ConocoPhillips $COP Shares Purchased by Oregon Pacific Wealth Management LLC

Oregon Pacific Wealth Management LLC boosted its position in ConocoPhillips (NYSE:COP) by 5.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,229 shares of the energy producer’s stock after purchasing an additional 123 shares during the period. Oregon Pacific Wealth Management LLC’s holdings in ConocoPhillips were worth $200,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of COP. Charles Schwab Investment Management Inc. increased its holdings in shares of ConocoPhillips by 379.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 40,094,754 shares of the energy producer’s stock valued at $4,210,751,000 after buying an additional 31,736,423 shares in the last quarter. Nuveen LLC bought a new position in shares of ConocoPhillips in the first quarter valued at $658,981,000. AQR Capital Management LLC increased its holdings in shares of ConocoPhillips by 190.5% in the first quarter. AQR Capital Management LLC now owns 4,664,408 shares of the energy producer’s stock valued at $484,539,000 after buying an additional 3,058,505 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of ConocoPhillips by 10,440.1% in the first quarter. GAMMA Investing LLC now owns 2,964,189 shares of the energy producer’s stock valued at $311,299,000 after buying an additional 2,936,066 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of ConocoPhillips by 30.2% in the first quarter. Goldman Sachs Group Inc. now owns 8,972,545 shares of the energy producer’s stock valued at $942,297,000 after buying an additional 2,080,625 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Up 0.2%

ConocoPhillips stock opened at $92.11 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. The company has a market capitalization of $115.04 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 2.42 and a beta of 0.69. ConocoPhillips has a one year low of $79.88 and a one year high of $116.08. The company’s fifty day moving average price is $94.55 and its two-hundred day moving average price is $92.98.

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

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, August 18th. ConocoPhillips’s dividend payout ratio is 41.88%.

Analyst Upgrades and Downgrades

COP has been the topic of several research reports. Wall Street Zen raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday. Mizuho cut their target price on shares of ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Scotiabank boosted their target price on shares of ConocoPhillips from $95.00 to $100.00 and gave the company a “sector perform” rating in a research note on Friday, July 11th. BMO Capital Markets boosted their target price on shares of ConocoPhillips from $113.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $117.00 target price (up from $113.00) on shares of ConocoPhillips in a research note on Thursday, June 26th. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus target price of $120.14.

ConocoPhillips Company 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.