One Wealth Advisors LLC Sells 151 Shares of ConocoPhillips $COP

One Wealth Advisors LLC reduced its position in shares of ConocoPhillips (NYSE:COP) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,460 shares of the energy producer’s stock after selling 151 shares during the quarter. One Wealth Advisors LLC’s holdings in ConocoPhillips were worth $310,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in COP. Alliance Wealth Advisors LLC raised its position in shares of ConocoPhillips by 9.7% during the second quarter. Alliance Wealth Advisors LLC now owns 2,885 shares of the energy producer’s stock worth $259,000 after purchasing an additional 255 shares during the period. HCR Wealth Advisors raised its holdings in ConocoPhillips by 2.7% during the second quarter. HCR Wealth Advisors now owns 36,506 shares of the energy producer’s stock worth $3,276,000 after buying an additional 944 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in shares of ConocoPhillips by 2.5% in the second quarter. Capital Investment Advisors LLC now owns 17,362 shares of the energy producer’s stock valued at $1,558,000 after buying an additional 423 shares in the last quarter. LexAurum Advisors LLC lifted its stake in shares of ConocoPhillips by 3.6% in the second quarter. LexAurum Advisors LLC now owns 4,293 shares of the energy producer’s stock valued at $385,000 after buying an additional 149 shares in the last quarter. Finally, Oakworth Capital Inc. grew its holdings in shares of ConocoPhillips by 46.1% during the second quarter. Oakworth Capital Inc. now owns 3,753 shares of the energy producer’s stock valued at $337,000 after buying an additional 1,184 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Trading Down 1.3%

NYSE COP opened at $94.63 on Wednesday. The business’s fifty day moving average is $94.98 and its 200-day moving average is $92.98. 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 stock has a market capitalization of $118.19 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 2.52 and a beta of 0.69. ConocoPhillips has a one year low of $79.88 and a one year high of $116.08.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) for the quarter, topping 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 business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter last year, the company posted $1.98 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on COP shares. UBS Group upped their target price on shares of ConocoPhillips from $116.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Raymond James Financial lowered their price objective on ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, September 8th. Melius Research initiated coverage on ConocoPhillips in a report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 target price on the stock. Wall Street Zen upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $123.00 price target (up from $119.00) on shares of ConocoPhillips in a research report on Sunday, August 10th. Sixteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $120.14.

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.