ConocoPhillips $COP Shares Purchased by Woodward Diversified Capital LLC

Woodward Diversified Capital LLC boosted its holdings in ConocoPhillips (NYSE:COP) by 71.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,224 shares of the energy producer’s stock after acquiring an additional 5,086 shares during the quarter. Woodward Diversified Capital LLC’s holdings in ConocoPhillips were worth $1,097,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. NBC Securities Inc. increased its stake in ConocoPhillips by 114,680.0% during the 1st quarter. NBC Securities Inc. now owns 5,739 shares of the energy producer’s stock valued at $602,000 after buying an additional 5,734 shares during the period. Merit Financial Group LLC increased its stake in ConocoPhillips by 89.4% during the 1st quarter. Merit Financial Group LLC now owns 53,174 shares of the energy producer’s stock valued at $5,584,000 after buying an additional 25,097 shares during the period. RFG Advisory LLC increased its stake in ConocoPhillips by 71.0% during the 1st quarter. RFG Advisory LLC now owns 12,400 shares of the energy producer’s stock valued at $1,302,000 after buying an additional 5,149 shares during the period. Smith Anglin Financial LLC increased its stake in shares of ConocoPhillips by 5.3% during the first quarter. Smith Anglin Financial LLC now owns 3,255 shares of the energy producer’s stock valued at $342,000 after acquiring an additional 164 shares during the period. Finally, Romano Brothers AND Company increased its stake in shares of ConocoPhillips by 7.7% during the first quarter. Romano Brothers AND Company now owns 9,747 shares of the energy producer’s stock valued at $1,024,000 after acquiring an additional 700 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Trading Up 0.8%

NYSE:COP opened at $95.39 on Thursday. 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 fifty-two week low of $79.88 and a fifty-two week high of $116.08. The stock’s 50-day moving average is $94.98 and its two-hundred day moving average is $93.00. The stock has a market cap of $119.13 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 2.49 and a beta of 0.62.

ConocoPhillips (NYSE:COP) 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. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the previous year, the firm posted $1.98 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, August 18th. ConocoPhillips’s payout ratio is currently 41.88%.

Analysts Set New Price Targets

COP has been the topic of a number of research analyst reports. 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. Wells Fargo & Company reiterated an “overweight” rating and set a $117.00 price target (up from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Melius assumed coverage on ConocoPhillips in a report on Wednesday, August 20th. They set a “hold” rating and a $117.00 target price on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $123.00 target price (up from $119.00) on shares of ConocoPhillips in a report on Sunday, August 10th. Finally, Roth Capital reaffirmed a “buy” rating on shares of ConocoPhillips in a report on Wednesday, September 3rd. Sixteen 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 presently has an average rating of “Moderate Buy” and an average target price of $120.14.

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.