Lifestyle Asset Management Inc. Acquires 445 Shares of ConocoPhillips (NYSE:COP)

Lifestyle Asset Management Inc. raised its holdings in shares of ConocoPhillips (NYSE:COP) by 5.8% during the third quarter, HoldingsChannel reports. The firm owned 8,155 shares of the energy producer’s stock after purchasing an additional 445 shares during the period. Lifestyle Asset Management Inc.’s holdings in ConocoPhillips were worth $859,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Manchester Capital Management LLC boosted its position in ConocoPhillips by 22.1% during the 1st quarter. Manchester Capital Management LLC now owns 475 shares of the energy producer’s stock valued at $60,000 after acquiring an additional 86 shares in the last quarter. Capital Wealth Planning LLC boosted its position in ConocoPhillips by 4.8% during the first quarter. Capital Wealth Planning LLC now owns 1,466,900 shares of the energy producer’s stock valued at $186,707,000 after purchasing an additional 67,848 shares in the last quarter. NTV Asset Management LLC grew its stake in ConocoPhillips by 5.6% in the first quarter. NTV Asset Management LLC now owns 5,765 shares of the energy producer’s stock valued at $734,000 after purchasing an additional 304 shares during the last quarter. Tectonic Advisors LLC raised its holdings in ConocoPhillips by 2.4% in the first quarter. Tectonic Advisors LLC now owns 5,390 shares of the energy producer’s stock worth $686,000 after purchasing an additional 125 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. lifted its position in shares of ConocoPhillips by 166.4% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 357 shares of the energy producer’s stock valued at $45,000 after buying an additional 223 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Analysts Set New Price Targets

COP has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of ConocoPhillips from $135.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Susquehanna upped their price target on ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Scotiabank lowered their price objective 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. BMO Capital Markets boosted their target price on ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, October 4th. Finally, StockNews.com downgraded ConocoPhillips from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.47.

ConocoPhillips Stock Down 1.1 %

ConocoPhillips stock opened at $112.40 on Friday. ConocoPhillips has a fifty-two week low of $101.29 and a fifty-two week high of $135.18. The firm has a market capitalization of $129.36 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.21. The stock’s fifty day moving average is $107.81 and its two-hundred day moving average is $112.53. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. The firm had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.97 billion. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. ConocoPhillips’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.16 EPS. Analysts predict that ConocoPhillips will post 7.79 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be given a $0.78 dividend. The ex-dividend date is Friday, November 8th. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a dividend yield of 2.78%. ConocoPhillips’s dividend payout ratio (DPR) is currently 37.10%.

Insider Activity at ConocoPhillips

In other news, Director Timothy A. Leach sold 55,500 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total transaction of $6,000,105.00. Following the completion of the sale, the director now directly owns 455,909 shares in the company, valued at $49,288,321.99. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.34% of the stock is owned by insiders.

ConocoPhillips Company 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.