FLC Capital Advisors bought a new position in ConocoPhillips (NYSE:COP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,500 shares of the energy producer’s stock, valued at approximately $210,000.

Several other institutional investors have also recently added to or reduced their stakes in COP. Manchester Financial Inc. acquired a new stake in shares of ConocoPhillips during the second quarter worth approximately $34,000. Destination Wealth Management boosted its holdings in shares of ConocoPhillips by 592.6% during the first quarter. Destination Wealth Management now owns 561 shares of the energy producer’s stock worth $37,000 after purchasing an additional 480 shares during the period. Glassman Wealth Services boosted its holdings in shares of ConocoPhillips by 779.2% during the first quarter. Glassman Wealth Services now owns 633 shares of the energy producer’s stock worth $42,000 after purchasing an additional 561 shares during the period. Ellis Investment Partners LLC acquired a new stake in shares of ConocoPhillips during the first quarter worth approximately $43,000. Finally, Lipe & Dalton acquired a new stake in shares of ConocoPhillips during the second quarter worth approximately $53,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

NYSE COP traded up $1.68 during trading on Monday, reaching $53.15. The company’s stock had a trading volume of 262,690 shares, compared to its average volume of 6,316,891. The company has a current ratio of 1.76, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $56.52 billion, a PE ratio of 11.72, a PEG ratio of 1.33 and a beta of 0.99. The business has a 50-day moving average price of $58.35 and a 200-day moving average price of $63.02. ConocoPhillips has a 1-year low of $50.59 and a 1-year high of $80.24.

ConocoPhillips (NYSE:COP) last posted its earnings results on Tuesday, July 30th. The energy producer reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.02). The business had revenue of $8.38 billion during the quarter, compared to analyst estimates of $9.42 billion. ConocoPhillips had a net margin of 18.33% and a return on equity of 15.96%. ConocoPhillips’s revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.09 earnings per share. As a group, analysts expect that ConocoPhillips will post 4.04 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, July 22nd will be paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, July 19th. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.93%.

Several analysts recently commented on COP shares. Bank of America upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Wednesday, July 17th. Barclays started coverage on shares of ConocoPhillips in a report on Monday. They set an “overweight” rating and a $79.00 price target for the company. Morgan Stanley decreased their price target on shares of ConocoPhillips from $84.00 to $81.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Credit Suisse Group cut shares of ConocoPhillips from an “outperform” rating to a “neutral” rating and set a $64.00 price target for the company. in a report on Wednesday, May 1st. Finally, Zacks Investment Research upgraded shares of ConocoPhillips from a “strong sell” rating to a “hold” rating and set a $52.00 price target for the company in a report on Thursday, July 11th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $76.85.

ConocoPhillips Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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