Curated Wealth Partners LLC Has $1.35 Million Stock Position in ConocoPhillips $COP

Curated Wealth Partners LLC trimmed its position in ConocoPhillips (NYSE:COP) by 11.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,049 shares of the energy producer’s stock after selling 1,897 shares during the quarter. Curated Wealth Partners LLC’s holdings in ConocoPhillips were worth $1,350,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Financial Network Wealth Advisors LLC grew its stake 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 period. Stone House Investment Management LLC acquired a new position in shares of ConocoPhillips during the 1st quarter worth about $31,000. Garde Capital Inc. acquired a new position in shares of ConocoPhillips during the 1st quarter worth about $35,000. IMA Advisory Services Inc. acquired a new position in ConocoPhillips during the first quarter valued at approximately $37,000. Finally, Clal Insurance Enterprises Holdings Ltd grew 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 valued at $38,000 after purchasing an additional 293 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Trading Down 0.7%

NYSE:COP opened at $88.17 on Wednesday. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $115.38. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average price of $94.42 and a two-hundred day moving average price of $92.32. The company has a market cap of $110.11 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 2.36 and a beta of 0.62.

ConocoPhillips (NYSE:COP) last announced 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. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The business had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $14.39 billion. During the same quarter in the prior year, the company posted $1.98 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. As a group, analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, August 18th. ConocoPhillips’s dividend payout ratio is currently 41.88%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on COP shares. BMO Capital Markets boosted their price target on shares of ConocoPhillips from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday. Evercore ISI decreased their target price on ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating for the company in a research note on Monday, October 6th. UBS Group decreased their target price on ConocoPhillips from $124.00 to $122.00 and set a “buy” rating for the company in a research note on Monday. Raymond James Financial decreased their price objective on ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, September 8th. Finally, Susquehanna decreased their price objective on ConocoPhillips from $114.00 to $113.00 and set a “positive” rating for the company in a research report on Wednesday, July 23rd. Seventeen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $117.13.

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.