Smartleaf Asset Management LLC Buys 5,118 Shares of ConocoPhillips $COP

Key Points

• Smartleaf Asset Management LLC increased its stock holdings in ConocoPhillips by 18.1%, now owning 33,353 shares worth $3,414,000.
• ConocoPhillips reported earnings of $1.42 per share for Q2, surpassing estimates and achieving a 4.3% revenue increase compared to the previous year.
• The company declared a quarterly dividend of $0.78 per share, with an annualized dividend yield of 3.2% and a payout ratio of 41.88%.

Smartleaf Asset Management LLC grew its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 18.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,353 shares of the energy producer's stock after buying an additional 5,118 shares during the quarter. Smartleaf Asset Management LLC's holdings in ConocoPhillips were worth $3,414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 10Elms LLP bought a new stake in shares of ConocoPhillips in the 4th quarter valued at about $28,000. Financial Network Wealth Advisors LLC raised its holdings 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 bought a new stake in shares of ConocoPhillips in the 1st quarter valued at about $31,000. Garde Capital Inc. bought a new stake in shares of ConocoPhillips in the 1st quarter valued at about $35,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of ConocoPhillips in the 1st quarter valued at about $37,000. 82.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COP has been the topic of a number of research analyst reports. UBS Group upped their target price on shares of ConocoPhillips from $116.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Royal Bank Of Canada dropped their target price on shares of ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating on the stock in a report on Friday, July 11th. Wall Street Zen lowered shares of ConocoPhillips from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. Melius initiated coverage on shares of ConocoPhillips in a research note on Wednesday, August 20th. They issued a "hold" rating and a $117.00 price target on the stock. Finally, Mizuho decreased their price target on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $120.95.

ConocoPhillips Price Performance

NYSE:COP traded down $0.02 during mid-day trading on Thursday, reaching $97.88. The stock had a trading volume of 1,499,776 shares, compared to its average volume of 8,021,047. The stock has a 50-day simple moving average of $93.98 and a two-hundred day simple moving average of $93.24. The stock has a market capitalization of $122.24 billion, a PE ratio of 13.14, a P/E/G ratio of 2.54 and a beta of 0.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $116.08.

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

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, August 18th. ConocoPhillips's dividend payout ratio (DPR) is 41.88%.

Insider Transactions at ConocoPhillips

In other news, EVP Kirk L. Johnson acquired 5,300 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were acquired at an average cost of $94.24 per share, with a total value of $499,472.00. Following the completion of the purchase, the executive vice president directly owned 14,527 shares of the company's stock, valued at $1,369,024.48. The trade was a 57.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.24% of the stock is 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.