ConocoPhillips (NYSE:COP) Stock Holdings Lessened by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC cut its stake in shares of ConocoPhillips (NYSE:COP) by 6.0% during the third quarter, HoldingsChannel.com reports. The firm owned 73,105 shares of the energy producer’s stock after selling 4,634 shares during the period. OneDigital Investment Advisors LLC’s holdings in ConocoPhillips were worth $7,696,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Values First Advisors Inc. acquired a new position in shares of ConocoPhillips in the third quarter worth $26,000. Stephens Consulting LLC increased its position in ConocoPhillips by 69.3% in the 2nd quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock worth $29,000 after purchasing an additional 104 shares during the last quarter. Reston Wealth Management LLC acquired a new position in ConocoPhillips in the 3rd quarter worth about $31,000. Y.D. More Investments Ltd purchased a new stake in shares of ConocoPhillips during the 2nd quarter worth about $35,000. Finally, Fairway Wealth LLC lifted its holdings in shares of ConocoPhillips by 95.6% during the 2nd quarter. Fairway Wealth LLC now owns 313 shares of the energy producer’s stock valued at $36,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COP. Mizuho raised their price objective on shares of ConocoPhillips from $129.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. UBS Group cut their price target on shares of ConocoPhillips from $153.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Truist Financial decreased their price objective on shares of ConocoPhillips from $145.00 to $138.00 and set a “buy” rating for the company in a report on Monday, September 30th. Wolfe Research initiated coverage on shares of ConocoPhillips in a research report on Thursday, July 18th. They set an “outperform” rating and a $145.00 target price on the stock. Finally, Scotiabank reduced their price target 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. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.63.

ConocoPhillips Stock Up 1.0 %

COP opened at $112.92 on Friday. ConocoPhillips has a 1-year low of $101.29 and a 1-year high of $135.18. The business has a 50 day moving average of $107.77 and a 200-day moving average of $111.90. The stock has a market capitalization of $129.96 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 0.91 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.

ConocoPhillips (NYSE:COP) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The business’s revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.16 EPS. As a group, sell-side analysts anticipate that ConocoPhillips will post 7.8 earnings per share for the current year.

ConocoPhillips Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.76%. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, November 8th. ConocoPhillips’s payout ratio is currently 37.10%.

ConocoPhillips 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.