Icon Wealth Advisors LLC Buys 183 Shares of ConocoPhillips (NYSE:COP)

Icon Wealth Advisors LLC increased its stake in ConocoPhillips (NYSE:COP) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 11,998 shares of the energy producer’s stock after purchasing an additional 183 shares during the quarter. Icon Wealth Advisors LLC’s holdings in ConocoPhillips were worth $1,263,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Values First Advisors Inc. bought a new stake in shares of ConocoPhillips during the 3rd quarter worth $26,000. Stephens Consulting LLC boosted its holdings in ConocoPhillips by 69.3% during the second quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock valued at $29,000 after acquiring an additional 104 shares during the period. Reston Wealth Management LLC acquired a new stake in shares of ConocoPhillips in the third quarter valued at about $31,000. Truvestments Capital LLC bought a new position in shares of ConocoPhillips in the third quarter worth about $31,000. Finally, Y.D. More Investments Ltd acquired a new position in shares of ConocoPhillips during the 2nd quarter worth about $35,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Up 0.9 %

Shares of NYSE COP opened at $108.37 on Friday. ConocoPhillips has a 52-week low of $101.29 and a 52-week high of $135.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. The business has a fifty day moving average of $108.77 and a two-hundred day moving average of $110.86. The stock has a market cap of $124.72 billion, a PE ratio of 12.89, a PEG ratio of 0.88 and a beta of 1.21.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.10. The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the firm posted $2.16 EPS. As a group, equities research analysts expect that ConocoPhillips will post 7.76 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be given a dividend of $0.78 per share. The ex-dividend date is Friday, November 8th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a yield of 2.88%. ConocoPhillips’s dividend payout ratio is 37.10%.

Analysts Set New Price Targets

A number of analysts have issued reports on COP shares. Mizuho raised their target price on ConocoPhillips from $129.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, November 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $126.00 target price (down previously from $139.00) on shares of ConocoPhillips in a research report on Friday, October 11th. UBS Group reduced their price target on shares of ConocoPhillips from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Truist Financial dropped their price objective on shares of ConocoPhillips from $145.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $140.00 target price on shares of ConocoPhillips in a research note on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.63.

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.