisors LLC lifted its position in 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 acquiring an additional 222 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of ConocoPhillips in the first quarter worth $31,000. Garde Capital Inc. purchased a new position in shares of ConocoPhillips in the first quarter worth $35,000. IMA Advisory Services Inc. bought a new position in shares of ConocoPhillips during the first quarter valued at $37,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in shares of ConocoPhillips by 418.6% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer's stock valued at $38,000 after buying an additional 293 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on COP. Royal Bank Of Canada reduced their price objective on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a report on Friday, July 11th. BMO Capital Markets boosted their price objective on shares of ConocoPhillips from $113.00 to $115.00 and gave the company an "outperform" rating in a report on Monday, September 22nd. Mizuho dropped their target price on shares of ConocoPhillips from $125.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, September 15th. UBS Group lifted their target price on shares of ConocoPhillips from $116.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen raised ConocoPhillips from a "sell" rating to a "hold" rating in a report on Saturday, September 20th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, ConocoPhillips presently has a consensus rating of "Moderate Buy" and an average target price of $119.77.

ConocoPhillips Stock Up 0.8%

NYSE COP opened at $94.17 on Monday. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $116.08. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $117.61 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 2.49 and a beta of 0.62. The stock's 50-day moving average price is $94.92 and its 200-day moving average price is $92.79.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.06. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The company had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same period in the prior year, the firm posted $1.98 EPS. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

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

ConocoPhillips 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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