Inventive Monetary Designs Inc. ADV minimize its stake in shares of ConocoPhillips (NYSE:COP – Free Report) by 4.8% within the third quarter, Holdings Channel.com reviews. The institutional investor owned 2,798 shares of the power producer’s inventory after promoting 140 shares in the course of the quarter. Inventive Monetary Designs Inc. ADV’s holdings in ConocoPhillips had been value $295,000 as of its most up-to-date submitting with the Securities and Change Fee.
A number of different hedge funds and different institutional traders have additionally lately modified their holdings of COP. Ruedi Wealth Administration Inc. lifted its holdings in ConocoPhillips by 150.0% within the first quarter. Ruedi Wealth Administration Inc. now owns 250 shares of the power producer’s inventory valued at $32,000 after buying a further 150 shares in the course of the interval. Values First Advisors Inc. purchased a brand new place in shares of ConocoPhillips within the third quarter value roughly $26,000. Stephens Consulting LLC boosted its holdings in shares of ConocoPhillips by 69.3% within the second quarter. Stephens Consulting LLC now owns 254 shares of the power producer’s inventory value $29,000 after shopping for a further 104 shares over the past quarter. Reston Wealth Administration LLC purchased a brand new stake in ConocoPhillips in the course of the third quarter valued at roughly $31,000. Lastly, Y.D. Extra Investments Ltd bought a brand new stake in ConocoPhillips in the course of the second quarter valued at roughly $35,000. 82.36% of the inventory is owned by institutional traders.
Analysts Set New Value Targets
COP has been the topic of various current analysis reviews. BMO Capital Markets boosted their worth goal on shares of ConocoPhillips from $123.00 to $125.00 and gave the corporate an “outperform” ranking in a analysis report on Friday, October 4th. UBS Group lowered their worth goal on ConocoPhillips from $153.00 to $140.00 and set a “purchase” ranking for the corporate in a analysis report on Wednesday, September 18th. StockNews.com downgraded ConocoPhillips from a “purchase” ranking to a “maintain” ranking in a analysis observe on Wednesday, July seventeenth. Mizuho boosted their worth goal on ConocoPhillips from $129.00 to $132.00 and gave the corporate a “impartial” ranking in a analysis observe on Friday. Lastly, Wolfe Analysis started protection on shares of ConocoPhillips in a analysis observe on Thursday, July 18th. They set an “outperform” ranking and a $145.00 goal worth on the inventory. Six analysts have rated the inventory with a maintain ranking, eleven have assigned a purchase ranking and two have issued a robust purchase ranking to the corporate. Primarily based on information from MarketBeat, the inventory presently has a consensus ranking of “Reasonable Purchase” and a median worth goal of $137.47.
Learn Our Newest Report on ConocoPhillips
Insider Exercise at ConocoPhillips
In different ConocoPhillips information, Director Timothy A. Leach bought 55,500 shares of the inventory in a transaction on Tuesday, August thirteenth. The shares had been bought at a median worth of $108.11, for a complete transaction of $6,000,105.00. Following the completion of the transaction, the director now owns 455,909 shares within the firm, valued at $49,288,321.99. This commerce represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is on the market via this hyperlink. 0.34% of the inventory is presently owned by insiders.
ConocoPhillips Inventory Efficiency
Shares of NYSE COP opened at $107.84 on Monday. The agency’s fifty day transferring common is $107.94 and its two-hundred day transferring common is $112.80. ConocoPhillips has a 52-week low of $101.29 and a 52-week excessive of $135.18. The corporate has a market cap of $125.23 billion, a P/E ratio of 12.82, a P/E/G ratio of 0.90 and a beta of 1.21. The corporate has a debt-to-equity ratio of 0.34, a fast ratio of 1.19 and a present ratio of 1.30.
ConocoPhillips (NYSE:COP – Get Free Report) final issued its earnings outcomes on Thursday, October thirty first. The power producer reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.10. ConocoPhillips had a return on fairness of 19.53% and a internet margin of 17.29%. The agency had income of $13.60 billion for the quarter, in comparison with analysts’ expectations of $13.97 billion. Throughout the identical interval within the earlier yr, the agency posted $2.16 earnings per share. The enterprise’s income was down 8.5% in comparison with the identical quarter final yr. As a bunch, analysts anticipate that ConocoPhillips will submit 7.76 EPS for the present fiscal yr.
ConocoPhillips Will increase Dividend
The corporate additionally lately introduced a quarterly dividend, which can be paid on Monday, December 2nd. Stockholders of file on Monday, November eleventh can be given a dividend of $0.78 per share. This is a rise from ConocoPhillips’s earlier quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized foundation and a dividend yield of two.89%. The ex-dividend date is Friday, November eighth. ConocoPhillips’s dividend payout ratio is presently 37.10%.
About ConocoPhillips
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, pure gasoline, liquefied pure gasoline (LNG), and pure gasoline liquids in america, Canada, China, Libya, Malaysia, Norway, the UK, and internationally. The corporate’s portfolio contains unconventional performs in North America; typical property in North America, Europe, Asia, and Australia; world LNG developments; oil sands property in Canada; and a list of world exploration prospects.
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