Orion Portfolio Solutions LLC increased its holdings in ConocoPhillips (NYSE:COP) by 37.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,967 shares of the energy producer’s stock after buying an additional 4,337 shares during the period. Orion Portfolio Solutions LLC’s holdings in ConocoPhillips were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado increased its holdings in shares of ConocoPhillips by 4.4% during the first quarter. Public Employees Retirement Association of Colorado now owns 208,504 shares of the energy producer’s stock worth $6,422,000 after buying an additional 8,865 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of ConocoPhillips by 13.5% during the first quarter. Dynamic Advisor Solutions LLC now owns 12,063 shares of the energy producer’s stock worth $372,000 after buying an additional 1,434 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of ConocoPhillips by 9.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 313,353 shares of the energy producer’s stock worth $9,651,000 after buying an additional 28,320 shares in the last quarter. Cetera Advisor Networks LLC increased its holdings in shares of ConocoPhillips by 15.1% during the first quarter. Cetera Advisor Networks LLC now owns 48,343 shares of the energy producer’s stock worth $1,489,000 after buying an additional 6,338 shares in the last quarter. Finally, Cetera Advisors LLC increased its holdings in shares of ConocoPhillips by 3.5% during the first quarter. Cetera Advisors LLC now owns 18,935 shares of the energy producer’s stock worth $583,000 after buying an additional 643 shares in the last quarter. Institutional investors own 72.02% of the company’s stock.

Several research analysts have recently issued reports on the stock. SunTrust Banks assumed coverage on shares of ConocoPhillips in a report on Thursday, July 23rd. They set a “buy” rating and a $51.00 price target for the company. Wells Fargo & Company reissued a “buy” rating on shares of ConocoPhillips in a research note on Tuesday. Royal Bank of Canada reissued a “buy” rating on shares of ConocoPhillips in a research note on Monday, July 6th. Cfra cut shares of ConocoPhillips to a “hold” rating and set a $50.00 price objective on the stock. in a research note on Wednesday, June 10th. Finally, Piper Sandler boosted their price objective on shares of ConocoPhillips from $49.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Five analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $55.65.

Shares of NYSE COP traded up $1.04 during trading on Wednesday, hitting $34.84. 332,456 shares of the company traded hands, compared to its average volume of 6,011,877. The business’s fifty day moving average is $37.71 and its 200 day moving average is $38.95. ConocoPhillips has a fifty-two week low of $20.84 and a fifty-two week high of $67.13. The firm has a market capitalization of $36.25 billion, a price-to-earnings ratio of 17.12 and a beta of 1.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.45 and a current ratio of 2.69.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, July 30th. The energy producer reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.58) by ($0.34). The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.19 billion. ConocoPhillips had a net margin of 8.49% and a return on equity of 3.72%. During the same quarter in the prior year, the company posted $1.01 EPS. On average, analysts predict that ConocoPhillips will post -0.69 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, July 20th were issued a $0.42 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $1.68 annualized dividend and a yield of 4.82%. ConocoPhillips’s payout ratio is currently 46.80%.

ConocoPhillips 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.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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