Kiley Juergens Wealth Management LLC Makes New $1.06 Million Investment in ConocoPhillips $COP

Kiley Juergens Wealth Management LLC acquired a new position in shares of ConocoPhillips (NYSE:COP) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 8,027 shares of the energy producer’s stock, valued at approximately $1,060,000.

Other large investors also recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in ConocoPhillips during the 4th quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp acquired a new position in ConocoPhillips during the 3rd quarter worth approximately $28,000. Board of the Pension Protection Fund purchased a new stake in shares of ConocoPhillips in the 4th quarter valued at approximately $28,000. Strive Asset Management LLC acquired a new stake in shares of ConocoPhillips in the 3rd quarter valued at $28,000. Finally, BNP Paribas purchased a new stake in shares of ConocoPhillips during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on COP shares. Weiss Ratings reissued a “hold (c)” rating on shares of ConocoPhillips in a report on Wednesday, June 3rd. Citigroup upped their price objective on ConocoPhillips from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Sanford C. Bernstein raised their target price on ConocoPhillips from $98.00 to $121.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Mizuho lowered their price target on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Roth Capital upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price target for the company from $124.00 to $130.00 in a research note on Monday, June 22nd. Eighteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.60.

ConocoPhillips Stock Performance

Shares of NYSE COP traded up $2.76 during trading hours on Tuesday, reaching $106.34. The stock had a trading volume of 1,095,356 shares, compared to its average volume of 8,874,642. The firm has a 50-day moving average of $115.76 and a 200-day moving average of $112.25. The firm has a market cap of $129.55 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.20 and a beta of 0.12. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. ConocoPhillips has a fifty-two week low of $85.57 and a fifty-two week high of $135.87.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The company had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.09 earnings per share. Equities research analysts predict that ConocoPhillips will post 9.66 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 3.2%. ConocoPhillips’s dividend payout ratio is currently 57.05%.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.