ConocoPhillips $COP Shares Bought by Steward Partners Investment Advisory LLC

Key Points

• Steward Partners Investment Advisory LLC increased its holdings in ConocoPhillips by 8.3%, acquiring an additional 9,787 shares, bringing its total to 128,074 shares worth approximately $13.45 million.
• ConocoPhillips announced a quarterly dividend of $0.78 per share, translating to an annualized total of $3.12 and a yield of 3.3%, with the ex-dividend date set for August 18th.
• Recent analyst reports show that ConocoPhillips holds an average rating of "Moderate Buy" with target prices ranging from $108.00 to $125.00 among various brokerages.

Steward Partners Investment Advisory LLC boosted its stake in ConocoPhillips (NYSE:COP - Free Report) by 8.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,074 shares of the energy producer's stock after purchasing an additional 9,787 shares during the period. Steward Partners Investment Advisory LLC's holdings in ConocoPhillips were worth $13,450,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. 10Elms LLP bought a new stake in shares of ConocoPhillips during the fourth quarter valued at approximately $28,000. Financial Network Wealth Advisors LLC increased its position in ConocoPhillips by 341.5% in the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer's stock worth $30,000 after buying an additional 222 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of ConocoPhillips in the first quarter worth about $31,000. Garde Capital Inc. bought a new position in shares of ConocoPhillips in the first quarter worth about $35,000. Finally, IMA Advisory Services Inc. bought a new position in shares of ConocoPhillips in the first quarter worth about $37,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, EVP Kirk L. Johnson bought 5,300 shares of the business's stock in a transaction dated Monday, June 16th. The stock was acquired at an average cost of $94.24 per share, with a total value of $499,472.00. Following the purchase, the executive vice president owned 14,527 shares in the company, valued at approximately $1,369,024.48. This represents a 57.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on COP. UBS Group increased their price target on ConocoPhillips from $116.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday. Bank of America dropped their price target on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Royal Bank Of Canada lowered their price objective on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a research note on Friday, July 11th. Roth Capital reaffirmed a "buy" rating and issued a $108.00 price objective on shares of ConocoPhillips in a research note on Thursday, August 7th. Finally, Melius initiated coverage on ConocoPhillips in a report on Wednesday. They issued a "hold" rating and a $117.00 price target on the stock. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $120.95.

ConocoPhillips Price Performance

Shares of NYSE:COP traded up $1.8440 during midday trading on Friday, hitting $96.6240. The company had a trading volume of 6,301,214 shares, compared to its average volume of 8,077,954. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $116.08. 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 stock has a market cap of $120.68 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 2.48 and a beta of 0.67. The business's 50-day simple moving average is $93.81 and its 200-day simple moving average is $93.31.

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

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a dividend of $0.78 per share. The ex-dividend date is Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.2%. 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.