ConocoPhillips $COP Holdings Reduced by Lionsbridge Wealth Management LLC

Lionsbridge Wealth Management LLC decreased its position in ConocoPhillips (NYSE:COP) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,288 shares of the energy producer’s stock after selling 247 shares during the period. Lionsbridge Wealth Management LLC’s holdings in ConocoPhillips were worth $1,462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bogart Wealth LLC boosted its holdings in shares of ConocoPhillips by 136.8% in the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after acquiring an additional 182 shares in the last quarter. Activest Wealth Management boosted its holdings in shares of ConocoPhillips by 249.5% in the second quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock valued at $29,000 after acquiring an additional 232 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its holdings in shares of ConocoPhillips by 341.5% in the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock valued at $30,000 after acquiring an additional 222 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of ConocoPhillips in the first quarter valued at approximately $31,000. Finally, Garde Capital Inc. bought a new position in shares of ConocoPhillips in the first quarter valued at approximately $35,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Up 0.6%

COP stock opened at $87.01 on Tuesday. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $115.38. The firm has a market cap of $108.67 billion, a PE ratio of 11.68, a P/E/G ratio of 2.29 and a beta of 0.62. The firm has a 50 day simple moving average of $93.91 and a 200 day simple moving average of $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 (NYSE:COP) last issued its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, beating the consensus estimate 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 net margin of 15.26% and a return on equity of 14.60%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.98 EPS. Equities research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, August 18th. ConocoPhillips’s dividend payout ratio is 41.88%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on COP shares. BMO Capital Markets increased their price objective on shares of ConocoPhillips from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, October 13th. UBS Group decreased their price objective on shares of ConocoPhillips from $124.00 to $122.00 and set a “buy” rating for the company in a report on Monday, October 13th. JPMorgan Chase & Co. increased their price objective on shares of ConocoPhillips from $114.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Jefferies Financial Group cut their target price on shares of ConocoPhillips from $129.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Wall Street Zen lowered shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Saturday. Eighteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $115.63.

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.