Childress Capital Advisors LLC Sells 20,631 Shares of ConocoPhillips $COP

Childress Capital Advisors LLC cut its position in ConocoPhillips (NYSE:COP) by 14.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,929 shares of the energy producer’s stock after selling 20,631 shares during the quarter. ConocoPhillips accounts for 2.9% of Childress Capital Advisors LLC’s holdings, making the stock its 7th largest holding. Childress Capital Advisors LLC’s holdings in ConocoPhillips were worth $16,095,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of COP. KERR FINANCIAL PLANNING Corp lifted its stake in ConocoPhillips by 316.9% during the 1st quarter. KERR FINANCIAL PLANNING Corp now owns 1,334 shares of the energy producer’s stock worth $165,000 after acquiring an additional 1,014 shares in the last quarter. Armor Investment Advisors LLC acquired a new position in ConocoPhillips in the 1st quarter valued at about $212,000. Horst & Graben Wealth Management LLC acquired a new position in ConocoPhillips in the 1st quarter valued at about $258,000. Resonant Capital Advisors LLC increased its stake in ConocoPhillips by 20.9% during the first quarter. Resonant Capital Advisors LLC now owns 7,483 shares of the energy producer’s stock worth $988,000 after purchasing an additional 1,292 shares during the period. Finally, Unison Advisors LLC increased its stake in ConocoPhillips by 0.9% during the first quarter. Unison Advisors LLC now owns 17,886 shares of the energy producer’s stock worth $2,361,000 after purchasing an additional 155 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on COP shares. Citigroup increased their price target on shares of ConocoPhillips from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Zacks Research downgraded shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. The Goldman Sachs Group reduced their target price on shares of ConocoPhillips from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Roth Capital upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $124.00 to $130.00 in a research note on Monday, June 22nd. Finally, BMO Capital Markets cut their price objective on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $134.60.

ConocoPhillips Stock Up 4.8%

COP opened at $108.56 on Wednesday. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. The stock has a market capitalization of $132.26 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 1.19 and a beta of 0.12. The business’s 50-day simple moving average is $115.08 and its 200-day simple moving average is $112.44.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The firm had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The business’s revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 EPS. Analysts anticipate that ConocoPhillips will post 9.66 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a dividend of $0.84 per share. The ex-dividend date was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.1%. ConocoPhillips’s dividend payout ratio (DPR) is 57.05%.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.