Knights of Columbus Asset Advisors LLC Purchases 1,933 Shares of ConocoPhillips (NYSE:COP)

Knights of Columbus Asset Advisors LLC raised its stake in ConocoPhillips (NYSE:COP) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,378 shares of the energy producer’s stock after purchasing an additional 1,933 shares during the period. ConocoPhillips accounts for 0.7% of Knights of Columbus Asset Advisors LLC’s holdings, making the stock its 17th biggest holding. Knights of Columbus Asset Advisors LLC’s holdings in ConocoPhillips were worth $8,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in shares of ConocoPhillips by 12.5% during the first quarter. Principal Financial Group Inc. now owns 1,853,989 shares of the energy producer’s stock valued at $98,206,000 after buying an additional 205,533 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in ConocoPhillips by 73.2% in the first quarter. Kestra Advisory Services LLC now owns 94,535 shares of the energy producer’s stock valued at $5,008,000 after acquiring an additional 39,954 shares during the last quarter. Guardian Wealth Advisors LLC purchased a new position in ConocoPhillips in the first quarter valued at about $174,000. Xponance Inc. raised its position in shares of ConocoPhillips by 9.0% in the first quarter. Xponance Inc. now owns 147,624 shares of the energy producer’s stock valued at $7,820,000 after purchasing an additional 12,200 shares during the period. Finally, Rational Advisors LLC raised its position in shares of ConocoPhillips by 46.5% in the first quarter. Rational Advisors LLC now owns 25,577 shares of the energy producer’s stock valued at $1,355,000 after purchasing an additional 8,115 shares during the period. 78.47% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:COP opened at $66.23 on Monday. ConocoPhillips has a 1 year low of $27.53 and a 1 year high of $65.70. The firm has a market capitalization of $88.69 billion, a price-to-earnings ratio of 56.05, a price-to-earnings-growth ratio of 1.56 and a beta of 1.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.11 and a quick ratio of 1.97. The business’s 50 day moving average price is $56.51 and its 200-day moving average price is $56.24.

ConocoPhillips (NYSE:COP) last issued its earnings results on Tuesday, August 3rd. The energy producer reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.17. ConocoPhillips had a return on equity of 5.64% and a net margin of 5.93%. The business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.44 billion. During the same period last year, the company earned ($0.92) EPS. On average, sell-side analysts expect that ConocoPhillips will post 4.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Thursday, October 28th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.78%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, October 27th. ConocoPhillips’s dividend payout ratio (DPR) is presently -177.32%.

COP has been the topic of a number of analyst reports. Barclays upped their target price on shares of ConocoPhillips from $63.00 to $71.00 and gave the stock an “overweight” rating in a report on Thursday, June 3rd. Evercore ISI upped their price objective on shares of ConocoPhillips from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, June 28th. increased their price target on shares of ConocoPhillips from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, July 1st. Mizuho upped their price objective on shares of ConocoPhillips from $82.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, July 15th. Finally, Royal Bank of Canada upped their price objective on shares of ConocoPhillips from $73.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, July 1st. Two investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $72.43.

In other news, Director R A. Walker bought 18,000 shares of the stock in a transaction that occurred on Monday, August 9th. The stock was bought at an average cost of $55.50 per share, for a total transaction of $999,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.08% of the company’s stock.

About ConocoPhillips

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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