Livelsberger Financial Advisory Takes $120,000 Position in ConocoPhillips $COP

Livelsberger Financial Advisory purchased a new stake in ConocoPhillips (NYSE:COP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,337 shares of the energy producer’s stock, valued at approximately $120,000. ConocoPhillips makes up approximately 2.3% of Livelsberger Financial Advisory’s investment portfolio, making the stock its 13th largest holding.

Other institutional investors also recently modified their holdings of the company. 10Elms LLP bought a new stake in shares of ConocoPhillips in the fourth quarter valued at about $28,000. Financial Network Wealth Advisors LLC lifted its holdings in shares of ConocoPhillips by 341.5% in the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock valued at $30,000 after purchasing an additional 222 shares in the last quarter. Stone House Investment Management LLC bought a new stake in shares of ConocoPhillips in the first quarter valued at about $31,000. Garde Capital Inc. bought a new stake in shares of ConocoPhillips in the first quarter valued at about $35,000. Finally, IMA Advisory Services Inc. acquired a new stake in shares of ConocoPhillips in the first quarter valued at about $37,000. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $92.60 on Monday. The business’s 50 day moving average price is $94.75 and its two-hundred day moving average price is $92.92. The company has a market cap of $115.65 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 2.43 and a beta of 0.69. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $116.08.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.06. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter in the previous year, the business earned $1.98 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. On average, analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 annualized dividend and a dividend yield of 3.4%. ConocoPhillips’s dividend payout ratio is presently 41.88%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on COP. Scotiabank lifted their target price on ConocoPhillips from $95.00 to $100.00 and gave the company a “sector perform” rating in a research report on Friday, July 11th. UBS Group lifted their target price on ConocoPhillips from $116.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, August 20th. Citigroup lowered their target price on ConocoPhillips from $140.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, June 11th. Roth Capital reaffirmed a “buy” rating on shares of ConocoPhillips in a research report on Wednesday, September 3rd. Finally, Raymond James Financial lowered their target price on ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. Sixteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $120.86.

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.