MQS Management LLC Has $1.27 Million Stock Holdings in ConocoPhillips (NYSE:COP)

MQS Management LLC lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 286.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,102 shares of the energy producer’s stock after purchasing an additional 8,967 shares during the quarter. ConocoPhillips accounts for 0.7% of MQS Management LLC’s holdings, making the stock its 3rd largest position. MQS Management LLC’s holdings in ConocoPhillips were worth $1,274,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Community Bank & Trust Waco Texas increased its holdings in ConocoPhillips by 2.7% in the 3rd quarter. Community Bank & Trust Waco Texas now owns 15,881 shares of the energy producer’s stock valued at $1,672,000 after buying an additional 415 shares during the period. Haverford Trust Co boosted its position in shares of ConocoPhillips by 5.6% during the 3rd quarter. Haverford Trust Co now owns 29,317 shares of the energy producer’s stock worth $3,086,000 after acquiring an additional 1,564 shares in the last quarter. Empower Advisory Group LLC increased its stake in ConocoPhillips by 20.2% in the third quarter. Empower Advisory Group LLC now owns 551,932 shares of the energy producer’s stock valued at $58,107,000 after acquiring an additional 92,847 shares during the last quarter. RPG Investment Advisory LLC raised its position in ConocoPhillips by 0.9% during the third quarter. RPG Investment Advisory LLC now owns 86,639 shares of the energy producer’s stock valued at $9,121,000 after purchasing an additional 770 shares in the last quarter. Finally, Aptus Capital Advisors LLC lifted its stake in ConocoPhillips by 4.1% during the third quarter. Aptus Capital Advisors LLC now owns 18,222 shares of the energy producer’s stock worth $1,918,000 after purchasing an additional 711 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Scotiabank dropped 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. UBS Group dropped their target price on shares of ConocoPhillips from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $140.00 price target on shares of ConocoPhillips in a report on Friday, September 13th. Wolfe Research assumed coverage on shares of ConocoPhillips in a research note on Thursday, July 18th. They issued an “outperform” rating and a $145.00 price objective for the company. Finally, StockNews.com cut shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus target price of $137.47.

ConocoPhillips Price Performance

Shares of COP opened at $110.64 on Wednesday. The business has a 50-day moving average of $107.71 and a 200-day moving average of $111.90. ConocoPhillips has a 1 year low of $101.29 and a 1 year high of $135.18. The company has a market capitalization of $127.34 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 0.91 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.97 billion. During the same period in the prior year, the firm posted $2.16 EPS. The company’s quarterly revenue was down 8.5% on a year-over-year basis. As a group, equities research analysts anticipate that ConocoPhillips will post 7.8 earnings per share for the current year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be issued a dividend of $0.78 per share. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Friday, November 8th. ConocoPhillips’s dividend payout ratio (DPR) is presently 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.