BKD Wealth Advisors LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,303 shares of the energy producer’s stock after acquiring an additional 2,155 shares during the period. BKD Wealth Advisors LLC’s holdings in ConocoPhillips were worth $2,871,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. First Command Bank lifted its holdings in ConocoPhillips by 9.4% during the second quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after acquiring an additional 199 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in ConocoPhillips by 468.4% during the first quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after acquiring an additional 2,000 shares in the last quarter. Advantage Investment Management LLC lifted its holdings in ConocoPhillips by 65.3% during the first quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock worth $121,000 after acquiring an additional 958 shares in the last quarter. Massey Quick & Co. LLC bought a new position in ConocoPhillips during the first quarter worth about $123,000. Finally, Harbour Capital Advisors LLC bought a new position in ConocoPhillips during the first quarter worth about $123,000. Hedge funds and other institutional investors own 68.99% of the company’s stock.
A number of analysts have recently commented on the company. J P Morgan Chase & Co restated an “overweight” rating on shares of ConocoPhillips in a report on Saturday. BidaskClub upgraded ConocoPhillips from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Royal Bank Of Canada restated a “buy” rating and issued a $62.00 price target on shares of ConocoPhillips in a report on Thursday, June 15th. Zacks Investment Research upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Scotiabank set a $54.00 price target on ConocoPhillips and gave the company a “buy” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $54.19.
Shares of ConocoPhillips (COP) traded up 1.48% during trading on Friday, reaching $46.51. The company’s stock had a trading volume of 11,895,013 shares. The firm’s market cap is $56.60 billion. ConocoPhillips has a 12 month low of $39.00 and a 12 month high of $53.17. The stock’s 50 day moving average price is $44.48 and its 200-day moving average price is $45.66.
ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. The firm had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $6.74 billion. During the same quarter last year, the firm earned ($0.79) EPS. Equities analysts predict that ConocoPhillips will post $0.26 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were given a dividend of $0.265 per share. The ex-dividend date was Thursday, July 20th. This represents a $1.06 annualized dividend and a dividend yield of 2.28%. ConocoPhillips’s dividend payout ratio is currently -34.98%.
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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