Jeppson Wealth Management LLC Sells 135 Shares of ConocoPhillips (NYSE:COP)

Jeppson Wealth Management LLC lowered its holdings in shares of ConocoPhillips (NYSE:COP) by 0.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 15,536 shares of the energy producer’s stock after selling 135 shares during the quarter. ConocoPhillips makes up approximately 0.8% of Jeppson Wealth Management LLC’s investment portfolio, making the stock its 27th largest position. Jeppson Wealth Management LLC’s holdings in ConocoPhillips were worth $1,977,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in COP. Orion Capital Management LLC bought a new stake in ConocoPhillips during the 3rd quarter worth approximately $27,000. West Branch Capital LLC increased its stake in ConocoPhillips by 87.8% in the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after buying an additional 108 shares in the last quarter. Sachetta LLC bought a new stake in ConocoPhillips during the fourth quarter valued at about $27,000. Cooksen Wealth LLC purchased a new position in shares of ConocoPhillips in the fourth quarter valued at about $27,000. Finally, Cape Investment Advisory Inc. raised its stake in ConocoPhillips by 96.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock valued at $29,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on shares of ConocoPhillips from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Piper Sandler raised their price objective on ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Morgan Stanley boosted their target price on ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Mizuho decreased their price objective on ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. Finally, Raymond James reissued a “strong-buy” rating and issued a $159.00 target price (up from $155.00) on shares of ConocoPhillips in a report on Thursday, May 30th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.18.

ConocoPhillips Stock Up 0.4 %

Shares of ConocoPhillips stock traded up $0.41 during trading on Friday, hitting $114.38. 7,191,846 shares of the stock traded hands, compared to its average volume of 7,011,207. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $118.30 and its 200 day simple moving average is $117.58. The firm has a market cap of $133.77 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.22. ConocoPhillips has a 52-week low of $99.35 and a 52-week high of $135.18.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, beating the consensus estimate of $1.99 by $0.04. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. The business had revenue of $14.48 billion during the quarter, compared to analyst estimates of $14.72 billion. On average, equities analysts predict that ConocoPhillips will post 8.89 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $3.12 annualized dividend and a yield of 2.73%. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.27%.

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.