Janney Montgomery Scott LLC lifted its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,777 shares of the energy producer's stock after acquiring an additional 5,783 shares during the quarter. Janney Montgomery Scott LLC's holdings in ConocoPhillips were worth $31,350,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Values First Advisors Inc. purchased a new stake in ConocoPhillips in the 3rd quarter valued at approximately $26,000. Stephens Consulting LLC lifted its stake in ConocoPhillips by 69.3% in the 2nd quarter. Stephens Consulting LLC now owns 254 shares of the energy producer's stock valued at $29,000 after buying an additional 104 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in ConocoPhillips in the 3rd quarter valued at approximately $31,000. Ruedi Wealth Management Inc. lifted its stake in ConocoPhillips by 150.0% in the 1st quarter. Ruedi Wealth Management Inc. now owns 250 shares of the energy producer's stock valued at $32,000 after buying an additional 150 shares in the last quarter. Finally, Y.D. More Investments Ltd purchased a new stake in ConocoPhillips in the 2nd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 82.36% of the company's stock.
COP stock opened at $108.86 on Tuesday. The company has a market cap of $126.41 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 0.90 and a beta of 1.21. The company has a quick ratio of 1.19, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $107.84 and a 200-day simple moving average of $112.66. ConocoPhillips has a 52 week low of $101.29 and a 52 week high of $135.18.
ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.10. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.97 billion. During the same period in the prior year, the firm earned $2.16 EPS. The firm's quarterly revenue was down 8.5% compared to the same quarter last year. On average, equities research analysts expect that ConocoPhillips will post 7.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be issued a $0.78 dividend. This is an increase from ConocoPhillips's previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Friday, November 8th. ConocoPhillips's dividend payout ratio is currently 37.10%.
COP has been the topic of a number of recent research reports. Truist Financial reduced their target price on ConocoPhillips from $145.00 to $138.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. StockNews.com lowered ConocoPhillips from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. Susquehanna boosted their price target on ConocoPhillips from $144.00 to $148.00 and gave the company a "positive" rating in a report on Friday. Barclays boosted their price target on ConocoPhillips from $135.00 to $137.00 and gave the company an "overweight" rating in a report on Friday. Finally, Scotiabank cut their price target on ConocoPhillips from $120.00 to $115.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $137.47.
Read Our Latest Report on COP
In related news, Director Timothy A. Leach sold 55,500 shares of the stock in a transaction 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 sale, the director now directly owns 455,909 shares in the company, valued at approximately $49,288,321.99. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is owned by insiders.
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.
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