ConocoPhillips (NYSE:COP) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in shares of ConocoPhillips (NYSE:COPGet Rating) by 59.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,455 shares of the energy producer’s stock after buying an additional 4,261 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in ConocoPhillips were worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COP. Delos Wealth Advisors LLC grew its position in ConocoPhillips by 1,300.0% during the fourth quarter. Delos Wealth Advisors LLC now owns 378 shares of the energy producer’s stock worth $27,000 after buying an additional 351 shares during the period. James Investment Research Inc. acquired a new position in shares of ConocoPhillips during the 1st quarter worth approximately $29,000. Fairfield Bush & CO. purchased a new stake in ConocoPhillips in the 1st quarter valued at approximately $31,000. Versant Capital Management Inc grew its holdings in ConocoPhillips by 93.1% during the 1st quarter. Versant Capital Management Inc now owns 365 shares of the energy producer’s stock valued at $37,000 after buying an additional 176 shares during the last quarter. Finally, Pittenger & Anderson Inc. raised its holdings in shares of ConocoPhillips by 49.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 526 shares of the energy producer’s stock worth $38,000 after acquiring an additional 175 shares during the last quarter. 79.66% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

COP stock opened at $108.32 on Friday. The stock has a 50-day moving average price of $96.93 and a two-hundred day moving average price of $99.94. ConocoPhillips has a 12-month low of $54.83 and a 12-month high of $124.08. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The company has a market cap of $140.11 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 0.34 and a beta of 1.31.

ConocoPhillips (NYSE:COPGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The energy producer reported $3.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.95 by ($0.04). ConocoPhillips had a net margin of 23.10% and a return on equity of 31.24%. During the same period in the previous year, the company posted $1.27 EPS. As a group, research analysts predict that ConocoPhillips will post 15.13 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently declared a None dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29th will be given a dividend of $1.40 per share. The ex-dividend date is Thursday, September 29th. ConocoPhillips’s dividend payout ratio (DPR) is presently 15.19%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COP. Mizuho cut their price target on ConocoPhillips from $148.00 to $138.00 and set a “buy” rating for the company in a report on Thursday, August 18th. Morgan Stanley boosted their price target on ConocoPhillips from $117.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, August 29th. MKM Partners boosted their price target on ConocoPhillips from $110.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, August 26th. Piper Sandler cut their price target on ConocoPhillips from $148.00 to $123.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Finally, Truist Financial cut their price target on ConocoPhillips from $126.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $120.89.

ConocoPhillips Profile

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ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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