Eudaimonia Partners LLC Buys Shares of 21,553 ConocoPhillips (NYSE:COP)

Eudaimonia Partners LLC bought a new stake in shares of ConocoPhillips (NYSE:COPGet Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,553 shares of the energy producer’s stock, valued at approximately $2,155,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Evercore Wealth Management LLC raised its position in ConocoPhillips by 41.3% during the 1st quarter. Evercore Wealth Management LLC now owns 13,566 shares of the energy producer’s stock valued at $1,357,000 after purchasing an additional 3,965 shares in the last quarter. First Manhattan Co. raised its position in ConocoPhillips by 0.8% during the 1st quarter. First Manhattan Co. now owns 155,651 shares of the energy producer’s stock valued at $15,565,000 after purchasing an additional 1,242 shares in the last quarter. First Republic Investment Management Inc. raised its position in ConocoPhillips by 9.5% during the 1st quarter. First Republic Investment Management Inc. now owns 697,281 shares of the energy producer’s stock valued at $69,728,000 after purchasing an additional 60,715 shares in the last quarter. Forum Financial Management LP raised its position in ConocoPhillips by 5.5% during the 1st quarter. Forum Financial Management LP now owns 16,998 shares of the energy producer’s stock valued at $1,699,000 after purchasing an additional 882 shares in the last quarter. Finally, Guardian Capital Advisors LP raised its position in ConocoPhillips by 2.6% during the 1st quarter. Guardian Capital Advisors LP now owns 7,793 shares of the energy producer’s stock valued at $797,000 after purchasing an additional 200 shares in the last quarter. 79.66% of the stock is owned by institutional investors.

ConocoPhillips Stock Up 2.2 %

ConocoPhillips stock opened at $114.39 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.54. The business’s 50-day simple moving average is $97.35 and its two-hundred day simple moving average is $100.28. The company has a market cap of $147.96 billion, a PE ratio of 9.45, a PEG ratio of 0.36 and a beta of 1.31. ConocoPhillips has a fifty-two week low of $56.30 and a fifty-two week high of $124.08.

ConocoPhillips (NYSE:COPGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The energy producer reported $3.91 earnings per share for the quarter, missing the consensus estimate 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. Equities analysts anticipate 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 paid a dividend of $1.40 per share. The ex-dividend date is Thursday, September 29th. ConocoPhillips’s payout ratio is presently 15.19%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on COP. Piper Sandler lifted their target price on ConocoPhillips from $123.00 to $134.00 and gave the company an “overweight” rating in a research report on Monday. Mizuho cut their price target on ConocoPhillips from $148.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, August 18th. StockNews.com downgraded ConocoPhillips from a “buy” rating to a “hold” rating in a report on Tuesday, August 16th. Bank of America upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and cut their price target for the company from $135.00 to $134.00 in a report on Tuesday, July 19th. Finally, Barclays lifted their price target on ConocoPhillips from $142.00 to $153.00 and gave the company an “overweight” rating in a report on Wednesday, August 31st. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.47.

ConocoPhillips Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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