Vontobel Holding Ltd. Grows Position in ConocoPhillips $COP

Vontobel Holding Ltd. lifted its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 77.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,687 shares of the energy producer's stock after buying an additional 7,295 shares during the period. Vontobel Holding Ltd.'s holdings in ConocoPhillips were worth $1,497,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COP. BMO Capital Markets lifted their price objective on ConocoPhillips from $113.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, September 22nd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $117.00 price objective (up from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Mizuho lowered their price objective on ConocoPhillips from $125.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, September 15th. Roth Capital reaffirmed a "buy" rating on shares of ConocoPhillips in a research report on Wednesday, September 3rd. Finally, Piper Sandler lifted their price objective on ConocoPhillips from $123.00 to $124.00 and gave the company an "overweight" rating in a research report on Monday, August 18th. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.23.

ConocoPhillips Stock Performance

NYSE:COP opened at $87.83 on Friday. 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 1 year low of $79.88 and a 1 year high of $115.38. The stock's 50 day simple moving average is $94.60 and its two-hundred day simple moving average is $92.52. The company has a market cap of $109.70 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 2.33 and a beta of 0.62.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.06. The firm 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 company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS. As a group, equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a dividend of $0.78 per share. The ex-dividend date was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.6%. ConocoPhillips's 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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