Bill Few Associates Inc. Has $418,000 Position in ConocoPhillips $COP

Bill Few Associates Inc. increased its stake in shares of ConocoPhillips (NYSE:COP) by 45.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,653 shares of the energy producer’s stock after purchasing an additional 1,462 shares during the quarter. Bill Few Associates Inc.’s holdings in ConocoPhillips were worth $418,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Financial Network Wealth Advisors LLC boosted its holdings in shares of ConocoPhillips by 341.5% during the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock worth $30,000 after purchasing an additional 222 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of ConocoPhillips during the first quarter worth approximately $31,000. Garde Capital Inc. acquired a new stake in shares of ConocoPhillips during the first quarter worth approximately $35,000. IMA Advisory Services Inc. acquired a new stake in shares of ConocoPhillips during the first quarter worth approximately $37,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of ConocoPhillips by 418.6% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer’s stock worth $38,000 after purchasing an additional 293 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Royal Bank Of Canada reduced their target price on shares of ConocoPhillips from $115.00 to $113.00 and set an “outperform” rating for the company in a research note on Friday, July 11th. Melius Research assumed coverage on shares of ConocoPhillips in a research note on Wednesday, August 20th. They issued a “hold” rating and a $117.00 target price for the company. Evercore ISI reduced their target price on shares of ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating for the company in a research note on Monday, October 6th. Barclays reduced their target price on shares of ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Finally, Susquehanna reduced their target price on shares of ConocoPhillips from $114.00 to $113.00 and set a “positive” rating for the company in a research note on Wednesday, July 23rd. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.52.

ConocoPhillips Trading Down 4.5%

NYSE:COP opened at $87.83 on Monday. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $115.38. The firm has a market cap of $109.70 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 2.33 and a beta of 0.62. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $94.60 and its 200-day moving average is $92.44.

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

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.6%. ConocoPhillips’s dividend payout ratio (DPR) is currently 41.88%.

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.