ConocoPhillips $COP Shares Sold by Godsey & Gibb Inc.

Godsey & Gibb Inc. trimmed its position in shares of ConocoPhillips (NYSE:COP) by 14.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,635 shares of the energy producer’s stock after selling 1,641 shares during the quarter. Godsey & Gibb Inc.’s holdings in ConocoPhillips were worth $865,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Financial Network Wealth Advisors LLC boosted its holdings in shares of ConocoPhillips by 341.5% during the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock worth $30,000 after purchasing an additional 222 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of ConocoPhillips during the 1st quarter valued at approximately $31,000. Garde Capital Inc. bought a new position in ConocoPhillips in the first quarter worth about $35,000. IMA Advisory Services Inc. acquired a new position in shares of ConocoPhillips during the first quarter worth approximately $37,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in ConocoPhillips by 418.6% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer’s stock worth $38,000 after purchasing an additional 293 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Up 0.7%

Shares of NYSE:COP opened at $94.86 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $118.47 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 2.49 and a beta of 0.62. The stock’s 50-day moving average price is $94.88 and its 200-day moving average price is $92.74. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $116.08.

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

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a $0.78 dividend. The ex-dividend date was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.3%. ConocoPhillips’s payout ratio is currently 41.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on COP shares. Raymond James Financial cut their target price on shares of ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, September 8th. Citigroup dropped their price objective on shares of ConocoPhillips from $140.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, June 11th. Wells Fargo & Company reissued an “overweight” rating and issued a $117.00 price target (up previously from $113.00) on shares of ConocoPhillips in a report on Thursday, June 26th. Roth Capital reiterated a “buy” rating on shares of ConocoPhillips in a research note on Wednesday, September 3rd. Finally, Melius Research started coverage on ConocoPhillips in a research report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 target price on the stock. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $117.32.

About ConocoPhillips

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.