Kiley Juergens Wealth Management LLC Makes New $1.06 Million Investment in ConocoPhillips $COP

Kiley Juergens Wealth Management LLC purchased a new stake in ConocoPhillips (NYSE:COP) during the first quarter, HoldingsChannel.com reports. The firm purchased 8,027 shares of the energy producer’s stock, valued at approximately $1,060,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COP. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of ConocoPhillips in the 4th quarter valued at about $25,000. Strive Asset Management LLC acquired a new stake in ConocoPhillips in the third quarter valued at $28,000. Board of the Pension Protection Fund purchased a new position in shares of ConocoPhillips in the fourth quarter valued at $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of ConocoPhillips during the 3rd quarter worth $28,000. Finally, Sfam LLC purchased a new stake in shares of ConocoPhillips in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Trading Up 2.7%

Shares of COP stock traded up $2.76 on Tuesday, reaching $106.34. 1,095,356 shares of the stock were exchanged, compared to its average volume of 8,874,642. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. The stock has a market cap of $129.55 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.20 and a beta of 0.12. The firm has a 50 day moving average of $115.76 and a two-hundred day moving average of $112.25. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.87.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter last year, the firm earned $2.09 earnings per share. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, research analysts anticipate that ConocoPhillips will post 9.66 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were issued a dividend of $0.84 per share. The ex-dividend date was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.2%. ConocoPhillips’s payout ratio is presently 57.05%.

Analyst Ratings Changes

A number of equities analysts have issued reports on COP shares. BMO Capital Markets cut their target price on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Sanford C. Bernstein raised their price objective on shares of ConocoPhillips from $98.00 to $121.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Piper Sandler lifted their price objective on ConocoPhillips from $154.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Argus upped their target price on ConocoPhillips from $128.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Scotiabank increased their target price on ConocoPhillips from $100.00 to $125.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Eighteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.60.

ConocoPhillips Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.