Aull & Monroe Investment Management Corp Has $1.55 Million Stake in ConocoPhillips $COP

Aull & Monroe Investment Management Corp trimmed its holdings in shares of ConocoPhillips (NYSE:COP) by 13.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,255 shares of the energy producer’s stock after selling 2,730 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in ConocoPhillips were worth $1,548,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of COP. Schwartz Investment Counsel Inc. grew its position in shares of ConocoPhillips by 159.6% in the first quarter. Schwartz Investment Counsel Inc. now owns 48,800 shares of the energy producer’s stock valued at $5,125,000 after purchasing an additional 30,000 shares during the last quarter. Aberdeen Group plc grew its position in shares of ConocoPhillips by 49.3% in the first quarter. Aberdeen Group plc now owns 801,426 shares of the energy producer’s stock valued at $83,969,000 after purchasing an additional 264,726 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of ConocoPhillips by 17.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 154,360 shares of the energy producer’s stock valued at $13,927,000 after purchasing an additional 22,827 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in shares of ConocoPhillips by 17.7% in the first quarter. Ashton Thomas Private Wealth LLC now owns 37,361 shares of the energy producer’s stock valued at $3,924,000 after purchasing an additional 5,627 shares during the last quarter. Finally, Lynx Investment Advisory grew its position in shares of ConocoPhillips by 316.6% in the first quarter. Lynx Investment Advisory now owns 10,769 shares of the energy producer’s stock valued at $1,131,000 after purchasing an additional 8,184 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COP has been the topic of several research analyst reports. BMO Capital Markets raised their price target on ConocoPhillips from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, October 13th. Piper Sandler lowered their price target on ConocoPhillips from $124.00 to $115.00 and set an “overweight” rating on the stock in a research report on Monday, October 13th. Roth Capital reduced their target price on shares of ConocoPhillips from $108.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of ConocoPhillips in a research note on Wednesday, October 8th. Finally, Morgan Stanley reduced their target price on shares of ConocoPhillips from $123.00 to $122.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. Seventeen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and an average target price of $115.00.

ConocoPhillips Stock Down 0.4%

Shares of COP opened at $86.53 on Friday. The stock has a market cap of $108.07 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 2.32 and a beta of 0.62. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $115.38. The company has a 50-day moving average price of $94.04 and a two-hundred day moving average price of $91.93.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.06. The firm had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 earnings per share. Equities analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a dividend of $0.78 per share. The ex-dividend date was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.6%. ConocoPhillips’s dividend payout ratio (DPR) is currently 41.88%.

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.