Hamilton Capital LLC Purchases 958 Shares of ConocoPhillips (NYSE:COP)

Hamilton Capital LLC lifted its position in ConocoPhillips (NYSE:COP) by 10.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,999 shares of the energy producer’s stock after buying an additional 958 shares during the period. Hamilton Capital LLC’s holdings in ConocoPhillips were worth $1,095,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in COP. LVW Advisors LLC increased its holdings in shares of ConocoPhillips by 12.0% in the 2nd quarter. LVW Advisors LLC now owns 2,944 shares of the energy producer’s stock worth $337,000 after buying an additional 316 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in ConocoPhillips by 2.2% in the second quarter. Sequoia Financial Advisors LLC now owns 38,677 shares of the energy producer’s stock worth $4,424,000 after acquiring an additional 831 shares in the last quarter. Cooper Financial Group increased its stake in ConocoPhillips by 90.3% in the second quarter. Cooper Financial Group now owns 4,748 shares of the energy producer’s stock valued at $543,000 after acquiring an additional 2,253 shares during the last quarter. Agate Pass Investment Management LLC raised its position in ConocoPhillips by 2.1% during the second quarter. Agate Pass Investment Management LLC now owns 5,190 shares of the energy producer’s stock valued at $594,000 after purchasing an additional 107 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. boosted its holdings in shares of ConocoPhillips by 52.4% in the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 8,874 shares of the energy producer’s stock worth $1,015,000 after purchasing an additional 3,053 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the subject of a number of recent research reports. Scotiabank dropped their target price on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of ConocoPhillips in a research note on Friday, September 13th. Evercore ISI reissued an “outperform” rating and issued a $165.00 price target on shares of ConocoPhillips in a research note on Friday. Susquehanna raised their price objective on ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised ConocoPhillips from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $120.00 to $123.00 in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $139.06.

ConocoPhillips Stock Down 1.2 %

ConocoPhillips stock opened at $103.22 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12 month low of $101.29 and a 12 month high of $135.18. The firm has a market cap of $118.80 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 0.85 and a beta of 1.18. The stock has a fifty day simple moving average of $108.61 and a two-hundred day simple moving average of $110.18.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.10. The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. ConocoPhillips’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.16 EPS. Equities analysts predict that ConocoPhillips will post 7.76 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s payout ratio is 37.10%.

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.