HF Advisory Group LLC Has $1.53 Million Holdings in ConocoPhillips (NYSE:COP)

HF Advisory Group LLC grew its holdings in ConocoPhillips (NYSE:COP) by 44.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,504 shares of the energy producer’s stock after buying an additional 4,452 shares during the period. HF Advisory Group LLC’s holdings in ConocoPhillips were worth $1,527,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crestwood Advisors Group LLC boosted its holdings in shares of ConocoPhillips by 1.7% during the 3rd quarter. Crestwood Advisors Group LLC now owns 6,420 shares of the energy producer’s stock worth $676,000 after buying an additional 105 shares during the period. Heritage Investors Management Corp boosted its holdings in shares of ConocoPhillips by 2.9% during the third quarter. Heritage Investors Management Corp now owns 198,580 shares of the energy producer’s stock worth $20,907,000 after acquiring an additional 5,580 shares during the period. Pittenger & Anderson Inc. boosted its holdings in shares of ConocoPhillips by 17.5% during the third quarter. Pittenger & Anderson Inc. now owns 2,305 shares of the energy producer’s stock worth $243,000 after acquiring an additional 344 shares during the period. Clarity Financial LLC increased its stake in shares of ConocoPhillips by 34.1% during the third quarter. Clarity Financial LLC now owns 3,299 shares of the energy producer’s stock worth $347,000 after purchasing an additional 839 shares during the period. Finally, United Advisor Group LLC lifted its holdings in ConocoPhillips by 33.4% during the 3rd quarter. United Advisor Group LLC now owns 2,454 shares of the energy producer’s stock worth $258,000 after purchasing an additional 614 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Trading Up 0.3 %

COP opened at $109.22 on Wednesday. The company has a market cap of $125.70 billion, a P/E ratio of 12.99, a PEG ratio of 0.88 and a beta of 1.21. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $107.78 and its 200-day moving average is $112.52. ConocoPhillips has a 1-year low of $101.29 and a 1-year high of $135.18.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. The firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the business posted $2.16 earnings per share. Equities research analysts predict that ConocoPhillips will post 7.78 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be given a $0.78 dividend. The ex-dividend date is Friday, November 8th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a yield of 2.86%. ConocoPhillips’s dividend payout ratio (DPR) is currently 27.59%.

Insider Activity

In other news, Director Timothy A. Leach sold 55,500 shares of the company’s 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 completion of the transaction, the director now owns 455,909 shares of the company’s stock, valued at $49,288,321.99. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

COP has been the topic of a number of research reports. Wolfe Research began coverage on ConocoPhillips in a report on Thursday, July 18th. They issued an “outperform” rating and a $145.00 price objective on the stock. StockNews.com lowered shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $140.00 price objective on shares of ConocoPhillips in a research note on Friday, September 13th. Scotiabank decreased their target price on shares of ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Finally, Susquehanna lifted their price target on shares of ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and an average target price of $137.47.

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.