ConocoPhillips (NYSE:COP) Shares Acquired by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lifted its stake in shares of ConocoPhillips (NYSE:COP) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 611,035 shares of the energy producer’s stock after buying an additional 3,944 shares during the period. ConocoPhillips makes up approximately 1.3% of Bradley Foster & Sargent Inc. CT’s investment portfolio, making the stock its 21st biggest holding. Bradley Foster & Sargent Inc. CT owned 0.05% of ConocoPhillips worth $69,890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in COP. Mutual of America Capital Management LLC raised its holdings in shares of ConocoPhillips by 7.7% during the second quarter. Mutual of America Capital Management LLC now owns 179,914 shares of the energy producer’s stock worth $20,579,000 after purchasing an additional 12,798 shares during the last quarter. Fairway Wealth LLC increased its stake in shares of ConocoPhillips by 95.6% during the second quarter. Fairway Wealth LLC now owns 313 shares of the energy producer’s stock worth $36,000 after purchasing an additional 153 shares in the last quarter. Connors Investor Services Inc. increased its stake in shares of ConocoPhillips by 0.5% during the second quarter. Connors Investor Services Inc. now owns 66,949 shares of the energy producer’s stock worth $7,658,000 after purchasing an additional 301 shares in the last quarter. Plancorp LLC increased its stake in shares of ConocoPhillips by 7.2% during the second quarter. Plancorp LLC now owns 4,339 shares of the energy producer’s stock worth $496,000 after purchasing an additional 291 shares in the last quarter. Finally, Sargent Investment Group LLC increased its stake in shares of ConocoPhillips by 27.9% during the second quarter. Sargent Investment Group LLC now owns 10,548 shares of the energy producer’s stock worth $1,206,000 after purchasing an additional 2,304 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Up 2.6 %

COP stock opened at $108.30 on Wednesday. ConocoPhillips has a one year low of $101.29 and a one year high of $135.18. The stock has a market capitalization of $125.76 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 0.78 and a beta of 1.22. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.33. The company has a fifty day moving average of $109.97 and a 200-day moving average of $116.64.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, August 1st. The energy producer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.96 by $0.02. The company had revenue of $14.14 billion during the quarter, compared to analysts’ expectations of $14.96 billion. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned $1.84 EPS. As a group, analysts expect that ConocoPhillips will post 8.41 EPS for the current year.

ConocoPhillips Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were issued a $0.58 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.14%. ConocoPhillips’s dividend payout ratio is presently 26.27%.

Insider Activity

In other news, Director Timothy A. Leach sold 55,500 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total value of $6,000,105.00. Following the completion of the transaction, the director now owns 455,909 shares in the company, valued at approximately $49,288,321.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

COP has been the topic of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $140.00 price target on shares of ConocoPhillips in a research report on Friday, September 13th. Sanford C. Bernstein reduced their price target on shares of ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Scotiabank cut their target price on shares of ConocoPhillips from $135.00 to $120.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Susquehanna cut their target price on shares of ConocoPhillips from $154.00 to $147.00 and set a “positive” rating on the stock in a research note on Wednesday, September 4th. Finally, Wolfe Research assumed coverage on shares of ConocoPhillips in a research report on Thursday, July 18th. They issued an “outperform” rating and a $145.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.06.

About ConocoPhillips

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.