Strengthening Families & Communities LLC Has $1.68 Million Stock Position in ConocoPhillips $COP

Strengthening Families & Communities LLC lifted its stake in ConocoPhillips (NYSE:COP) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,558 shares of the energy producer’s stock after purchasing an additional 140 shares during the period. Strengthening Families & Communities LLC’s holdings in ConocoPhillips were worth $1,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in COP. Charles Schwab Investment Management Inc. boosted its position in shares of ConocoPhillips by 379.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 40,094,754 shares of the energy producer’s stock worth $4,210,751,000 after purchasing an additional 31,736,423 shares during the last quarter. Nuveen LLC bought a new position in shares of ConocoPhillips in the 1st quarter worth $658,981,000. AQR Capital Management LLC boosted its position in shares of ConocoPhillips by 190.5% in the 1st quarter. AQR Capital Management LLC now owns 4,664,408 shares of the energy producer’s stock worth $484,539,000 after purchasing an additional 3,058,505 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of ConocoPhillips by 30.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,972,545 shares of the energy producer’s stock worth $942,297,000 after purchasing an additional 2,080,625 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of ConocoPhillips by 53.8% in the 1st quarter. Deutsche Bank AG now owns 5,240,275 shares of the energy producer’s stock worth $550,334,000 after purchasing an additional 1,834,118 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

COP has been the topic of several recent analyst reports. Melius initiated coverage on ConocoPhillips in a report on Wednesday, August 20th. They set a “hold” rating and a $117.00 target price on the stock. Royal Bank Of Canada reduced their target price on ConocoPhillips from $115.00 to $113.00 and set an “outperform” rating on the stock in a report on Friday, July 11th. Wall Street Zen upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. BMO Capital Markets lifted their target price on ConocoPhillips from $113.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $117.00 target price (up from $113.00) on shares of ConocoPhillips in a report on Thursday, June 26th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $117.23.

ConocoPhillips Stock Performance

COP opened at $87.83 on Friday. The business’s 50-day moving average price is $94.60 and its two-hundred day moving average price is $92.59. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $115.38. The company has a market capitalization of $109.70 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 2.44 and a beta of 0.62. 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 released its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.06. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same quarter last year, the business posted $1.98 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 annualized dividend and a dividend 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.