Copperwynd Financial LLC Purchases 147 Shares of ConocoPhillips $COP

Copperwynd Financial LLC increased its stake in ConocoPhillips (NYSE:COP) by 1.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,707 shares of the energy producer’s stock after buying an additional 147 shares during the quarter. Copperwynd Financial LLC’s holdings in ConocoPhillips were worth $781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Network Wealth Advisors LLC grew its stake in shares of ConocoPhillips by 341.5% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock worth $30,000 after buying an additional 222 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of ConocoPhillips in the 1st quarter worth approximately $31,000. Garde Capital Inc. purchased a new stake in shares of ConocoPhillips in the 1st quarter worth approximately $35,000. IMA Advisory Services Inc. purchased a new stake in shares of ConocoPhillips in the 1st quarter worth approximately $37,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of ConocoPhillips by 418.6% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer’s stock worth $38,000 after buying an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Price Performance

NYSE:COP opened at $93.76 on Thursday. 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’s 50-day simple moving average is $94.77 and its two-hundred day simple moving average is $92.76. The stock has a market cap of $117.10 billion, a PE ratio of 12.59, a P/E/G ratio of 2.53 and a beta of 0.62. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $115.38.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.06. The business had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $14.39 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $1.98 earnings per share. As a group, analysts forecast 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 issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.3%. ConocoPhillips’s dividend payout ratio (DPR) is currently 41.88%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on COP shares. Weiss Ratings restated a “hold (c-)” rating on shares of ConocoPhillips in a research note on Wednesday. Morgan Stanley reiterated an “overweight” rating and set a $123.00 target price (up from $119.00) on shares of ConocoPhillips in a research note on Sunday, August 10th. Piper Sandler increased their target price on ConocoPhillips from $123.00 to $124.00 and gave the company an “overweight” rating in a research note on Monday, August 18th. Barclays cut their target price on ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Capital One Financial increased their target price on ConocoPhillips from $111.00 to $112.00 in a research note on Friday, October 3rd. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and a consensus price target of $117.23.

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.