Vanguard Capital Wealth Advisors Has $601,000 Position in ConocoPhillips $COP

Key Points

• Vanguard Capital Wealth Advisors increased its holdings in ConocoPhillips by 119.7%, now owning 6,700 shares valued at $601,000.
• ConocoPhillips recently reported a quarterly EPS of $1.42, exceeding analysts' expectations, with a revenue of $14.94 billion for the quarter.
• The company declared a quarterly dividend of $0.78 per share, representing an annualized yield of 3.4%, with a payout ratio of 41.88%.

Vanguard Capital Wealth Advisors boosted its position in ConocoPhillips (NYSE:COP - Free Report) by 119.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,700 shares of the energy producer's stock after buying an additional 3,650 shares during the quarter. Vanguard Capital Wealth Advisors' holdings in ConocoPhillips were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Meriwether Wealth & Planning LLC grew its stake in shares of ConocoPhillips by 2.7% during the 2nd quarter. Meriwether Wealth & Planning LLC now owns 10,688 shares of the energy producer's stock valued at $959,000 after acquiring an additional 282 shares during the period. Farther Finance Advisors LLC grew its stake in ConocoPhillips by 10.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 30,166 shares of the energy producer's stock valued at $2,707,000 after purchasing an additional 2,930 shares during the last quarter. CX Institutional boosted its stake in shares of ConocoPhillips by 32.5% during the 2nd quarter. CX Institutional now owns 77,993 shares of the energy producer's stock worth $6,999,000 after acquiring an additional 19,148 shares in the last quarter. Weatherly Asset Management L. P. raised its holdings in ConocoPhillips by 1.0% in the 2nd quarter. Weatherly Asset Management L. P. now owns 61,879 shares of the energy producer's stock valued at $5,553,000 after acquiring an additional 625 shares during the last quarter. Finally, WealthBridge Investment Counsel Inc. increased its position in shares of ConocoPhillips by 12.9% during the 2nd quarter. WealthBridge Investment Counsel Inc. now owns 35,890 shares of the energy producer's stock worth $3,221,000 after purchasing an additional 4,100 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Stock Up 0.2%

Shares of NYSE COP traded up $0.19 during mid-day trading on Monday, reaching $92.11. The company had a trading volume of 5,797,888 shares, compared to its average volume of 7,928,258. The stock has a market capitalization of $115.04 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.69. The stock's 50 day moving average is $94.59 and its 200-day moving average is $92.97. 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 twelve month low of $79.88 and a twelve 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 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.06. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.98 earnings per share. As a group, equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a $0.78 dividend. The ex-dividend date was Monday, August 18th. This represents a $3.12 annualized dividend and a dividend yield of 3.4%. ConocoPhillips's payout ratio is currently 41.88%.

Analysts Set New Price Targets

COP has been the topic of a number of recent research reports. BMO Capital Markets upped their price objective on ConocoPhillips from $113.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday. 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. Piper Sandler increased their target price on ConocoPhillips from $123.00 to $124.00 and gave the stock an "overweight" rating in a research note on Monday, August 18th. Royal Bank Of Canada lowered their price objective on shares of ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating on the stock in a research note on Friday, July 11th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $117.00 target price (up previously from $113.00) on shares of ConocoPhillips in a research note on Thursday, June 26th. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $120.14.

About ConocoPhillips

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.