Financial Partners Group Inc Sells 127 Shares of ConocoPhillips (NYSE:COP)

Financial Partners Group Inc trimmed its stake in shares of ConocoPhillips (NYSE:COP) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,275 shares of the energy producer’s stock after selling 127 shares during the quarter. Financial Partners Group Inc’s holdings in ConocoPhillips were worth $375,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in COP. Valued Wealth Advisors LLC lifted its holdings in shares of ConocoPhillips by 45.8% in the first quarter. Valued Wealth Advisors LLC now owns 261 shares of the energy producer’s stock worth $33,000 after buying an additional 82 shares in the last quarter. Astoria Portfolio Advisors LLC. lifted its stake in ConocoPhillips by 4.0% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 2,232 shares of the energy producer’s stock worth $291,000 after purchasing an additional 85 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in ConocoPhillips by 22.1% in the 1st quarter. Manchester Capital Management LLC now owns 475 shares of the energy producer’s stock valued at $60,000 after purchasing an additional 86 shares during the period. Adirondack Trust Co. grew its position in shares of ConocoPhillips by 3.1% during the 4th quarter. Adirondack Trust Co. now owns 2,990 shares of the energy producer’s stock valued at $336,000 after purchasing an additional 90 shares in the last quarter. Finally, Mayfair Advisory Group LLC increased its holdings in shares of ConocoPhillips by 3.5% in the first quarter. Mayfair Advisory Group LLC now owns 2,627 shares of the energy producer’s stock worth $334,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling at ConocoPhillips

In other news, Director Timothy A. Leach sold 55,500 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total value of $6,000,105.00. Following the sale, the director now directly owns 455,909 shares in the company, valued at approximately $49,288,321.99. The sale was disclosed in a filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by corporate insiders.

ConocoPhillips Trading Down 0.0 %

Shares of ConocoPhillips stock traded down $0.05 on Friday, hitting $111.18. The stock had a trading volume of 3,819,194 shares, compared to its average volume of 6,649,837. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.34. ConocoPhillips has a one year low of $102.27 and a one year high of $135.18. The stock’s 50-day simple moving average is $111.56 and its two-hundred day simple moving average is $117.04. The stock has a market cap of $129.11 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 2.18 and a beta of 1.24.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, August 1st. The energy producer reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.02. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The business had revenue of $14.14 billion during the quarter, compared to analysts’ expectations of $14.96 billion. During the same quarter in the prior year, the company posted $1.84 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, sell-side analysts predict that ConocoPhillips will post 8.64 EPS for the current year.

ConocoPhillips Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $2.32 dividend on an annualized basis and a yield of 2.09%. ConocoPhillips’s dividend payout ratio is presently 26.27%.

Analysts Set New Price Targets

Several equities analysts recently commented on COP shares. Bank of America restated a “buy” rating and set a $147.00 target price on shares of ConocoPhillips in a research report on Friday, June 14th. Argus raised shares of ConocoPhillips to a “strong-buy” rating in a research note on Friday, June 7th. Royal Bank of Canada increased their price target on shares of ConocoPhillips from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. StockNews.com downgraded shares of ConocoPhillips from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Wolfe Research initiated coverage on ConocoPhillips in a research note on Thursday, July 18th. They issued an “outperform” rating and a $145.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus price target of $143.53.

ConocoPhillips Company 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.