Diversify Advisory Services LLC Buys Shares of 2,995 ConocoPhillips (NYSE:COP)

Diversify Advisory Services LLC bought a new stake in ConocoPhillips (NYSE:COPFree Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,995 shares of the energy producer’s stock, valued at approximately $385,000.

A number of other institutional investors also recently bought and sold shares of COP. Orion Capital Management LLC bought a new position in ConocoPhillips in the third quarter valued at about $27,000. West Branch Capital LLC lifted its holdings in ConocoPhillips by 87.8% in the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after acquiring an additional 108 shares during the period. Sachetta LLC bought a new position in ConocoPhillips in the fourth quarter valued at about $27,000. Cooksen Wealth LLC bought a new position in shares of ConocoPhillips in the fourth quarter worth about $27,000. Finally, Cape Investment Advisory Inc. raised its stake in shares of ConocoPhillips by 96.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock worth $29,000 after buying an additional 121 shares during the period. Institutional investors own 82.36% of the company’s stock.

Analysts Set New Price Targets

COP has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. StockNews.com raised ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. Argus raised ConocoPhillips to a “strong-buy” rating in a research note on Friday, June 7th. Bank of America reaffirmed a “buy” rating and issued a $147.00 price objective on shares of ConocoPhillips in a research note on Friday, June 14th. Finally, Truist Financial raised their price objective on ConocoPhillips from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average price target of $144.18.

Check Out Our Latest Stock Report on ConocoPhillips

ConocoPhillips Stock Performance

NYSE COP opened at $112.55 on Friday. The stock has a market capitalization of $131.63 billion, a PE ratio of 12.75, a P/E/G ratio of 2.01 and a beta of 1.23. The business has a 50 day simple moving average of $116.73 and a two-hundred day simple moving average of $117.56. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.21. ConocoPhillips has a 1-year low of $99.35 and a 1-year high of $135.18.

ConocoPhillips (NYSE:COPGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The energy producer reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.04. The business had revenue of $14.48 billion during the quarter, compared to analysts’ expectations of $14.72 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. On average, research analysts predict that ConocoPhillips will post 8.89 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, May 10th. ConocoPhillips’s dividend payout ratio is presently 26.27%.

ConocoPhillips Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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