Knights of Columbus Asset Advisors LLC Buys 1,328 Shares of ConocoPhillips $COP

Knights of Columbus Asset Advisors LLC increased its stake in ConocoPhillips (NYSE:COP) by 1.6% during the second quarter, HoldingsChannel reports. The firm owned 84,526 shares of the energy producer’s stock after acquiring an additional 1,328 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in ConocoPhillips were worth $7,585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of COP. Financial Network Wealth Advisors LLC increased its holdings in 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 acquiring an additional 222 shares during the last quarter. Stone House Investment Management LLC purchased a new position in shares of ConocoPhillips in the first quarter worth about $31,000. Garde Capital Inc. bought a new stake in shares of ConocoPhillips in the first quarter valued at approximately $35,000. IMA Advisory Services Inc. purchased a new stake in shares of ConocoPhillips during the 1st quarter valued at approximately $37,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in 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 buying an additional 293 shares during the period. 82.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

COP has been the subject of a number of analyst reports. Wall Street Zen raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Scotiabank raised their target price on ConocoPhillips from $95.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Piper Sandler upped their price target on ConocoPhillips from $123.00 to $124.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. UBS Group increased their price target on shares of ConocoPhillips from $116.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Finally, Raymond James Financial decreased their target price on shares of ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average 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’s fifty day moving average price is $94.92 and its 200-day moving average price is $92.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. The firm has a market capitalization of $117.61 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.49 and a beta of 0.62. ConocoPhillips has a one year low of $79.88 and a one year high of $116.08.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.06. The company 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 quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.98 earnings per share. On average, equities research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

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

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.