CW Advisors LLC Raises Holdings in ConocoPhillips $COP

CW Advisors LLC increased its position in ConocoPhillips (NYSE:COP) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,054 shares of the energy producer’s stock after buying an additional 11,157 shares during the period. CW Advisors LLC’s holdings in ConocoPhillips were worth $15,979,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Blair William & Co. IL raised its stake in ConocoPhillips by 1.2% during the first quarter. Blair William & Co. IL now owns 52,831 shares of the energy producer’s stock valued at $5,548,000 after purchasing an additional 620 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of ConocoPhillips by 18.3% in the 1st quarter. Thoroughbred Financial Services LLC now owns 5,014 shares of the energy producer’s stock worth $526,000 after buying an additional 776 shares during the last quarter. Costello Asset Management INC raised its position in shares of ConocoPhillips by 34.7% during the 1st quarter. Costello Asset Management INC now owns 943 shares of the energy producer’s stock valued at $99,000 after buying an additional 243 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of ConocoPhillips by 15.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 1,755 shares of the energy producer’s stock valued at $184,000 after buying an additional 237 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its holdings in shares of ConocoPhillips by 7.3% in the 1st quarter. Wealthspire Advisors LLC now owns 7,750 shares of the energy producer’s stock valued at $814,000 after acquiring an additional 526 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Up 2.7%

NYSE:COP opened at $91.73 on Thursday. The company has a market cap of $113.35 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 2.04 and a beta of 0.32. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $106.20. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $89.70 and a 200-day simple moving average of $91.75.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, November 6th. The energy producer reported $1.61 EPS for the quarter, topping the consensus estimate of $1.41 by $0.20. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The company had revenue of $15.03 billion for the quarter, compared to the consensus estimate of $14.51 billion. During the same quarter last year, the firm posted $1.78 EPS. The firm’s revenue was up 14.1% compared to the same quarter last year. Analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were paid a dividend of $0.84 per share. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, November 17th. ConocoPhillips’s payout ratio is presently 47.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. BMO Capital Markets decreased their price objective on ConocoPhillips from $122.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Melius Research assumed coverage on ConocoPhillips in a report on Wednesday, August 20th. They set a “hold” rating and a $117.00 price target on the stock. Wells Fargo & Company started coverage on shares of ConocoPhillips in a research note on Friday, October 17th. They set an “equal weight” rating and a $100.00 price objective for the company. Morgan Stanley cut their price objective on shares of ConocoPhillips from $122.00 to $117.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Finally, Evercore ISI lowered their target price on shares of ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating for the company in a report on Monday, October 6th. Nineteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and a consensus price target of $115.16.

Insider Activity

In other news, Director William H. Mcraven acquired 5,768 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average price of $86.68 per share, with a total value of $499,970.24. Following the completion of the purchase, the director directly owned 5,768 shares in the company, valued at $499,970.24. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.24% of the company’s stock.

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.