Souders Financial Advisors Has $329,000 Stock Holdings in ConocoPhillips $COP

Souders Financial Advisors increased its position in ConocoPhillips (NYSE:COP) by 24.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,667 shares of the energy producer’s stock after purchasing an additional 724 shares during the quarter. Souders Financial Advisors’ holdings in ConocoPhillips were worth $329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bogart Wealth LLC boosted its stake in shares of ConocoPhillips by 136.8% during the 2nd quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock worth $28,000 after acquiring an additional 182 shares during the period. Activest Wealth Management raised its position in shares of ConocoPhillips by 249.5% in the second quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock valued at $29,000 after purchasing an additional 232 shares during the period. Financial Network Wealth Advisors LLC lifted its stake in shares of ConocoPhillips by 341.5% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock worth $30,000 after buying an additional 222 shares during the last quarter. Stone House Investment Management LLC bought a new stake in shares of ConocoPhillips during the 1st quarter worth about $31,000. Finally, IMA Advisory Services Inc. acquired a new position in ConocoPhillips in the 1st quarter valued at about $37,000. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Capital One Financial boosted their price objective on ConocoPhillips from $111.00 to $112.00 in a report on Friday, October 3rd. Melius Research initiated coverage on shares of ConocoPhillips in a research report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 target price for the company. Wolfe Research reissued an “outperform” rating and issued a $131.00 price objective on shares of ConocoPhillips in a report on Thursday. Weiss Ratings cut shares of ConocoPhillips from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. Finally, Royal Bank Of Canada boosted their price target on ConocoPhillips from $113.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Eighteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus price target of $114.67.

ConocoPhillips Trading Down 2.4%

Shares of COP opened at $85.62 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $115.38. The firm has a market cap of $106.93 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 2.36 and a beta of 0.58. The business’s fifty day moving average is $91.82 and its 200-day moving average is $91.99.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.20. The firm had revenue of $14.51 billion for the quarter, compared to analysts’ expectations of $14.51 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 earnings per share. Equities analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. ConocoPhillips’s payout ratio is currently 41.88%.

About ConocoPhillips

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.