Quotient Wealth Partners LLC Purchases 403 Shares of ConocoPhillips $COP

Quotient Wealth Partners LLC lifted its position in ConocoPhillips (NYSE:COP) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,699 shares of the energy producer’s stock after acquiring an additional 403 shares during the period. Quotient Wealth Partners LLC’s holdings in ConocoPhillips were worth $3,742,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Schwartz Investment Counsel Inc. raised its position in shares of ConocoPhillips by 159.6% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 48,800 shares of the energy producer’s stock worth $5,125,000 after acquiring an additional 30,000 shares in the last quarter. Aberdeen Group plc raised its position in shares of ConocoPhillips by 49.3% in the 1st quarter. Aberdeen Group plc now owns 801,426 shares of the energy producer’s stock worth $83,969,000 after acquiring an additional 264,726 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of ConocoPhillips by 17.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 154,360 shares of the energy producer’s stock worth $13,927,000 after acquiring an additional 22,827 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of ConocoPhillips by 17.7% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 37,361 shares of the energy producer’s stock worth $3,924,000 after acquiring an additional 5,627 shares in the last quarter. Finally, Lynx Investment Advisory raised its position in shares of ConocoPhillips by 316.6% in the 1st quarter. Lynx Investment Advisory now owns 10,769 shares of the energy producer’s stock worth $1,131,000 after acquiring an additional 8,184 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on COP shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ConocoPhillips in a research report on Wednesday, October 8th. Susquehanna lowered their price objective on ConocoPhillips from $114.00 to $113.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen cut ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Saturday. Mizuho lowered their price objective on ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, September 15th. Finally, Scotiabank lifted their price objective on ConocoPhillips from $95.00 to $100.00 and gave the company a “sector perform” rating in a research note on Friday, July 11th. Seventeen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.00.

ConocoPhillips Stock Down 0.4%

ConocoPhillips stock opened at $86.53 on Friday. The firm has a market cap of $108.07 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 2.33 and a beta of 0.62. The stock has a fifty day simple moving average of $94.04 and a two-hundred day simple moving average of $92.03. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $115.38. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.06. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.39 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 EPS. Equities analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.6%. ConocoPhillips’s dividend payout ratio (DPR) is presently 41.88%.

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.