ConocoPhillips (NYSE:COP) Shares Acquired by Profund Advisors LLC

Profund Advisors LLC increased its position in ConocoPhillips (NYSE:COP) by 2.1% in the second quarter, Holdings Channel reports. The firm owned 45,939 shares of the energy producer’s stock after purchasing an additional 932 shares during the quarter. Profund Advisors LLC’s holdings in ConocoPhillips were worth $2,802,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Valley National Advisers Inc. grew its stake in ConocoPhillips by 64.9% in the second quarter. Valley National Advisers Inc. now owns 503 shares of the energy producer’s stock worth $31,000 after purchasing an additional 198 shares in the last quarter. Towerpoint Wealth LLC acquired a new position in ConocoPhillips in the second quarter worth about $32,000. Manchester Financial Inc. acquired a new position in ConocoPhillips in the second quarter worth about $34,000. AllSquare Wealth Management LLC grew its stake in ConocoPhillips by 1,018.0% in the second quarter. AllSquare Wealth Management LLC now owns 559 shares of the energy producer’s stock worth $34,000 after purchasing an additional 509 shares in the last quarter. Finally, Glassman Wealth Services boosted its stake in ConocoPhillips by 779.2% in the first quarter. Glassman Wealth Services now owns 633 shares of the energy producer’s stock valued at $42,000 after acquiring an additional 561 shares during the period. Institutional investors and hedge funds own 71.56% of the company’s stock.

Shares of NYSE COP traded up $1.18 during midday trading on Friday, hitting $57.53. 289,672 shares of the company’s stock were exchanged, compared to its average volume of 5,719,988. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 1.64. The stock’s 50 day moving average price is $54.20 and its 200-day moving average price is $61.02. The firm has a market cap of $62.52 billion, a P/E ratio of 12.70, a PEG ratio of 1.52 and a beta of 1.04. ConocoPhillips has a twelve month low of $50.13 and a twelve month high of $80.24.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Tuesday, July 30th. The energy producer reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.02). The business had revenue of $8.38 billion for the quarter, compared to analyst estimates of $9.42 billion. ConocoPhillips had a return on equity of 15.96% and a net margin of 18.33%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. On average, analysts expect that ConocoPhillips will post 3.91 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, July 22nd were given a dividend of $0.305 per share. The ex-dividend date of this dividend was Friday, July 19th. This represents a $1.22 annualized dividend and a dividend yield of 2.12%. ConocoPhillips’s dividend payout ratio is presently 26.93%.

A number of equities analysts have commented on COP shares. Bank of America upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, July 17th. JPMorgan Chase & Co. decreased their target price on ConocoPhillips from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Zacks Investment Research upgraded ConocoPhillips from a “strong sell” rating to a “hold” rating and set a $52.00 target price for the company in a research note on Thursday, July 11th. Morgan Stanley decreased their target price on ConocoPhillips from $84.00 to $81.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Finally, ValuEngine upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Thursday, June 27th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $76.85.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

Further Reading: What is the G-20?

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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