6,268 Shares in ConocoPhillips $COP Purchased by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC purchased a new stake in shares of ConocoPhillips (NYSE:COP) during the second quarter, HoldingsChannel.com reports. The firm purchased 6,268 shares of the energy producer’s stock, valued at approximately $652,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital International Investors lifted its holdings in ConocoPhillips by 5.9% in the 4th quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock worth $4,527,230,000 after buying an additional 2,714,663 shares during the period. BlackRock Inc. increased its stake in shares of ConocoPhillips by 3.0% during the second quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer’s stock valued at $9,760,436,000 after buying an additional 2,712,703 shares during the period. AQR Capital Management LLC increased its stake in shares of ConocoPhillips by 229.2% during the fourth quarter. AQR Capital Management LLC now owns 3,595,177 shares of the energy producer’s stock valued at $336,544,000 after buying an additional 2,503,156 shares during the period. Janus Henderson Group PLC raised its holdings in shares of ConocoPhillips by 207.9% during the first quarter. Janus Henderson Group PLC now owns 3,697,232 shares of the energy producer’s stock valued at $488,030,000 after acquiring an additional 2,496,606 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of ConocoPhillips by 6.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock valued at $3,880,151,000 after acquiring an additional 2,350,645 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Up 0.8%

NYSE COP opened at $130.72 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $135.87. The firm has a market capitalization of $157.04 billion, a PE ratio of 17.29, a P/E/G ratio of 1.43 and a beta of 0.11. The stock’s 50 day moving average is $114.53 and its 200 day moving average is $117.32.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.34. The company had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The firm’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 earnings per share. Research analysts forecast that ConocoPhillips will post 10.05 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, August 17th. ConocoPhillips’s payout ratio is 44.44%.

Analysts Set New Price Targets

COP has been the topic of several recent analyst reports. Argus lifted their price target on shares of ConocoPhillips from $136.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday. Capital One Financial decreased their price objective on shares of ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday, May 18th. Wells Fargo & Company raised their target price on shares of ConocoPhillips from $183.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Morgan Stanley lifted their target price on shares of ConocoPhillips from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Raymond James Financial reduced their price target on shares of ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating on the stock in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $139.21.

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.