ConocoPhillips (NYSE:COP) Stock Holdings Lifted by Mitchell Capital Management Co.

Mitchell Capital Management Co. lifted its holdings in ConocoPhillips (NYSE:COP) by 7.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 19,945 shares of the energy producer’s stock after buying an additional 1,410 shares during the quarter. Mitchell Capital Management Co.’s holdings in ConocoPhillips were worth $1,215,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Grandview Asset Management LLC bought a new position in shares of ConocoPhillips in the 1st quarter worth about $37,000. Joseph P. Lucia & Associates LLC acquired a new stake in shares of ConocoPhillips in the 2nd quarter worth about $30,000. Anfield Capital Management LLC acquired a new stake in shares of ConocoPhillips in the 2nd quarter worth about $32,000. Harbour Investments Inc. acquired a new stake in shares of ConocoPhillips in the 1st quarter worth about $30,000. Finally, Independence Bank of Kentucky increased its holdings in shares of ConocoPhillips by 65.2% in the 2nd quarter. Independence Bank of Kentucky now owns 570 shares of the energy producer’s stock worth $35,000 after acquiring an additional 225 shares during the period. Institutional investors own 78.47% of the company’s stock.

In other news, Director Jody Freeman sold 3,334 shares of ConocoPhillips stock in a transaction that occurred on Monday, June 28th. The shares were sold at an average price of $59.65, for a total value of $198,873.10. Following the transaction, the director now owns 8,251 shares of the company’s stock, valued at $492,172.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director R A. Walker purchased 18,000 shares of the company’s stock in a transaction dated Monday, August 9th. The stock was purchased at an average cost of $55.50 per share, for a total transaction of $999,000.00. The disclosure for this purchase can be found here. 0.08% of the stock is currently owned by company insiders.

A number of research firms recently weighed in on COP. BMO Capital Markets increased their price objective on shares of ConocoPhillips from $72.00 to $76.00 and gave the stock an “outperform” rating in a report on Thursday, July 1st. Evercore ISI increased their price objective on shares of ConocoPhillips from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, June 28th. Truist Securities raised their target price on shares of ConocoPhillips from $63.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, July 1st. Credit Suisse Group raised their target price on shares of ConocoPhillips from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, June 23rd. Finally, Royal Bank of Canada raised their target price on shares of ConocoPhillips from $73.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, July 1st. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $70.81.

COP stock opened at $56.94 on Wednesday. The stock has a market cap of $76.25 billion, a P/E ratio of 49.09, a P/E/G ratio of 1.56 and a beta of 1.77. The firm has a 50 day simple moving average of $56.17 and a 200 day simple moving average of $55.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.97 and a current ratio of 2.11. ConocoPhillips has a 52 week low of $27.53 and a 52 week high of $63.57.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Tuesday, August 3rd. The energy producer reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.17. The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.44 billion. ConocoPhillips had a net margin of 5.93% and a return on equity of 5.64%. During the same quarter last year, the firm earned ($0.92) earnings per share. Sell-side analysts predict that ConocoPhillips will post 4.79 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Monday, July 26th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend was Friday, July 23rd. ConocoPhillips’s payout ratio is presently -177.32%.

ConocoPhillips Company Profile

ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; Asia Pacific; and Other International.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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