ConocoPhillips (NYSE:COP) Shares Purchased by Connors Investor Services Inc.

Connors Investor Services Inc. grew its position in shares of ConocoPhillips (NYSE:COP) by 0.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,949 shares of the energy producer’s stock after purchasing an additional 301 shares during the period. Connors Investor Services Inc.’s holdings in ConocoPhillips were worth $7,658,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Cooksen Wealth LLC purchased a new stake in shares of ConocoPhillips during the fourth quarter worth about $27,000. Sachetta LLC purchased a new position in shares of ConocoPhillips during the 4th quarter valued at approximately $27,000. Richardson Capital Management LLC bought a new position in ConocoPhillips during the 1st quarter valued at $31,000. Cape Investment Advisory Inc. boosted its holdings in ConocoPhillips by 96.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock worth $29,000 after purchasing an additional 121 shares during the period. Finally, Ruedi Wealth Management Inc. lifted its position in shares of ConocoPhillips by 150.0% in the 1st quarter. Ruedi Wealth Management Inc. now owns 250 shares of the energy producer’s stock worth $32,000 after buying an additional 150 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director Timothy A. Leach sold 55,500 shares of ConocoPhillips stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total value of $6,000,105.00. Following the completion of the transaction, the director now owns 455,909 shares in the company, valued at approximately $49,288,321.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by insiders.

ConocoPhillips Trading Up 2.0 %

Shares of NYSE:COP opened at $105.56 on Tuesday. ConocoPhillips has a 12-month low of $101.29 and a 12-month high of $135.18. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $122.58 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.22. The firm has a fifty day moving average of $110.03 and a two-hundred day moving average of $116.69.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, August 1st. The energy producer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.02. ConocoPhillips had a return on equity of 20.81% and a net margin of 18.18%. The business had revenue of $14.14 billion for the quarter, compared to the consensus estimate of $14.96 billion. During the same period last year, the business earned $1.84 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts expect that ConocoPhillips will post 8.41 EPS for the current fiscal year.

ConocoPhillips Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Monday, August 12th. ConocoPhillips’s dividend payout ratio is 26.27%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Mizuho cut their target price on shares of ConocoPhillips from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Monday. Truist Financial cut their price target on ConocoPhillips from $147.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Argus upgraded ConocoPhillips to a “strong-buy” rating in a research report on Friday, June 7th. UBS Group raised their target price on ConocoPhillips from $151.00 to $153.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, Susquehanna lowered their price target on shares of ConocoPhillips from $154.00 to $147.00 and set a “positive” rating for the company in a research report on Wednesday, September 4th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $143.06.

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.