Sageworth Trust Co of South Dakota Decreases Stock Holdings in ConocoPhillips $COP

Sageworth Trust Co of South Dakota reduced its position in shares of ConocoPhillips (NYSE:COP) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,763 shares of the energy producer’s stock after selling 329 shares during the period. ConocoPhillips comprises approximately 0.9% of Sageworth Trust Co of South Dakota’s portfolio, making the stock its 26th largest position. Sageworth Trust Co of South Dakota’s holdings in ConocoPhillips were worth $786,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. NBC Securities Inc. raised its stake in ConocoPhillips by 114,680.0% during the 1st quarter. NBC Securities Inc. now owns 5,739 shares of the energy producer’s stock worth $602,000 after acquiring an additional 5,734 shares in the last quarter. Merit Financial Group LLC raised its stake in ConocoPhillips by 89.4% during the 1st quarter. Merit Financial Group LLC now owns 53,174 shares of the energy producer’s stock worth $5,584,000 after acquiring an additional 25,097 shares in the last quarter. RFG Advisory LLC increased its stake in ConocoPhillips by 71.0% in the first quarter. RFG Advisory LLC now owns 12,400 shares of the energy producer’s stock valued at $1,302,000 after purchasing an additional 5,149 shares during the period. Smith Anglin Financial LLC increased its stake in ConocoPhillips by 5.3% in the first quarter. Smith Anglin Financial LLC now owns 3,255 shares of the energy producer’s stock valued at $342,000 after purchasing an additional 164 shares during the period. Finally, Romano Brothers AND Company increased its stake in ConocoPhillips by 7.7% in the first quarter. Romano Brothers AND Company now owns 9,747 shares of the energy producer’s stock valued at $1,024,000 after purchasing an additional 700 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Stock Up 0.8%

Shares of NYSE COP opened at $95.39 on Thursday. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $116.08. The company has a market capitalization of $119.13 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 2.49 and a beta of 0.62. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. The firm’s 50-day moving average is $94.98 and its two-hundred day moving average is $93.00.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.06. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The company’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.98 earnings per share. Equities analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.3%. ConocoPhillips’s dividend payout ratio (DPR) is currently 41.88%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on COP shares. Wells Fargo & Company reiterated an “overweight” rating and set a $117.00 price target (up from $113.00) on shares of ConocoPhillips in a research note on Thursday, June 26th. Mizuho decreased their price objective on shares of ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Susquehanna decreased their price objective on shares of ConocoPhillips from $114.00 to $113.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. Royal Bank Of Canada decreased their price objective on shares of ConocoPhillips from $115.00 to $113.00 and set an “outperform” rating on the stock in a report on Friday, July 11th. Finally, Piper Sandler boosted their price objective on shares of ConocoPhillips from $123.00 to $124.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Sixteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.14.

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.