ConocoPhillips (NYSE:COP) Shares Bought by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV grew its holdings in shares of ConocoPhillips (NYSE:COP) by 37.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 14,554 shares of the energy producer’s stock after acquiring an additional 3,937 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in ConocoPhillips were worth $1,532,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Values First Advisors Inc. acquired a new stake in shares of ConocoPhillips in the third quarter valued at $26,000. Stephens Consulting LLC lifted its holdings in shares of ConocoPhillips by 69.3% in the second quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock valued at $29,000 after buying an additional 104 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of ConocoPhillips during the third quarter worth $31,000. Y.D. More Investments Ltd acquired a new stake in shares of ConocoPhillips during the second quarter worth $35,000. Finally, Fairway Wealth LLC raised its position in shares of ConocoPhillips by 95.6% during the second quarter. Fairway Wealth LLC now owns 313 shares of the energy producer’s stock worth $36,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $112.08 on Tuesday. The business has a 50 day moving average price of $107.73 and a 200 day moving average price of $112.16. ConocoPhillips has a twelve month low of $101.29 and a twelve month high of $135.18. The company has a market cap of $128.99 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.91 and a beta of 1.21. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.10. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.97 billion. During the same quarter in the prior year, the company earned $2.16 EPS. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. Research analysts predict that ConocoPhillips will post 7.8 earnings per share for the current year.

ConocoPhillips Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be issued a $0.78 dividend. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date is Friday, November 8th. This represents a $3.12 annualized dividend and a yield of 2.78%. ConocoPhillips’s dividend payout ratio is 37.10%.

Analyst Ratings Changes

COP has been the topic of a number of recent analyst reports. UBS Group cut their target price on ConocoPhillips from $153.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Wolfe Research assumed coverage on ConocoPhillips in a research report on Thursday, July 18th. They set an “outperform” rating and a $145.00 target price on the stock. Barclays upped their price target on ConocoPhillips from $135.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. StockNews.com lowered ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Scotiabank dropped their price target on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.47.

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.