ConocoPhillips $COP is Childress Capital Advisors LLC’s 7th Largest Position

Childress Capital Advisors LLC trimmed its holdings in ConocoPhillips (NYSE:COP) by 14.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 121,929 shares of the energy producer’s stock after selling 20,631 shares during the quarter. ConocoPhillips accounts for approximately 2.9% of Childress Capital Advisors LLC’s investment portfolio, making the stock its 7th biggest holding. Childress Capital Advisors LLC’s holdings in ConocoPhillips were worth $16,095,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AXA S.A. grew its stake in shares of ConocoPhillips by 91.1% during the 2nd quarter. AXA S.A. now owns 84,937 shares of the energy producer’s stock worth $7,622,000 after purchasing an additional 40,499 shares during the period. Sei Investments Co. lifted its stake in shares of ConocoPhillips by 6.1% in the 2nd quarter. Sei Investments Co. now owns 784,368 shares of the energy producer’s stock valued at $70,397,000 after purchasing an additional 44,852 shares during the period. BNP Paribas purchased a new stake in ConocoPhillips during the second quarter worth $33,000. Osterweis Capital Management Inc. acquired a new stake in ConocoPhillips during the second quarter valued at $151,000. Finally, Main Street Financial Solutions LLC increased its holdings in ConocoPhillips by 53.5% in the second quarter. Main Street Financial Solutions LLC now owns 4,806 shares of the energy producer’s stock valued at $431,000 after buying an additional 1,675 shares in the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COP has been the subject of several research analyst reports. Jefferies Financial Group upped their target price on ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Argus lifted their price target on shares of ConocoPhillips from $128.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Morgan Stanley cut their price target on shares of ConocoPhillips from $153.00 to $146.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Capital One Financial reduced their price objective on shares of ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. Finally, Roth Capital upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $124.00 to $130.00 in a report on Monday, June 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and an average price target of $134.60.

ConocoPhillips Trading Up 4.8%

Shares of COP stock opened at $108.56 on Wednesday. The company’s 50-day moving average price is $115.08 and its 200-day moving average price is $112.44. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $135.87. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The stock has a market cap of $132.26 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.19 and a beta of 0.12.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. The business had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The company’s revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.09 EPS. As a group, equities analysts predict that ConocoPhillips will post 9.66 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were given a $0.84 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a yield of 3.1%. ConocoPhillips’s dividend payout ratio is presently 57.05%.

ConocoPhillips Company 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.