Beaton Management Co. Inc. Boosts Stock Position in ConocoPhillips (NYSE:COP)

Beaton Management Co. Inc. lifted its position in ConocoPhillips (NYSE:COPGet Rating) by 3.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,051 shares of the energy producer’s stock after purchasing an additional 274 shares during the quarter. Beaton Management Co. Inc.’s holdings in ConocoPhillips were worth $905,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Arkadios Wealth Advisors boosted its holdings in ConocoPhillips by 46.5% during the 1st quarter. Arkadios Wealth Advisors now owns 5,224 shares of the energy producer’s stock valued at $522,000 after acquiring an additional 1,657 shares during the period. Great Valley Advisor Group Inc. raised its position in ConocoPhillips by 76.7% during the 1st quarter. Great Valley Advisor Group Inc. now owns 27,710 shares of the energy producer’s stock valued at $2,328,000 after purchasing an additional 12,028 shares during the last quarter. Cetera Advisors LLC raised its position in ConocoPhillips by 63.9% during the 1st quarter. Cetera Advisors LLC now owns 42,067 shares of the energy producer’s stock valued at $4,207,000 after purchasing an additional 16,396 shares during the last quarter. AE Wealth Management LLC raised its position in ConocoPhillips by 6.8% during the 1st quarter. AE Wealth Management LLC now owns 60,699 shares of the energy producer’s stock valued at $6,070,000 after purchasing an additional 3,856 shares during the last quarter. Finally, Foster & Motley Inc. raised its position in ConocoPhillips by 21.0% during the 1st quarter. Foster & Motley Inc. now owns 9,089 shares of the energy producer’s stock valued at $909,000 after purchasing an additional 1,575 shares during the last quarter. 79.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com lowered ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Tuesday, August 16th. The Goldman Sachs Group decreased their target price on ConocoPhillips from $140.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, June 22nd. Mizuho decreased their target price on ConocoPhillips from $148.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, August 18th. Societe Generale raised their price objective on ConocoPhillips to $127.00 in a research report on Thursday, June 9th. Finally, Piper Sandler reduced their price objective on ConocoPhillips from $148.00 to $123.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $120.89.

ConocoPhillips Stock Performance

COP stock opened at $108.32 on Friday. The company has a market cap of $140.11 billion, a P/E ratio of 8.94, a price-to-earnings-growth ratio of 0.34 and a beta of 1.31. ConocoPhillips has a 1 year low of $54.83 and a 1 year high of $124.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.54 and a quick ratio of 1.44. The stock’s fifty day moving average price is $96.93 and its 200-day moving average price is $99.94.

ConocoPhillips (NYSE:COPGet Rating) last released its earnings results on Thursday, August 4th. The energy producer reported $3.91 earnings per share for the quarter, missing the consensus estimate of $3.95 by ($0.04). ConocoPhillips had a net margin of 23.10% and a return on equity of 31.24%. During the same period in the previous year, the company earned $1.27 EPS. On average, equities analysts forecast that ConocoPhillips will post 15.13 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently announced a None dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 29th will be given a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, September 29th. ConocoPhillips’s dividend payout ratio (DPR) is presently 15.19%.

ConocoPhillips Company Profile

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ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's 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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