Capital Advisors Inc. OK Has $2.84 Million Stake in ConocoPhillips $COP

Capital Advisors Inc. OK decreased its stake in shares of ConocoPhillips (NYSE:COP) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,588 shares of the energy producer’s stock after selling 266 shares during the quarter. Capital Advisors Inc. OK’s holdings in ConocoPhillips were worth $2,835,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Financial Network Wealth Advisors LLC lifted 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 worth $30,000 after purchasing an additional 222 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of ConocoPhillips in the 1st quarter worth $31,000. Garde Capital Inc. bought a new position in shares of ConocoPhillips in the 1st quarter worth $35,000. IMA Advisory Services Inc. bought a new position in shares of ConocoPhillips in the 1st quarter worth $37,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of ConocoPhillips by 418.6% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Susquehanna cut their target price on ConocoPhillips from $114.00 to $113.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. BMO Capital Markets increased their target price on ConocoPhillips from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Scotiabank increased their target price on ConocoPhillips from $95.00 to $100.00 and gave the stock a “sector perform” rating in a report on Friday, July 11th. Morgan Stanley reiterated an “overweight” rating and issued a $123.00 target price (up from $119.00) on shares of ConocoPhillips in a report on Sunday, August 10th. Finally, Raymond James Financial cut their target price on ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.77.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $94.17 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $94.92 and its two-hundred day simple moving average is $92.79. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $116.08. The stock has a market cap of $117.61 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 2.49 and a beta of 0.62.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data 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. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The business had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same period last year, the business earned $1.98 EPS. The business’s revenue was up 4.3% on a year-over-year basis. As a group, analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, August 18th. ConocoPhillips’s payout ratio is presently 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.