Souders Financial Advisors Has $227,000 Stock Holdings in ConocoPhillips (NYSE:COP)

Souders Financial Advisors cut its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 93.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,153 shares of the energy producer's stock after selling 30,396 shares during the quarter. Souders Financial Advisors' holdings in ConocoPhillips were worth $227,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of ConocoPhillips by 35.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,192,580 shares of the energy producer's stock valued at $4,097,473,000 after buying an additional 8,479,963 shares during the last quarter. Capital International Investors lifted its stake in ConocoPhillips by 9.6% in the first quarter. Capital International Investors now owns 21,252,822 shares of the energy producer's stock valued at $2,705,059,000 after acquiring an additional 1,856,085 shares during the last quarter. International Assets Investment Management LLC grew its position in ConocoPhillips by 10,634.2% in the third quarter. International Assets Investment Management LLC now owns 1,205,666 shares of the energy producer's stock worth $126,933,000 after acquiring an additional 1,194,434 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of ConocoPhillips by 19.3% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 6,811,289 shares of the energy producer's stock valued at $717,093,000 after purchasing an additional 1,101,685 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of ConocoPhillips by 46.0% in the first quarter. Clearbridge Investments LLC now owns 3,219,929 shares of the energy producer's stock worth $409,833,000 after buying an additional 1,015,158 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on COP shares. Truist Financial cut their price objective on ConocoPhillips from $145.00 to $138.00 and set a "buy" rating on the stock in a research note on Monday, September 30th. Sanford C. Bernstein cut their price objective on ConocoPhillips from $147.00 to $132.00 and set an "outperform" rating for the company in a research report on Wednesday, July 17th. UBS Group lowered their target price on ConocoPhillips from $153.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Susquehanna upped their target price on shares of ConocoPhillips from $144.00 to $148.00 and gave the company a "positive" rating in a research note on Friday, November 1st. Finally, StockNews.com cut ConocoPhillips from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $137.47.

ConocoPhillips Trading Up 1.0 %

Shares of NYSE:COP traded up $1.10 during trading on Thursday, hitting $112.92. 4,389,091 shares of the company's stock were exchanged, compared to its average volume of 5,890,533. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. The firm has a market cap of $129.96 billion, a P/E ratio of 13.30, a PEG ratio of 0.90 and a beta of 1.21. The firm has a 50-day moving average price of $107.77 and a two-hundred day moving average price of $111.90. ConocoPhillips has a 1-year low of $101.29 and a 1-year high of $135.18.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. During the same period in the previous year, the company earned $2.16 EPS. The company's revenue for the quarter was down 8.5% compared to the same quarter last year. Equities analysts predict that ConocoPhillips will post 7.8 earnings per share for the current year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be given a $0.78 dividend. The ex-dividend date is Friday, November 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.76%. This is a boost from ConocoPhillips's previous quarterly dividend of $0.58. ConocoPhillips's dividend payout ratio 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.