Beaird Harris Wealth Management LLC Has $150,000 Position in ConocoPhillips (NYSE:COP)

Beaird Harris Wealth Management LLC reduced its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 81.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,429 shares of the energy producer's stock after selling 6,185 shares during the quarter. Beaird Harris Wealth Management LLC's holdings in ConocoPhillips were worth $150,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Values First Advisors Inc. acquired a new stake in shares of ConocoPhillips during the third quarter worth approximately $26,000. Stephens Consulting LLC boosted its stake in shares of ConocoPhillips by 69.3% during the 2nd 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 purchased a new position in shares of ConocoPhillips during the 3rd quarter valued at $31,000. Truvestments Capital LLC acquired a new position in shares of ConocoPhillips in the third quarter worth $31,000. Finally, Y.D. More Investments Ltd purchased a new stake in shares of ConocoPhillips during the second quarter worth $35,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Evercore ISI reaffirmed an "outperform" rating and issued a $165.00 target price on shares of ConocoPhillips in a research report on Friday, December 6th. Susquehanna boosted their price target on ConocoPhillips from $144.00 to $148.00 and gave the company a "positive" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised shares of ConocoPhillips from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $120.00 to $123.00 in a research report on Thursday, December 5th. UBS Group decreased their target price on shares of ConocoPhillips from $153.00 to $140.00 and set a "buy" rating for the company in a research report on Wednesday, September 18th. Finally, Mizuho raised their price target on shares of ConocoPhillips from $129.00 to $132.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, ConocoPhillips has a consensus rating of "Moderate Buy" and a consensus price target of $139.18.

ConocoPhillips Stock Performance

NYSE COP traded up $0.11 during trading on Friday, reaching $101.02. The company's stock had a trading volume of 6,885,312 shares, compared to its average volume of 6,018,133. ConocoPhillips has a 12 month low of $100.58 and a 12 month high of $135.18. The firm has a 50 day moving average price of $108.03 and a 200 day moving average price of $109.85. The firm has a market capitalization of $116.26 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 0.84 and a beta of 1.18. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $13.97 billion. During the same quarter last year, the company earned $2.16 EPS. The company's revenue was down 8.5% on a year-over-year basis. As a group, equities analysts anticipate that ConocoPhillips will post 7.77 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were given a $0.78 dividend. The ex-dividend date was Friday, November 8th. This represents a $3.12 dividend on an annualized basis and a yield of 3.09%. This is a positive change from ConocoPhillips's previous quarterly dividend of $0.58. ConocoPhillips's dividend payout ratio (DPR) is currently 37.10%.

About ConocoPhillips

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.