YHB Investment Advisors Inc. Raises Stock Holdings in ConocoPhillips (NYSE:COP)

YHB Investment Advisors Inc. boosted its holdings in shares of ConocoPhillips (NYSE:COP) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,795 shares of the energy producer’s stock after acquiring an additional 468 shares during the quarter. YHB Investment Advisors Inc.’s holdings in ConocoPhillips were worth $1,452,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of COP. Stephens Consulting LLC grew its holdings in shares of ConocoPhillips by 69.3% in the second quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock worth $29,000 after purchasing an additional 104 shares during the last quarter. Richardson Capital Management LLC bought a new position in ConocoPhillips in the 1st quarter worth about $31,000. Ruedi Wealth Management Inc. grew its stake in ConocoPhillips by 150.0% in the 1st quarter. Ruedi Wealth Management Inc. now owns 250 shares of the energy producer’s stock worth $32,000 after acquiring an additional 150 shares in the last quarter. Valued Wealth Advisors LLC raised its stake in shares of ConocoPhillips by 45.8% during the first quarter. Valued Wealth Advisors LLC now owns 261 shares of the energy producer’s stock valued at $33,000 after acquiring an additional 82 shares in the last quarter. Finally, Y.D. More Investments Ltd bought a new stake in shares of ConocoPhillips during the second quarter valued at approximately $35,000. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on COP shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $126.00 price objective (down from $139.00) on shares of ConocoPhillips in a report on Friday, October 11th. Wells Fargo & Company restated a “sector perform” rating on shares of ConocoPhillips in a research note on Friday, October 18th. Sanford C. Bernstein decreased their price objective on ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Scotiabank dropped their target price on shares of ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Finally, Susquehanna reduced their price target on shares of ConocoPhillips from $147.00 to $144.00 and set a “positive” rating for the company in a report on Friday, October 18th. Six investment 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.94.

Insider Buying and Selling

In other ConocoPhillips news, Director Timothy A. Leach sold 55,500 shares of the business’s stock in a transaction dated 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 sale, the director now owns 455,909 shares in the company, valued at approximately $49,288,321.99. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by company insiders.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $104.49 on Thursday. ConocoPhillips has a fifty-two week low of $101.29 and a fifty-two week high of $135.18. The company has a market cap of $121.34 billion, a PE ratio of 11.65, a P/E/G ratio of 0.85 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.33. The business has a 50-day simple moving average of $108.74 and a two-hundred day simple moving average of $114.21.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, August 1st. The energy producer reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.02. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The company had revenue of $14.14 billion during the quarter, compared to analysts’ expectations of $14.96 billion. During the same period last year, the business earned $1.84 EPS. ConocoPhillips’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, equities analysts expect that ConocoPhillips will post 7.95 EPS for the current fiscal year.

ConocoPhillips Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, August 12th. ConocoPhillips’s payout ratio is 25.86%.

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.