apricus wealth LLC Sells 315 Shares of ConocoPhillips $COP

apricus wealth LLC lessened its stake in shares of ConocoPhillips (NYSE:COP) by 1.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,677 shares of the energy producer’s stock after selling 315 shares during the period. apricus wealth LLC’s holdings in ConocoPhillips were worth $2,125,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of COP. Bogart Wealth LLC boosted its position in shares of ConocoPhillips by 136.8% during the 2nd quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock worth $28,000 after purchasing an additional 182 shares in the last quarter. Activest Wealth Management raised its stake in ConocoPhillips by 249.5% during the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock worth $29,000 after buying an additional 232 shares during the period. Financial Network Wealth Advisors LLC boosted its holdings in ConocoPhillips by 341.5% in the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock worth $30,000 after acquiring an additional 222 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in ConocoPhillips in the first quarter valued at approximately $31,000. Finally, Garde Capital Inc. acquired a new stake in ConocoPhillips in the first quarter valued at approximately $35,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COP. Raymond James Financial cut their target price on ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, September 8th. Melius Research initiated coverage on shares of ConocoPhillips in a research note on Wednesday, August 20th. They issued a “hold” rating and a $117.00 price objective on the stock. Susquehanna reduced their price objective on shares of ConocoPhillips to $113.00 and set a “positive” rating for the company in a report on Monday. Jefferies Financial Group lowered their target price on shares of ConocoPhillips from $129.00 to $120.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, Capital One Financial lifted their price target on ConocoPhillips from $111.00 to $112.00 in a research note on Friday, October 3rd. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.63.

ConocoPhillips Trading Up 0.6%

NYSE COP opened at $87.01 on Tuesday. The stock has a market capitalization of $108.67 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 2.29 and a beta of 0.62. The business’s fifty day moving average is $93.91 and its 200-day moving average is $91.92. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. ConocoPhillips has a one year low of $79.88 and a one year high of $115.38.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data 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 business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. During the same quarter in the previous year, the firm posted $1.98 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips’s dividend payout ratio is 41.88%.

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.